Tips, Sales & Taxes
The general rule for how much to tip.
What is 15-20% for restaurants, taxis, barber, etc?
A plan to make sure you don't spend more than you can afford.
What is a budget?
Mowing lawns, pet sitting, mulching, senior assistance, babysitting.
What are examples of jobs you can get before age 16?
One is the total $ you borrow, the other is % the bank charges you to borrow their $.
What are Loan Principal and Loan Interest Rate?
You pay the vendor from your bank account when you make a purchase.
What is a debit card?
Round up to the next $ when the price ends in .99
What is common sense, or "momma didn't raise a math fool, ad-man"?
Total your current income, then total your current expenses.
What is the first step in making a budget?
Drink water when you go out to eat.
What is one example of an easy way to save $ that adds up fast?
What is interest due?
Bank pays the vendor when you make a purchase, and sends you a bill.
What is a credit card?
An extra 5%(ish) added to your bill by Virginia and/or locality.
What is sales tax?
A car, Philmont, or college expenses.
What are long-term financial goals to plan for in a budget?
$7.25 per hour.
What is minimum wage?
Auto, Student, Personal, Rent-to-Own, Layaway, Home Mortgate.
What are different types of loans?
Establishes a credit history, to help get larger loans later.
What is why to eventually get a credit card?
The total to use when calculating a tip or discount.
What is the pre-tax total?
Assume expenses will be more and income less than you really think.
What is how to create a realistic budget that accounts for unknowns?
The value of a 2-liter bottle filled with dimes.
What is $700?
20% of your yearly income AND 10% of your monthly income
What is the rule of thumb for your total debt limit?
Pay your balance in full every month.
What is how to avoid costly charges when using a credit card?
Just start by moving the decimal one to the left.
What is how to impress your date by quickly calculating a tip or sale price in your head?
The amount you should be saving for retirement in your 1st real job.
What is as much you possibly can?
Social Security and Medicare.
What are (surprise) deductions from your paycheck?
Character, capital, capacity, collateral, & conditions.
What are the factors banks evaluate to approve a loan?
Compare fees, interest rates and other perks.
What is how to shop for a credit card? (Do the math)