Question of the Day: Excluding rent or mortgage payments, what is the most expensive monthly bill paid by households?

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Jun 01, 2020
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Question of the Day, Budgeting, Purchase Decisions

Answer: Auto loans

Click here for the ready-to-go slides for this Question of the Day that you can use in your classroom. 

Questions

  • 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?

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A great way to end the year is with our Salary-Based Budgeting Activity where students think about life beyond high school. 

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We've adapted the Bean Game so you can now use it virtually now too! 

 

About the Author

Tim Ranzetta

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.