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hellolittlebears t1_jad55gn wrote

Reply to comment by philzter in I teach a Math Personal Finance class, help me think of additional lessons/activities. by homeboi808

Clark Howard always says when you get a windfall, use 90% of it for bills/saving/practical stuff and 10% for something fun. Being responsible is very important, but enjoying life is too.

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ynotfoster t1_jadmsz0 wrote

I would add to save/invest at least half of every raise.

I would also talk about the importance of an emergency fund and discuss what constitutes an emergency.

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