Question of the Day: Excluding rent or mortgage payments, what is the most expensive monthly bill paid by households?
Answer: Auto loans
- This research focused on bills that are paid by households. What other major costs would show up in a typical household budget?
- 4 of the 9 monthly bills have this word in them. What is it?
- Which billing category above do you think families may be looking to reduce now?
A great way to end the year is with our Salary-Based Budgeting Activity where students think about life beyond high school.
We've adapted the Bean Game so you can now use it virtually now too!
About the Author
Tim's saving habits started at seven when a neighbor with a broken hip gave him a dog walking job. Her recovery, which took almost a year, resulted in Tim getting to know the bank tellers quite well (and accumulating a savings account balance of over $300!). His recent entrepreneurial adventures have included driving a shredding truck, analyzing executive compensation packages for Fortune 500 companies and helping families make better college financing decisions. After volunteering in 2010 to create and teach a personal finance program at Eastside College Prep in East Palo Alto, Tim saw firsthand the impact of an engaging and activity-based curriculum, which inspired him to start a new non-profit, Next Gen Personal Finance.
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