KNOW YOUR PAY STUB
True/False: Your pay stub will ALWAYS have your name and your employers name on it
What is "true"
*Bonus - 50 pts* You enroll in this at work so that your check from your employer goes right into your bank account.
What is . . . Direct Deposit
Different ways to pay a bill... (give at least two)
"what is online"
"auto pay from bank account"
"what is cash drop box"
"what is through an app"
"what is mail a check"
"what is call and pay over phone"
DO OR DON'T
Plan your spending before the money arrives.
What is "DO"
Two types of accounts you should have with your bank
What is . . . checking account and savings account
What does YTD stand for
What is Year-to-date
You are supposed to get paid $15 an hour and this pay period you worked 35 hours. You were counting on $525 hitting your bank account today, but instead your pay stub says you earned $399. You told your Successful Futures Specialist this and they told you your pay stub is correct, BUT HOW?
What is "taxes and deductions get taken out of every check"
All of your bill are due the first week of every month, your budget can afford these expenses, but you are still struggling to pay. What do you do?
What is . . . call a couple of the companies and ask if you can change your billing cycle. Answers may vary . . .
DO OR DON'T
List out a plan of expenses and income for the month.
BONUS 100pts- This is called a _____.
What is "Do"
BONUS - What is "Budget"
*100 points for correct bonus answer*
Feature that allows you to move money from checking account to savings account.
What is . . . Transfer
You just got your paystub and you notice there are missing hours causing your paystub to be lower, what should you do?
What is notify your boss/finance department ASAP
Some companies pay their employees weekly, some pay their employees monthly. Your employer just told you that you get paid "Biweekly", this means that....?
What is "get paid every other week"
*Will also accept - What is "twice a month"*
You rent an apartment, what are 4 utility bills you have to budget for each month?
*Answers will vary, MUST SAY 4!!!*
-gas, electric, water, trash service, wi-fi, renters insurance, sewer fee, *and other reasonable/justifiable answers*
Do or Dont
Your friends are investing money through some app on their phone, they tell you to you would be dumb to not do it.
What is . . . DONT
Well, you can but educated yourself as much as possible before investing your money into anything!!!
There are charges on your statement that you did not buy/purchase. You suspect fraud, so you use this feature immediately.
What is . . . Lock your card / call your bank to freeze your card. Talk to your bank about next steps.
True/False: There will always be at least four different tax withholdings on your paystub.
* BONUS - CAN YOU LIST THE WITHHOLDINGS?
What is True
*50 BONUS POINTS FOR EACH THEY CAN LIST*
Social Security, Medicare, State Taxes and Federal Taxes.
You have a pay day coming up but notice it falls on a holiday, when will you get paid?
What is The business day before the holiday
Two ideas for keeping track of when bills are due....
*Bonus- can you list more than two ideas?
*ANSWERS WILL VARY*
What it "right down payment due dates in agenda"
What is "set reminders on your phone"
What is "hang bills that are due on the fridge"
What is "enroll in automatic payments"
*50 BONUS points for each (after listing 2)
DO OR DON'T
Sign up for a credit card, start building credit by charging it once or twice a month for small expenses (i.e.- Gas) and pay it off each month.
What is "DO"
The _____________ and the ______________ are two numbers associated with your specific bank account. You should keep these private.
What is . . . Account and Routing Number
Definition - "the total amount that you earned on your pay stub before any deductions have been taken out"
What is "gross pay"
Definition - "the actual amount of money you have earned, after withholdings and taxes have been taken out"
What is "Net Pay"
This is a three-digit number that rates your creditworthiness. This number is based on your credit history, which includes information like the number accounts, on time or late payment histories, and other factors.
What is "a credit score"
Do or Don't
Check on your finances and budget regularly. Money/income/expenses are ever changing.
What is Do!
*BONUS - Extra 100pts* Occurs when money is withdrawn from the bank account and there are not sufficient funds to cover it. Because of this you are charged an __________ ____.
What is . . . Overdraft fee