Section 1 - Instruction

Let's do a quick recap! We know that cash flow is money in vs. money out. We also know the 50/30/20 rule helps us divide our after-tax income into Needs (50%), Wants (30%), and Savings/Debt (20%).

Engagement Message

The key is correctly categorizing every dollar. Are you ready to give it a try?

Section 2 - Practice

Type

Sort Into Boxes

Practice Question

Let's start with the basics. Sort these items into the correct cash flow category.

Labels

  • First Box Label: Money In
  • Second Box Label: Money Out

First Box Items

  • Paycheck
  • Bonus from work
  • Selling old furniture
  • Birthday money

Second Box Items

  • Electric bill
  • Student loan payment
  • Movie ticket
  • Car payment
Section 3 - Practice

Type

Swipe Left or Right

Practice Question

Now for the tricky part. Is it a need or a want? Swipe left for Need and right for Want.

Labels

  • Left Label: Need
  • Right Label: Want

Left Label Items

  • Your monthly rent or mortgage payment
  • Basic groceries for home-cooked meals
  • A bus pass to get to work
  • Health insurance premium

Right Label Items

  • A subscription to a gaming service
  • Buying lunch at a cafe instead of packing it
  • Upgrading to the latest smartphone model
  • A vacation flight to a tropical island
Section 4 - Practice
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