Luxury vs Necessity
Which of the following is a luxury item:
Cable TV Rent
Hamburger Housephone/landline
Cable TV
Your car has a 15 gallon gas tank and gas costs $2.86 per gallon.
How much would it cost for you to fill your empty gas tank?
$2.86 x 15= $42.90
What document do you fill out when you are applying for a job?
A job application
Your apartment has an area of 526ft2.
Your most recent heating bill was $102.84.
Calculate the cost of heating per ft2.
(Round your answer to the nearest hundreth)
$102.84 / 526 = $0.195
(Rounded answer) $0.20 per ft2
Steve earns a paycheck each Friday in the amount of $313.86.
How much would he earn in a month?
$313.86 each week x 4 weeks = $1255.44 per month
Which of the following is a necessity item:
Cellphone Netflix
Jeans Cheetos
Jeans
You load up your CHARLIE CARD with $20 in preparation for a day trip into Boston with your friends.
If each ride on the T costs you $3.25, how many rides can you take before you will be out of money on your card?
$20/3.25= 6.15
6 trips
What is the name of the document that you provide to a potential employer that gives them a "snapshot" about who you are?
A resume'
Calculate the overall grocery bill:
ramen noodles- 4 packs ($0.50 each)
hamburger - 1 lb ($3.49)
hamburger buns - 1 package ($2.98)
cherry tomatoes- buy 1, get 1 free ($3.26 each)
milk- 2 quarts ($2.89 each)
Grocery bill:
4(.50)= 2.00 . 2.89(2)=
2.00 + 3.49 +2.98 + 3.26 + 5.78 = $17.51
Mike earns a paycheck every other Friday in the amount of $941.58.
How much would he earn in 2 months of working?
$941.58 x 2 = $1883.16 per month
$1883.16 x 2 = $3766.32 after 2 months
Sort the following into "luxury" and "necessity":
Cellphone Redbox Nike Air Max
Take out food Spaghetti Sunscreen
Medication Student loan payment Rent
Luxury: Necessity:
Cellphone Spaghetti Rent
Redbox Sunscreen
Nike Air Max Medication
Take out food Student loan payment
A 7-Day MBTA Pass is: $21.25
A Monthly LinkPass is: $84.50
Which is a better deal if you commute into Boston daily?
How much do you save?
A 7-Day MBTA Pass $21.25 x 4=$85.00 for a month
A Monthly LinkPass is: $84.50
The Monthly Link Pass is a better deal, it saves you $0.50 each month.
What is the name given to the people that will speak positively on your behalf to a potential employer to assist you in getting a job?
References
Maggie has 1 dog and 1 cat that live with her.
Maggie buys a 20lb bag of dog food each month for her dog, Zippy.
If there are 30 days in a month, how many pounds of food does Zippy eat each day?
30 day / 20lb = 1.5 lbs of food per day.
Maggie earns $3766.32 a month before taxes (net).
If 25% is removed from her check each month to pay for her health insurance, social security and taxes, what is her take home pay (gross) each month?
[net pay - gross pay = take home pay]
$3766.32 (.25)= $941.58 (amt. removed)
$3766.32-941.58 = $ 2824.74 take home pay/gross
You are having a birthday party and your parents have told all of your friends to only buy you gifts that are "necessities." If anyone doesn't follow the rule, you will need to donate that gift to a charity.
Which of the following would you be able to keep and which will you have to donate?
Drone Books Shampoo
Giftcard to Target Sandals Xbox game
T-shirts Monopoly Kindlefire
Bath&Body body wash and lotion set
Keep: Donate:
body wash & lotion set Kindlefire
shampoo books
Target Gift card X box game
t-shirts Monopoly
sandals drone
A 7-Day MBTA Pass is: $21.25
A Monthly LinkPass is: $84.50
A daily bus pass costs $2.25 per trip (your commute would require 3 stops to get to work, and 3 stops to get home)
Which is a better deal if you commute into Boston 5 days a week?
How much are you saving
A 7-Day MBTA Pass $21.25 x 4=$85.00 for a month
A Monthly LinkPass is: $84.50
Daily bus pass $2.25 x 6 trips= $67.50
The Daily bus pass is a better deal, it saves you $17.00 compared to the Monthly pass and $17.50 compared to the 7-Day pass.
Name 3 methods you could use to help you search for jobs.
(answers may vary)
Job websites- Monster.com, Indeed.com, Schoolspring.com
Sign in store window or on outdoor sign
Newspaper
Word of mouth
Maggie has 1 dog and 1 cat that live with her.
Maggie's cat, dottie, eats 2 cans of wet cat food each day. If it costs her 1.18 per can of cat food, how much will she spend on feeding Dottie during the month of May.
2(1.18)= $2.36 per day
May has 31 days
31($2.36)= $73.16 (cost of cat food for the month)
Carly earns $2879.81 a month after taxes (gross).
If 15% is removed from her check each month and put directly into a savings account, what is leftover for her to additionally spend each month?
$2879.81 (.15) = $431.97 (amount going to savings account each month)
$2879.81- 431.97 = $2447.84 remaining
You are having a birthday party and your parents have told all of your friends to only buy you gifts that are "luxuries." If anyone doesn't follow the rule, you will need to donate that gift to a charity.
Which of the following would you be able to keep and which will you have to donate?
jeans bus pass flat iron
Walmart Giftcard Flip Flops coat
basketball shoes (you are on the team)
Keep: Donate:
flat iron everything else
A Monthly LinkPass is: $85.00
A daily bus pass costs $2.50 per trip
How many stops would you need to make with your daily bus pass to equal the cost of the Monthly Link Pass?
85.00= 2.50X
85.00/2.50 = 2.50X/2.50
34 = X
In what section of the resume might you include information about:
Your ability to speak a foreign language
Special Skills/Talents
Steve's monthly expenses include:
Medication- $40 Food- $250
Bus pass- $25 Rent- $800
Utilities- $150 Cellphone- $35
Internet- $44
Part 1- How much does Steve spend in a month?
Part 2- If Steve earns 786.16 every two weeks, how much money does he have remaining at the end of each month?
Part 1:
40+250+800+35+25+150+44 = $1344.00
Part 2:
$786.16 (2) = $1572.32
$1572.32- 1344.00 = $ 228.32
Sandy earns $1282.76 every two weeks after taxes (gross).
Each week she removes 5% of her paycheck and places in into a savings account. How much money will she have in her savings account at the end of each month?
$1282.76 (.05) = $ 64.13
$64.13 (2) = $128.27 saved per month