Invisible Money: Managing Party Budgets and Credit Card Surprises

The video tutorial follows a group planning a surprise birthday party for Prudence. They start with a $200 budget but end up overspending due to invisible costs like DJ fees and phone invitations. The group learns about financial responsibility, debt, and interest as they work to pay off the $150 debt incurred. The video emphasizes the importance of tracking expenses and understanding financial obligations.

What was the initial reason Prudence was asked to check something?

• It was too dark in the room

• There was a noise outside

• The fuse box needed checking

• The lights were not working

What occasion was approaching for Prudence?

• Her graduation

• Her birthday

• Her job promotion

• Her wedding

How did the group initially plan to fund the party?

• Selling personal items

• Using savings from a gig

• By borrowing money

• Winning a lottery

What led to the group spending more than their budget?

• Unexpected guests

• Invisible charges on credit

• Higher food costs

• Venue rental increase

What was the group's solution to cover the extra expenses?

• Work extra jobs

• Cancel the party

• Borrow from friends

• Let the bank cover for now

What was the consequence of borrowing from the bank?

• No consequences

• They were given more credit

• Interest charges were applied

• They received a bonus

How did the group finally resolve their financial situation?

• They won a cash prize

• They ignored the debt

• They paid off their debt

• They declared bankruptcy

What did the group learn about financial management?

• To always use cash

• To avoid parties

• To plan and budget carefully

• To ignore hidden charges