Chapter 15: Money

​Budgets matter....

• ​I can tell you from experience that once I mastered budgeting, I found that I could "blame" my budget for every decision I made.

• ​What do you think I mean by "blame"?

Multiple Choice

Which of the following is NOT part of the budgeting process?

• Gathering income information

• Gathering expense information

• Find out how you are doing

• Make adjustments

• Party like it's 1999

Multiple Choice

An important thing to be able to recognize when living on a budget is...

• Spend everything you make on whatever you want

• The difference between wants and needs

• Impulse items are important

• Dining out is always the best option

Poll

Choose all that apply to this question.

My financial aid package includes....

• Pell Grant

• SC Lottery Scholarship

• SC Tuition Assistance

• Student Loans

• Private scholarships

Multiple Choice

Dealing with financial aid is a personal decision and I must figure it out all by myself.

• True

• False

Multiple Choice

The financial aid process ends with filling out the FAFSA

• True

• False

Multiple Choice

Which of the following will NOT help you keep your financial aid?

• File FAFSA every year

• Meet all deadlines

• Notify financial aid if you overuse your credit card

• Ask about on-campus jobs throughout the year

Multiple Choice

The magic "sweet-spot" for college students working while in school is....

• 30-40 hours per week

• 5-10 hours per week

• 15-20 hours per week

• 0-5 hours per week

Multiple Choice

It is tough to get good grades if you are going to school full-time and working full-time (typically)

• True

• False

Multiple Choice

there is a significant financial difference between "subsidized" and "unsubsidized" student loans

• True

• False

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Multiple Choice

What is the biggest portion of your credit score?

• Credit mix

• Amount owed

• New credit

• Length of credit history

• Payment history

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