Buy, Buy, Buy!
Rent, groceries, and utility bills are these types of expenses.
Hint: wants or needs?
What are needs?
These are examples of financial institutions where you can store your money.
What are banks and/or credit unions?
These are examples of places/people/services where it is appropriate to leave a tip.
What are restaurants, bars/coffee shops, Uber/Lyft, salons, and many more?
This is the amount you are paid after taxes and deductions are subtracted from your paycheck.
What is net pay?
Games, music, and junk food are examples of these types of expenses.
Hint: wants or needs?
What are wants?
This type of account is where you can store/save your extra money.
What is a savings account?
This is the amount of your tip if you want to tip 10% on your $16 bill.
What is $1.60?
This is something you create by estimating your income and expenses. Sticking to it can help you make responsible choices with your money.
What is a budget?
These type of expenses usually cost the same amount of money every month, such as a Netflix subscription or your rent.
What are fixed expenses?
This type of account is used for daily purchases and comes with a debit card.
What is a checking account?
These are examples of places/people/services where you would probably not be expected to leave a tip.
What are medical appointments, teachers, Metro rides, fast food restaurants, and many more?
This is the amount you are paid before taxes and deductions are subtracted from your paycheck.
What is gross pay?
These type of expenses usually vary in cost each month, such as how much you spend on groceries or entertainment.
What are variable expenses?
This type of financial institution is similar to a bank, but is a not-for-profit (or nonprofit) institution.
Hint: this may also be in an answer to a different question.
What is a credit union?
This is the amount of your tip if you want to tip 20% on your $16 bill.
This is where you set aside money for unexpected expenses. It is typically recommended you have one that can last you between 3 and 6 months.
What is an emergency fund?
This type of purchase is one you don't plan for, but buy because you really want to in the moment.
What is an impulse purchase?
This type of account is like a cross between a checking and savings account--it usually pays more interest but may limit your withdrawals.
What is a money market account?
This is the amount of your tip if you want to tip 15% on your $16 bill.
What is $2.40?
You should receive one of these with each of your paychecks. It contains information like how many hours you worked, your rate of pay, and the amount of taxes/deductions subtracted from your paycheck.
What is a pay stub?