Kate's Story

animated character

Kate just got accepted into college, but knows nothing about managing her finances. She is working part-time at a local library for $15 per hour, working for 5 hours a week. After tax and deductions she takes home $250.

In addition, her parents are providing her an allowance of $100 every month, plus she’s saving on rent by staying at home. Starbucks coffee at least 3 times is a must for Kate and eating out once a week. Occasionally, she will go out with friends and spend money on entertainment.

Kate has played guitar her entire life and wanted to save up for a new electric guitar, with her own money, for her band performance in 2 months. Help Kate figure out her current financial situation and determine if she will have enough in before her performance!