What is our coping skill of the day?
Positive Self-Talk
What is one example of a positive self-talk phrase you can use?
Answers will vary
What percentage of Americans could not pay a surprise $400 bill with cash or equivalent?
100%
32%
What are some ways Americans who don't have $400 to pay a surprise bill would cover the expense?
credit card, would not pay it, borrow, sell something, loan or line of credit
How much does Kal Penn recommend you save of your income?
20%
50%
100%
75%
Why does it make sense to start saving or investing right now?
The earlier a person starts, the longer the money invested or saved has to grow (interest compounds more).
Saving or Investing? Putting $20 per paycheck into an account to help pay for books during college
saving
investing
Saving or Investing: Buying shares of stock in your favorite clothing company
saving
investing
Name one simple savings trick
answers will vary
What does “Pay Yourself First” mean when it comes to saving?
Prioritize your wants and flexible spending over all else
Each time you get paid, set aside money for savings before m
Keep all of your money in just one account
Pay all of your bills first and if you have extra money,save
The following statements accurately describe the difference between saving and investing EXCEPT
Investing involves higher risk, but can yield more growth
Saving can only be done in person.Investing can be done both
Return on savings often falls short of pace of inflation
Saving is best for short-term goals.
