What should Daneeka pay first?
Watch Daneeka decide what she’s going to do. Then vote on whether you think she’s right.
Daneeka wants to pay for things in the right order so that her monthly income covers her needs.
The first thing I’ll do is set aside the money I need for everyday expenses, like groceries and bus fare.
I know I have some big expenses coming, so I’d better set that money aside first.
Before I do anything else, I’m going to pay my bills.
Is this the best choice for Daneeka?
You're right! Your friend made the best choice.
Actually, there is a better choice.
You're right! There is a better choice.
Actually, your friend made the best choice.
Daneeka pays … continued
Daneeka’s best choice is to pay her bills first. Why?
There are many potential penalties if she pays late – late fees, losing things she bought on credit, even being evicted from her apartment!
She’ll find out right away if she doesn’t have enough money to pay larger expenses.
She won’t be tempted to waste the money on things she doesn’t really need.
Once she can start paying her bills a full month in advance, she’ll be able to start saving and investing.
Right! Paying her bills late could also seriously damage her future ability to borrow.
Watch Daneeka Decide
Now click the Next button for more about the best sequence for spending.