Budgeting
What is the money you earn from working called?
Income
Accountant
What is a common mandatory paycheck deduction?
Taxes (state, local)
What should you do before clicking a suspicious link?
Verify the source
What’s the purpose of an emergency fund?
To cover unexpected expenses
What’s the difference between a “need” and a “want”?
Needs are essential; wants are optional
What document do you get at the end of the year showing income and taxes paid?
W-2
What is gross income?
What’s a sign of a scam message?
Urgency, threats, or requests for personal info
What’s the first bills you should pay each month?
Your essential needs
What is an example of a fixed expense?
Rent, car payment, insurance
What government agency collects federal taxes?
Name a voluntary deduction from your paycheck.
Insurance, dental, vision, retirement
What should you do if your bank account is hacked?
Contact your bank immediately and freeze your card
You get a $500 bonus — what’s a smart use for it?
Pay down debt or add to emergency fund
What is the 50/30/20 rule?
Spend 50% on needs, 30% on wants, and save 20%
What form do you complete to tell your employer how much tax to withhold?
W-4
If you earn $22 an hour and work 20 hours in one week, how much money did you earn?
$440
You get a text that says “Your bank account is locked—click here to fix.” What should you do?
Ignore and contact your bank directly
Which costs more over time: buying something outright or leasing/renting it over a long period of time?
Leasing or renting is usually more expensive
If your goal is to buy a $1,200 laptop in 15 months, how much should you save per month?
$80
If your annual salary is $48,000, what’s your monthly gross pay?
$4,000
If you earn $800 gross and $640 net, what % went to deductions?
20%
Someone calls claiming to be the IRS demanding payment right now — real or scam?
Scam
What’s a low-risk place to keep your money?
Saving account