Your Life Your Money

How long should you track every penny you spend money on?

• 2 weeks

• 6 weeks

• 8 weeks

• 2 days

You need to subtract the total monthly expenses from your monthly income?

• True

• False

You want to save 10% of your take home pay?

• True

• False

You should make your money work for you.

• True

• False

Every penny should have a purpose.

• True

• False

Every time you buy something, you should determine if this is a need or a want?

• True

• False

You should pay 50% of your take home pay on housing?

• True

• False

A bank account is a good place to start your financial life?

• True

• False

What is the biggest thing that trips young people up about banks?

• account types

• the fees

• debit card

True or False...When paying with a credit card, people tend to spend less.

• True

• False