Money Matters
When quitting a job, what is generally the appropriate length of notice? How many weeks should you give work before your last day.
Minimum of 2 weeks
Explain why SummitView may ask their clients to complete rotating chores on a weekly basis?
You're cooking pasta and the water starts flowing over and onto the stove. Why did this happen? How do we fix this?
The heat is too high. Lower the heat and move the pot if safe. Monitor the flow after.
Your friend gives you advice about legal, financial, or health issue. Should you follow it? Why or Why not?
No, even though your friend can be trusted and smart, it is always best to verify the important information first with a reliable/qualified source
Why may it be a bad idea to grocery shop while hungry?
When you are hungry while grocery shopping, it becomes harder to stick to your budget and focused on priorities. Hunger can make impulse purchases and unnecessary snacks more tempting.
What is an emergency fund?
Money you should set aside for unexpected expenses and emergencies.
examples) medical expenses from an injury, losing your job, car accident
You're faced with a problem you've tried to solve twice now, and nothing has worked. What should you do next?
Stop repeating the same approach. Step back and reassess the problem, considering another strategy, and/or asking for help.
Name three foods that can provide good proteins.
Eggs, chicken, beans, meat, fish, tofu, nuts, etc.
What is the difference between a "use by" date and a "best by" date?
Use by dates are labels for foods that are recommended to be thrown out after due to potential side effects and going bad.
Best by dates are labels for foods that are recommended to eat before, and may not taste as good or fresh after. This food is still safe to eat, but may not be as fresh and tasty. You still need to do basic checks on it.
You have five things to do today but only have enough time for three. How do you decide priority of what comes first?
Consider urgency, consequences, deadlines, and importance.
Whenever you get a paycheck from work, there are federal tax deductions made. Which one of these is not a federal tax all employees have to pay?
A) Social Security C) Federal Income Tax
B) Medicare D) Disability Insurance
D) Disability Insurance is an optional insurance for employees to pay plan with employer.
Your smoke alarm starts beeping every few minutes. What may be causing this?
Low battery, malfunction, or another issue. Check alarm instructions and replace battery if needed. Do not ignore it.
You cook chicken for dinner and have leftovers. What should you do with them after eating?
Quickly refrigerate them in a container and put into refrigerator instead of leaving them out for hours.
You're at work and your coworker is being rude to you. What could you do?
Stay professional, and set a boundary. Communicate calmly and seek appropriate help if necessary.
You have a problem and you're angry. Why might it be useful to utilize your skills and calm down before deciding what to do?
Strong emotions can make it difficult to think clearly and consider consequences.
What are the four walls of finance that is required to be funded before others?
Food
Utilities
Shelter
Transportation
You smell gas in your home. What should you prioritize doing?
Leaving the building immediately and contact emergency services/gas company. Do not use any flames or electrical switches.
You have $30 to buy food for three days. What kind of foods should you prioritize?
Filling, nutritious staples and ingredients that can be used in multiple meals
Your roommate keeps using your belongings without asking. What is a healthy first step to take?
Calmly communicate your boundary and ask them to stop.
You feel overwhelmed because you have work tomorrow, an appointment, laundry everywhere, no food, and a friend wants to hangout.
Prioritize responsibilities and basic needs. Break up tasks into manageable steps, communicate as needed, and make time for social activities when feasible.
In the 50/30/20 rule for budgeting, categorize which one is for Needs, Wants, and Savings.
50% - Needs
30% - Wants
20% - Savings
Talk with your roommate about rent, and the situation. Get in contact with landlord and others for support if roommate is refusing to pay.
You come home and find out you have nothing to eat for tomorrow. You have $8, and only a microwave and refrigerator. What factors should you be considering when choosing what to buy for tomorrow for food?
Cost, preparation time, nutrition, portion size, storage, and whether you have what you need to prepare it.
examples--
You have three problems at once: you're out of clean clothes, you're almost out of food, and you have work tomorrow. What should you deal with first, and why? What is your plan
Answer varies
Name three things you should consider when deciding whether you can afford an apartment.
Rent, utilities, food, transportation, phone/internet, deposits, emergencies, other bills, etc.