Financial Wants
What is a want?
Something that you would like to have, but you don't need.
What is a need?
What is a debit card?
A card that gets charged right after you swipe and it comes from your account.
What is a growth mindset?
Thinking positive
Dress pants and dress shirt
What is an example of a want?
What is an example of a need?
Food, clothes, water, shelter
What is a credit card?
A card that you use to buy something, but you have to pay back because it's not your money.
What computer program do most companies use?
Microsoft
what is the point of a resume?
"t's a concise document that highlights your skills, experience, and accomplishments to potential employers, and helps them decide if you're a good fit for the job"
What is a budget?
How you plan to spend your money.
The price you pay to borrow money or the cost you charge to lend money.
What is Interest?
How do you pay a credit card back?
Write a check, call, or go to the bank.
What are two components of a resume?
What is the first thing you should do when you walk into the interview?
Shake their hand
Banks offer services that have to do with money. Name two services banks provide that deal with money.
Savings account, checking account, loans, debit and credit cards
You have been accepted by the bank and now have enough money for your new car. You still have a responsibility to the bank. What is that responsibility?
You have to pay the bank back since it wasn't your money to begin with. You borrowed it.
What is New York Cities minimum wage?
$16.50
What is a fixed expense?
A fixed expense is a cost that remains consistent from month to month
The process of connecting with professionals and others to share information and opportunities
You want to go to college but you do not have enough money. What do you need to apply for?
A loan
If you are borrowing money, would you prefer a high or low interest rate? Explain.
Low, as you will end up paying less money in interest as you repay the borrowed money.
Name two things that get taken out of your paycheck at the end of each pay cycle?
federal income tax, state income tax, Social Security tax (FICA), Medicare tax, health insurance premiums, retirement plan contributions (like 401(k))
What are the pros and cons of college?
Higher earning potential: College graduates can earn more than high school graduates, and have more job security vs. Cost: College can be expensive, and students may incur student loan debt.
What should you do at the end of your interview?
Email them thanking them for giving you an interview