Principles of Human Services- Money Matters

Why does Money Matter?

• Money matters so you can buy whatever you want

• Learning to budget money matters so you do not have to live with financial stress that causes health issues, marital problems and debt

• Learning to budget money matters so you can own more things

• Money matters because we all want to be rich

Your Salary is...

• How much you get paid for the year for your job, usually monthly, regardless how many hours you work

• How much your check is

• How much you hope to get paid

• How much google says that job pays

What is the importance of saving money?

• Saving money allows you to buy whatever you want

• Saving money helps you to achieve financial security and reach your financial goals

• Saving money is not important

• Saving money helps you to show off your wealth

Why is it important to have a budget?

• Having a budget helps you to spend money without any control

• Having a budget helps you to track your expenses and ensure you are not overspending

• Having a budget is not important

• Having a budget helps you to show off your financial status

Why is it important to have an emergency fund?

• Having an emergency fund helps you to spend money without any control

• Having an emergency fund helps you to be prepared for unexpected expenses and financial emergencies

• Having an emergency fund is not important

• Having an emergency fund helps you to show off your financial status

If an apartment is charging you rent of $750 and the apartment is 900 sq ft,

how much are they charging you

per square foot?

(a)  

What is the "golden rule" when it comes to your budget?

• YOLO

• Live Within Your Income

• Live Outside of Your Income

Can you get arrested for bouncing checks in Texas?

• Check bouncing is theft and is punishable by up to 2 years in prison and a 10,000 fine

• Check bouncing is not a crime

• You can fined but not arrested for bouncing checks

• No because it's not a legal financial document

Steps to correctly writing a check:

• 1. 1-Write the date

  2. 2- Write to who you're paying

  3. 3- Write the amount

  4. 4-Write amount in words

  5. 5-Write the memo

  6. 6-Sign your name

• 1- Write the date

  2- Write to who you're paying

  3-Write the amount

  4-Sign your name

• Steps aren't important just sign your name

• 1-Write any date

  2-Write to who you're paying

  3-Write the amount

  4-Write amount in words

  5- leave blank

  6- Print or sign name

What is the difference between gross salary and net salary?

• Gross salary is the amount of money you earn before deductions, while net salary is the amount you receive after deductions.

• Gross salary is the amount of money you receive after deductions, while net salary is the amount you earn before deductions.

• Gross salary is the amount of money you earn after deductions, while net salary is the amount you receive before deductions.

• Gross salary is the amount of money you receive before deductions, while net salary is the amount you earn after deductions.