FCSE 3120 Chapter Notes - Chapter 30: Debit Card, Got Money

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True or false: 90% of americans buy things they can"t afford. True or false: approximately 78% of americans live paycheck to paycheck. It"s all true: it is possible to get out of debt and stay out of debt even at your young age. How: the first step is to create, and then stick to, a budget. Budgeting 101: budgeting is creating a plan with what you are going to do with your money, remember, it"s your money so have a plan with what you want to do with it, not everyone else, be realistic! You cannot live on /month for food: keeping track of your expenses is not the same as creating a budget. Keeping track of expenses is good but it"s only looking at the past. 10 tips for creating a budget: budget to zero before the month begins.

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