Taxes
Money you earn through working.
What is income?
A set amount you plan to spend or save.
Daily services that everyone uses.
What are utilities?
How many hours of sleep you need per night
What is 7-10 hours
Money the government takes out of your paycheck.
What are taxes?
Regular costs that do not change.
What are fixed costs?
Common utilities that are used (5 options).
What is electricity, water, sewage, trash, and wifi.
The minimum number of times to shower per week.
What is 4 times a week?
The final amount of money you take home after taxes.
What is net pay?
Regular amounts of money that can change.
What are flexible expenses?
Rent is (typically) due this often.
What is monthly rent?
The number of times you should complete laundry a week.
What is 1 time?
The total amount of money you make before taxes.
What is gross pay?
This is a fund you keep for emergencies.
What is an emergency savings account?
This protects the renter if damage is to occur to the apartment.
What is the maximum amount of screen time you should have per day?
What is 3-4 hours a day?
Money that the government takes and places towards your future retirement or for individuals with disabilities.
This is a fund that you keep for the future.
What is a savings account or retirement account?
What is 1 time per week?
What is 1-2 times per day?