Help these characters find a way out of their scary money stories by helping them decide what their next action should be.
1) When I saw my credit score was 600, I SCREAMED! I need it to be at least 740 before I try to get a car loan! What should I do?
Answer: Continue to use my credit card at least once a month & make my payments on time
Note: Closing a credit card can decrease your score
2) I lost my debit card while I was have SCARY FUN at a party. I looked at my account today and saw a weird charge. What should I do?
Answer: Talk to my bank right away
3) I’m worried my student loans are going to be a HUGE SCARY PAIN when I have to start paying them back. What should I do now to reduce my debt?
Answer: Have a plan for how you will graduate in 4 years so you don’t take unnecessary classes
Note: Bank loans are almost always more expensive than federal loans
4) I had a KILLER $250 car repair come up and don’t know how I’m going to pay for it. What should I do?
Answer: Use a low-interest credit card
Note: Avoid payday lenders - Their interest rates can be 200%+
5) I’m TRAPPED in Lincoln for fall break. What’s the most budget-friendly thing I can do?
Answer: All of the above
6) I went a little CRAZY with my NCard this month and now have a huge bill to pay. What should I do?
7) I have a little money that I want to invest, but I heard the stock market might SUCK ME DRY. What should I do?
Answer: Don’t be afraid of investing - Visit the Student Money Management Center to learn about my investing options
8) Taxes & FICA are really SLASHING my paycheck. What should I do?
Answer: Double check that I correctly filled out my W-4 form when I started the job
9) I got a SHARP jacket at the mall, but then couldn’t pay my credit card bill in full this month & found out my interest rate is 20%. What should I do?
Answer: Call the credit card company and ask for the interest rate to be lowered
10) Thinking about money makes me want to HURL. What’s 1 thing I can do to get control of my money?
Answer: Find an app that will help me create a spending plan, like mint.com
You need to expand your knowledge of financial matters.
You are starting on the path to financial success, but you lack some important financial knowledge.
Congratulations! You are on the path to financial success.