Finance

Financial Responsibility

Introduction

 SATURDAY NIIIIIIGHT. (And yes, the bed cost money.)It's Saturday night and you can do literally whatever you want. What would you do? Sit at home on your couch and channel surf? Play video...

Needs vs. Wants

Your little sister needs a new Frozen backpack. And let's face it: you need a new iPhone. (You cracked the screen two days into owning it, and you're sick of the "spider app" look, as you call it.)...

Delayed Gratification

Short-Term vs. Long-Term GreedPut a marshmallow in front of a 3-year-old, and what happens? He stuffs his face.But what if you tell the kid that, if he waits a few minutes, he can have two marshmal...

What Are Your Values?

Cecilia is sixteen and has a part-time job at a local diner, where she works three shifts a week to earn money for college. She also puts aside $50 every month to give to the local SPCA because she...

What Are Your Goals?

Here are some goals Shmoop has had throughout our life:Pass an impossible math testGet a date—literally, any date—to promPerform at the Super Bowl half-time showPlay for the KnicksBeat Final Fa...

Basic Financial Planning

If you're anything like us, your life plan involves starring in a Die Hard reboot and making $50 million from it.That’s great. By that time, you’ll be able to afford an accountant in a sweater...

Keeping a Spending Record

Since we're nice, we're going to give you $100.Sure, it's hypothetical money, but it's the thought that counts, right?If you just popped that hundred in your wallet and didn't think about, it would...

Budgeting

Okay, so you're a pro at spending records, but now it's time to break out the big guns: budgets.When you keep a spending record, you know how much you're…spending. When you keep a budget, you kno...