Joey's Budgeting Journey and Lessons

The video tells the story of Joey, who learns the importance of budgeting and saving money. Initially, Joey spends his allowance on immediate desires, unlike his sister Cass, who saves for what she truly wants. Cass advises Joey to set a savings goal and stick to a budget. Inspired, Joey decides to save for a STEM camp instead of buying a video game. With Cass's help, Joey learns to manage his finances, sell unnecessary items, and achieve his goal. The story emphasizes the value of planning and saving for future aspirations.

What is the main challenge Joey faces in the story?

• Learning to budget his money

• Making new friends

• Winning a video game competition

• Finding a new hobby

How does Cass manage to save her money?

• By borrowing from friends

• By doing extra chores

• By saving her allowance each week

• By selling her toys

What does Cass use to take pictures of Joey?

• A smartphone

• A tablet

• A digital camera

• A mint condition jazz cam instant camera

What does Joey initially want to buy with his savings?

• A new bicycle

• A new phone

• A video game, a poster, and a t-shirt

• A pet dog

What does Cass suggest Joey should do to achieve his goals?

• Spend more time playing video games

• Create a budget and stick to it

• Ask his parents for more money

• Ignore his spending habits

What does Cass say is the first step in saving money?

• Spending less on food

• Borrowing from friends

• Deciding on a goal

• Getting a part-time job

What does Joey decide is more important than buying a video game?

• Getting a new pet

• Going to STEM camp

• Going on a vacation

• Buying a new camera

How does Joey plan to save money for STEM camp?

• By asking for a loan

• By selling some of his toys and posters

• By cutting down on snacks

• By doing extra chores

How much can Joey earn in a year if he follows Cass's advice?

• $360

• $480

• $120

• $240

What lesson does Joey learn by the end of the story?

• It's better to borrow money

• Spending money is more fun

• Budgeting can help achieve dreams

• Saving money is not important