Living Within Your Means

Which of the following is a fixed expense?

• Groceries

• Tuition

• Dining Out

• Entertainment

What's a simple way to save on food costs as a student?

• Order delivery often

• Eat out daily

• Meal prep weekly

• Skip meals

Which tool can help you track your spending effectively?

• Your memory

• Lakehead's Budgeting Template

• Random guessing

• None of the above

What's a good way to reduce transportation?

• Buy a new car

• Take Ubers everywhere

• Use student transit pass (U-Pass)

• Drive alone

What does living within your means actually mean?

• Spending more than you earn

• Using credit cards for fun

• Spending less than you earn

• Getting help from friends

What habit helps avoid overspending?

• Impulse shopping

• Shopping without a list

• Budgeting monthly

• Avoid budgeting

Which expense can vary significantly month to month?

• Rent

• Phone Bill

• Tuition

• Groceries

What's one way to find student discounts?

• Pay full price

• Never ask

• Checkout Lakehead's Tips & Tricks document

• Avoid shopping

What strategy is best for emergency costs?

• Ignore them

• Use a credit card only

• Start an Emergency Fund

• Borrow from friends

What's the purpose of a needs vs wants list?

• To encourage spending

• To prioritize essential expenses

• To shop impulsively

• To track income