2024 Can You Afford It?

Waverly lives at home and works part-time.

Waverly wants a $300.00 handbag promoted by her favorite IG influencer. Her mother reminded her she still owed $1,000 in credit card debt.

Can Waverly afford the handbag?

• Absolutely!

• Absolutely Not!

Morro, 18, rents an apartment in NYC. He has $1,500.00 saved. He wants a new, fully loaded 2025 Corvette for $79K.

Morro’s grandfather saved some money for Morro for college.

But Morro wants to use the funds for the Corvette because he does not like public transportation.

Morro has $500.00 saved.

Can Morro afford it?

• Absolutely!

• Absolutely Not!

Carey's friends hire her as a hair stylist, especially during school prom season.

Carey’s aunt thinks she should open a hair salon. It will cost $2,000 to renovate and purchase a professional sink and supplies. Carey has $2,500.00 saved. Can Carey afford to open her own business?

• Absolutely!

• Absolutely Not!

Michael started saving money at age 10 and now, at 20, has accumulated $18,000 in his savings account. He plans to travel with friends to Kenya, a trip that costs $3,000.

Can Michael afford this trip?

• Absolutely!

• Absolutely Not!

Jamahl's father, Herman, is a single parent raising three college students on his own. Herman loves his children and wants to give them everything he didn't have growing up. However, he was recently laid off from his job. Meanwhile, Jamahl just heard about the upcoming release of a new iPhone that’s said to be the best smartphone on the market.

Can Herman afford to buy the new iPhone for Jamahl?

• Absolutely!

• Absolutely Not!

John's mother, a lawyer with a love for expensive shoes, already owns about 85 pairs. Yesterday, she spotted a pair of designer shoes priced at $555 in a store window. As John tugged on her arm, he asked, "Mom, are these shoes a need or a want? And are we still planning to buy our own house?"

Can John’s mother afford to buy the new shoes?

• Absolutely!

• Absolutely Not!

• Maybe:

  The family's financial situation depends on his mother's salary, savings, and expenses, including college tuition and mortgage payments.

Twelve-year-old Mary is allergic to fake jewelry. With her birthday coming up next month and no savings, she wants to ask her mother—who works two jobs—to buy her a pair of $250 diamond earrings. Mary hopes to impress the popular kids at school with her new studs.

Can Mary afford the diamond earrings?

• Absolutely!

• Absolutely Not!

Dante loves sneakers and works part-time at McDonald's, but he only has $50 in his bank account. He’s planning to borrow $300 from his sister to buy a new pair of sneakers, even though he still owes his brother Jaime $250 for sunglasses he bought last month.

Can Dante afford the new sneakers?

• Absolutely!

• Absolutely Not!

• Maybe: Depends if his uncle will forgive the past loan.

Dante loves sneakers. He works part-time at McDonald’s but only has $50 in the bank. He plans to borrow $300 from his sister to buy some new kicks. Dante still owes his brother Jaime $250 for sunglasses he bought last month.

Can Dante afford the new sneakers?

• Absolutely!

• Absolutely Not!

• Maybe: Depends if his uncle will forgive the past loan.

Sarah is a college student working part-time at a bookstore. Over the past year, she has saved $1,200. Now, Sarah wants to buy a new laptop for $1,000 to help with her studies.

Can Sarah afford the new laptop?

• Absolutely!

• Absolutely Not!