- Budget Challenge
- EverFi
Intro to Debt:
- Watch Video 1.2 "Debt: Product, Not Priviledge
- take notes as you watch (pretend you're the teacher)
- Free money isn't free
- Renting might not be as bad as you're made to believe
- consider mortgage interest, home owners' insurance, real estate taxes, repairs & maintenance, utiilities (gas, water, sewer, garbage, lawn care)
- Money problems cause marriage problems
- 52% of marriages end in divorce
- Don't be a slave to the lender
- Don't believe the lies, search for the truth
- What can you do if you don't have debt payments?
- anything you want
- you don't have to pay others first
- Myths that are told long enough to enough people become "truth"
- You don't need credit history
- no reason to go into debt
- Avoid debt
- Buy now, pay later does not work
- slow down, save up, and pay cash
- tell yourself NO, have self control
- you don't NEED those THINGS
- debt today, limits options later in life
- you don't NEED a new car
- interest adds to cost
- new cars lose value quickly
- new cars cost more to insure
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