Pay Yourself First

Pay Yourself First

PYF

• Set aside a portion of money every pay period before paying for anything else.

• Usually 10%-20% per check.

• Depository institution - think of banks.

Multiple Choice

How much savings do you think someone should have to be financially secure?

• $1,000

• 1 month of expenses

• 6 months of expenses

• 1 year of expenses

Open Ended

Deonte, a college student, has $400 worth of expenses monthly. How much should he save to be financially secure?

Open Ended

Teacher shout out. Give a teacher some love. Any teacher.

Multiple Choice

The safest place to save money is

• Piggy Bank

• Under the bed

• In a depository institution

• Stock Exchange

Fill in the Blank

To be financially secure a person should have ___________ worth of savings.

Poll

Net income/Net pay is the amount after taxes and deductions are taken out

• True

• False

Open Ended

What does PYF stand for?