WorksheetsPay Yourself First
Total questions: 15
Worksheet time: 19mins
What does PYF stand for?
Pay Your Friend
Pass Your Food
Pay Yourself First
Pay Yourself Finally
What percentage of your monthly income should be devoted to PYF?
20%
2%
30%
50%
If you make $100, how much should you pay yourself first?
$_
(a)
If you make $200, how much should you pay yourself first?
$_
(a)
If you make $500, how much should you pay yourself first?
$_
(a)
If you make $1000, how much should you pay yourself first?
$_
(a)
If you make $2500, how much should you pay yourself first?
$_
(a)
To be financially secure, you should have _ months worth of expenses in savings.
(a)Diana, a college student, has $300 worth of expenses monthly. How much should she save to be financially secure?
$1400
$1800
$900
$1100
True or False: Diana has paid herself first correctly.
Paycheck: $600
Transferred to Savings: $50
Your friend's parents are worried about going over their budget for the month. Which expense would you suggest is NOT a need?
Rent payment
Car Insurance
Disney +
Groceries
Putting money for yourself aside before paying bills
Do It Yourself
Pay Yourself First
Saving is easier when you put small amounts away.
True
False
What does “Pay Yourself First” mean when it comes to saving?
Prioritize your wants and flexible spending over all other types of spending
Each time you get paid, set aside money for savings before making any purchases
Keep all of your money in just one account so it’s easier to manage
Pay all of your bills first and if you have extra money, then consider putting it in a savings account
True or False: Pay Yourself First means that you will automatically put some money into your savings before you spend any.
True
False
