Show Me the Money
Joe pays $2,000 towards Social Security and Medicare. His employer pays this amount.
What is $2,000?
You will get charged more if you have this.
What is bad or poor credit?
This is a 10 minute opportunity to have a "sneak-peak" at the weekly quiz. And it is not graded.
What is the weekly pre-quiz, or pretest?
Tell them that they will have to wait 7-10 years before this will drop off of their credit report.
What are derogatory marks?
A car salesperson who receives 20% of the profit on the sale of each vehicle is receiving this employee benefit.
What is Commission?
You are offered a compensation package that includes the following: $60,000 base salary, $2,000 signing bonus, $3,000 health benefits, and a $2,000 retirement plan contribution if you utilize the match. The total value of this job is this amount.
What is $67,000?
This inquiry does not impact your credit score.
What is a soft inquiry?
This was the method used to share our goals.
What is a PowerPoint presentation?
Tell them that if they have more of this, it will help their credit score.
What is the "Total number of Accounts?"
Ted has a bachelor's degree in business. In order to be promoted he would need an MBA. His employer offers to pay for his degree in exchange for his continual work with the company for the next 3 years. This is an example of that benefit.
What is Educational Reimbursement?
You are offered a compensation package that includes the following: $40,000 base salary, $5,000 in health benefits for your family, $300 in dental and vision insurance benefits, $200 in life insurance benefits, and up to a $2,000 retirement plan contribution. The total value of this job offer is this amount.
What is $47,500?
This is often a heavily weighed factor in calculating your credit score.
What are the Percentage of On-Time Payments?
This is the only badge that has been collected for grading.
What is "Developing Self-Awareness?"
Teach them to not give permission for EVERYONE to pull their credit report all the time.
What is a Hard Inquiry?
An employee benefit that provides a bank of hours in which the employer pools sick days, vacation days, and personal days and allows employees to use as the need or desire arises.
What is Paid Time Off (PTO?
Your annual salary is $50,000. Your employer matches up to 5%. If you contribute $3,000 to the account this year, this amount is in the account.
What is $5,500?
These organization keep track of your credit score and reports it to others when they ask.
What are the Credit Bureaus?
This project assignment is due Saturday by midnight.
What is "Creating an Excel Budget?"
Teach them that this might happen if they close their oldest account.
What is "have a negative impact on their credit card utilization or credit score?"
Employers may choose to offer this employee benefit so that employees gain a sense of ownership in the company. Employees feel as though they are not just working for the company, but also for themselves.
What are Stock Options?
Your annual salary is $35,000. Your employer matches up to 3%. Assuming you maximize your contribution, but do not go over the amount the company is willing to match, this amount is in your 401(k).
What is $2,100?
This is determined by how much of your credit you are using.
What is Credit Card Utilization?
These two assignments are due next week.
What is the "Cover Letter" and "Career Prepped Resume"?
Teach them to have their utilization at this percentage.
What is 33%?
Kate met her sales goal and is rewarded by getting to work the 8am - 5pm shift instead of the 11 am - 8pm shift for the month. This is the benefit she received.
What are "Scheduling Changes?"