Budgeting
This is an expense that changes month to month
Variable Expense
True or False? A resume is a letter written to a potential employer
False
When is the normal tax deadline?
What happens if you do not pay off your credit card at the end of the month?
Carry a balance, have to pay interest.
What does safe debt load mean?
The amount of debt you can safely have given your income
This is an expense that is the same every month
Fixed Expense
How early should you arrive for a job interview?
10-15 minutes early
What is the 1040 used for?
To file your taxes
What is an advantage of a credit card?
Miles, Points, building good credit, etc.
What is insurance?
Helps protect you from risk, a policy you buy. Can be auto, home, renters, health, life
When all your money is allocated to some part of your budget
zero-based budget
What are the common categories on a resume? Name 3
Personal Information, Objective, Employment History, Academic History, Skills, Awards, Volunteer Work, etc.
What is an I9 form?
What is a penny stock?
Inexpensive stock for a company with not a lot of financial history or new company - very risky!
What is an insurance premium?
The amount you pay for the coverage you have, your bill!
Opportunity Cost
What is a cover letter?
A letter written to express interest in a job you apply for. It tells the employer how your skills match up with the job you'd like.
What is the difference between a w4 & w2
What is the difference between a debit card and credit card?
Credit card is a loan, debit card is linked to your checking account. Credit card charges interest, debit card does not.
What is the difference between debit and credit for a checking account?
Debit - takes money away, out of account
Credit - adds money, increases your balance
Name 3 common categories for a personal budget
Utilities, Food, Rent, Entertainment, Giving, Income, etc.
Name two things you should do at the end or after an interview?
Ask the interviewer a question! and send a thank you note/email
What do you need to file your taxes?
W2 from each job & 1040 form to file taxes
What is one moderate risk investment?
Stocks, mutual funds, annuities, real estate
What is a 1099 tax form used for?
Independent contractor work