Paychecks
The total amount earned before deductions.
What is gross pay
A bank account mainly used for spending and paying bills.
What is a checking account?
A plan for how money will be earned and spent.
What is a budget?
Someone who starts and manages a business.
What is an entrepreneur?
To stop working after many years of employment.
What is retirement
The amount left after deductions and taxes.
What is net pay?
A bank account used to save money over time.
What is a savings account?
Something necessary for survival like food, water, or shelter.
What is a need?
Helping and supporting customers in a positive way.
What is customer service?
To prepare financially for the future.
What is saving for retirement?
Name one common paycheck deduction.
Taxes, insurance, Social Security, retirement, etc.
Money earned from saving or paid when borrowing.
What is interest?
Something a person would like but does not need.
What is a want?
Responsibility, teamwork, communication, punctuality, etc.
What is workplace skills
One benefit of starting retirement savings early?
What is Money has more time to grow through interest.
Why is it important to review your paycheck?
To make sure hours, pay, and deductions are correct.
Why is keeping money in a bank safer than at home?
What is banks protect money from theft or loss.
What can happen if expenses are greater than income?
What is a person in debt.
It helps people work together effectively to complete tasks.
What is teamwork
They may struggle financially later in life.
What is someone who does not prepare for retirement?
Extra pay earned for working additional hours.
What is overtime pay?
You spend more money than is available and may pay fees.
What is an overdraft
Avoid unnecessary spending, create a budget, save part of income, etc.
What is a smart way to save money.
Responsible workers complete tasks correctly and on time.
What is responsibility
It helps people prepare for future expenses and goals.
What is long-term financial planning