Budgeting 101

Front

How do wages and salary differ?

Back

Salary describes what you earn on an annual basis

Front

Which of the following may NOT always appear on your paycheck stub? Gross Pay, Net Pay, Your Role/Title, Local Tax

Back

Your Role/Title

Front

Which of the following is NOT a cost of owning a car?

• License and Registration fees
• Gasoline
• Utilities
• Insurance

Back

Utilities

Front

How would you calculate the unit price of an 18oz box of cereal that costs $4.99?

Back

$4.99 / 18oz

Front

6 cans of tomato soup cost $14.99. What is the unit price?

Back

About $2.50

Front

How does having health insurance help you if you broke your leg while riding your skateboard?

Back

You will likely owe a portion of your medical costs.

Front

What is a deductible?

Back

The amount you pay before your insurance begins to pay

Front

Which of the following is an example of buying something you NEED?

• "I want to replace something that is no longer working."
• "I want to impress someone/ change how they feel about me."
• "I'm feeling down, and I need to boost my spirits."
• "I don't want to miss out on these deals during the sale!"

Back

"I want to replace something that is no longer working."

Front

YOUR monthly budget should be calculated using which income?

Back

should be based on your Net income

Front

The 1st category on your monthly budget.

Back

#PayYourselfFirst: