Section 1 - Instruction

Let's combine the last two concepts: the envelope method for setting limits and daily tracking for staying aware. Remember, the goal is to make conscious choices before you spend, not just see where the money went afterwards.

Engagement Message

Ready to run through a practice week?

Section 2 - Practice

Type

Fill In The Blanks

Markdown With Blanks

Let's set up your envelopes for the month. Your "Wants" budget is $400. You decide to split it like this:

  • Dining Out: [[blank:$200]]
  • Entertainment: [[blank:$100]]
  • Hobbies: [[blank:$100]]

This gives you clear limits for each category.

Suggested Answers

  • $200
  • $100
  • $100
  • $400
Section 3 - Practice

Type

Multiple Choice

Practice Question

It's Tuesday. You buy groceries for $75. Which of these is the correct way to track this expense?

A. Write down "Spent money on food" B. Make a mental note to check your bank account later C. Record "$75 - Groceries" in your notebook or app D. Don't track it since groceries are a need

Suggested Answers

  • A
  • B
  • C - Correct
  • D
Section 4 - Practice

Type

Swipe Left or Right

Practice Question

It's Friday, and your "Dining Out" envelope is almost empty. What's a good move versus a bad move? Swipe left for Good Moves and right for Bad Moves.

Labels

  • Left Label: Good Move
  • Right Label: Bad Move

Left Label Items

  • Suggest cooking at home with friends instead of going out.
  • Check your "Entertainment" envelope to see if you can move money.
  • Decide to wait until next month to dine out again.

Right Label Items

  • Use your credit card and worry about it later.
  • "Borrow" from your rent money.
  • Ignore your budget and go out anyway.
Section 5 - Practice

Type

Sort Into Boxes

Practice Question

Let's track some weekend spending. Sort these transactions into the correct digital envelope.

Labels

  • First Box Label: Groceries
  • Second Box Label: Entertainment

First Box Items

  • Milk and eggs
  • Bread
  • Vegetables
  • Chicken

Second Box Items

  • Movie tickets
  • Bowling with friends
  • Popcorn at cinema
  • Concert tickets
Section 6 - Practice

Type

Multiple Choice

Practice Question

At your weekly review, you see you spent $120 on groceries but only budgeted $100. What's the best immediate action?

A. Panic and give up on budgeting B. Move 20fromanothercategorythatwasunderspentC.IncreaseyourgrocerybudgetfornextmonthimmediatelyD.Ignoreit,it′sonly20 from another category that was underspent C. Increase your grocery budget for next month immediately D. Ignore it, it's only 20

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