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So Simple a Kid Could Get It – #FLMonth

by Don Current on April 18, 2011

Looking for a handout

photo courtesy Stephen Wu

Brad Chaffee and his son Isaac (Enemy Of Debt) bring today’s Financial Literacy Month question of the day to us. This question is really so simple that a kid could answer it, but how many times have you seen people who just didn’t seem to get it?

Question: If you experience a loss of income you should..

A) Cut spending and budget for essential needs in order of priority
B) Keep the cable and phone plan but cut the food budget
C) Continue to spend at previous levels
D) Hold your hand out and hope for the best

So, what do you think? What have you done when your income has dropped?