Creating Financial Breathing Room
Learning Objective
I can apply the concepts of aligned spending, boundaries, and awareness to create a plan for increasing my own financial breathing room.
Practice Questions
This lesson includes 7 practice questions to reinforce learning.
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1. Describe the first step recommended in the video for creating financial breathing room and explain why it is important.
2. Explain how tracking your spending can help you make smarter financial choices, according to the video. Provide an example of a spending habit someone might discover through tracking.
3. Why is building a small emergency fund crucial for breaking the paycheck-to-paycheck cycle? Explain how relying on credit cards for emergencies perpetuates this cycle.
...and 4 more questions
Educational Video
Breaking Free From Paycheck-to-Paycheck Living | 3 Steps to Take Control
Done With Debt