First Job
What is the paper you fill out so your job can pay you?
W-4
Is eating out every day a HIGH or LOW spending habit?
High
What is rent?
Money paid to live somewhere
What are taxes?
Money taken out of your check by the government
What is a credit card?
Borrowed money you have to pay back
What is the difference between gross pay and net pay?
Gross= Before taxes , Net= After taxes
Cooking at home vs fast food - Which is cheaper?
Cooking at home
Name 2 monthly bills besides rent?
Utilities, phone, internet, car note, etc.
Do you get your full paycheck or is money taken out?
Money is taken out
What happens if you don't pay a credit card bill?
Interest and your credit score drops
If you late to work often, what could happen?
You could get written up or fired
You spend $15 a day on food. How much is that in 5 days?
$75
What is a lease?
A contract to rent
What is a W-2?
A form that shows how much money you made in a year
What is credit?
A number that shows how well you handle money
Why is it important to track your work hours?
To make sure you get paid correctly
Buying snacks every day vs once a week - which saves more money?
Once a week
Should you pay rent or go shopping first?
Pay rent
Why do some people get a tax refund?
They paid too much taxes
What is interest?
Extra money you pay when borrowing
You get your first paycheck. Name 2 smart things to do before spending it?
Save money, pay bills, make a budget
Why can small daily spending become a big problem?
It adds up over time
What happens if you don't pay rent?
What can happen if you don't file your taxes?
Penalties, fines, or trouble
Why is good credit important?
Helps you get apartments, cars, houses, etc.