Financial Literacy

What does being on a budget mean?

• You pay bills every month in full and on time

• You can buy anything you want or need

• You made a spending plan of your expenses to be less than or equal to your income

• Your bills are generally paid by every due date

How can you help to fund college education?

• Apply for financial aid using the FAFSA and TAP applications

• Get a part-time job and adopt a budget

• Seek out college scholarships

An example of a need is:

• A laptop

• New clothes on sale

• Books for college

• A Florida vacation

An example of a want is:

• supplies for a lab class

• walking shoes to use on campus

• room and board

• 48’ flat screen TV

Which of the following are good money management habits? Check all those that apply

• Spend within my means

• Keep track of my spending

• Set up automatic transfers to a separate savings account