Professional Documents
Culture Documents
Good credit is important when renting an apartment because credit cards can be flexible.
?? (Health Insurance provides important financial protection in case you have a serious accident
or sickness. People without health coverage are exposed to debt or even bankruptcy.)
About $3,000.
Seven Years.
Scenario 2: PAYCHECK
Gross income is the amount that a business earns from the sale of goods or services, before
selling, administrative, tax, and other expenses have been deducted, but net income is the residual
amount of earnings after all expenses have been deducted from sales.
Social Security taxes we pay go to Social Security benefits. We pay Social Security taxes based on
our earnings.
Medicare tax withholding goes to pay for the Medicare Hospital Insurance (HI) that youll get
when youre a senior.
How much can a high school graduate expect to earn in your area?
1. Saves time
2. Helps save money
3. No delay in getting your money.
Banzai LS# 3
Scenario 3: Gas N GO
1. Aggressive Driving
2. Driving at higher speeds
3. Cold Weather
4. Towing a trailer/carrying excessive weight
5. Driving on hilly or mountainous terrain
6. Using 4-wheel drive
What is the difference between paying with cash, debit, or credit cards? Discuss the pros and cons of
each form of payment.
Cash-
Pros:
1. Avoid overspending
Cons:
Credit Card:
Pros:
Debit:
Pros:
Cons:
1. If you try to spend more than you have, bank may charge you an overdraft fee.
Banzai LS# 3
Why does the total on the receipt differ from the total amount paid?
Tips or Taxes?
15-20%
What are effective strategies for saving money on groceries (there are 8 strategies)?
These concert tickets were expensive. What are cheaper sources of entertainment in your area?
1. Free museums
2. Read
3. Movies
4. Take kids to the community playground
5. Go to the park
6. Ride a bike
7. Go for a walk
8. Get some friends together
9. Live music
10. Potluck or progressive dinners with friends.
11. Local theater
12. Local historical sites, battlefields, or historic homes
13. Swim
14. Lectures
15. Free magazines
16. City
17. Art galleries
18. The library
19. Craft events
20. The local bookstore
21. Community festivals
22. Parades
23. Holiday celebrations
24. Camp
25. Church
26. Animal shelter
27. Zoo or aquarium
28. Board games, cards, and puzzles
29. Inexpensive hobby
30. Pick/cut your own Christmas tree
31. Farmers market
32. Public gardens
33. Business tours
34. Free/low cost classes
35. Minor league, college or high school sporting events
36. Join a club
37. Listen to podcasts
38. Take the dogs to the dog park
39. Dont overlook the obvious attractions of your area
40. Keep cheap entertainment
41. Go to the mall
42. Recapture childhood with kids
43. Yard sales
44. Write a letter
45. Free computer games
46. Music
47. County or state fairs
48. Video games
49. Local arts center
50. The senior center
51. Know what youve already paid for
52. Volunteer for something you find fun
Banzai LS# 3
What was the impact of going to the emergency room without insurance?
Reduced costs
The balance in the Reserves jar is now negative. What does this mean?
On Banzai: Why are you unable to pay the entire credit card bill?
What are the consequences of not making a payment by the due date?
Youll have to miss your mortgage, credit card, utility, auto loan, cell phone, or student loan payment.
What if you ONLY made minimum payments on the entire $585 balance?
Banzai LS# 10
You write a check for $25.00, but theres only $2.21 in your bank account. What does this mean?
Youll be in debt or have to pay from something else? Or youll get an overdraft fee??
Banzai LS# 11
The person you wrote a check for may charge you a returned check.
Banzai LS# 12
What is a W-4?
What is an ATM?
A machine that dispenses cash or performs other banking services when an account holder inserts a
bank card.
Banzai LS# 14
Lower?
Banzai LS# 15
According to the Banzai scenario Why doesnt the bank statement show all of your checking account
transactions?
Because they werent made on the certain time constraint they show.
Jan 4, Jan 5
Maintaining a paper check register or leveraging mobile and online banking tools.
$6,000??
Banzai LS# 17
Higher-quality food costs more. What are some ways to eat healthily on a budget?
Buy more greens, choose fresh or frozen over canned, or eat it if you can grow it.
Only if you are that hungry, but try to stick to growing vegetables.
Banzai LS# 18
Use Banzai Life Scenario: How was the monthly interest payment on the auto loan calculated?
How long will it take for you to pay off this car, and how much will you be paying in interest over the life
of this loan?
Banzai LS# 19
Banzai LS# 20
Buying clothing is fun, but also expensive. What are ways to get quality clothing for less?
Banzai LS# 21
It can be difficult to eat healthily while traveling. What are ways to avoid eating a junk food during trips?
Banzai LS# 22
Many people are surprised when they see the utility bill for a new home or apartment. How can you
reduce the amount you pay each month?
Banzai LS# 23
Transportation costs (fuel, maintenance, etc.) are among the top expenses for young people. How can
you keep from going broke when you need a car?
Dont use transportation for un-needed things. Use a bike if you want to get to a grocery store, and a car
if the distance is farther.
Banzai LS# 24
Going over your minutes is expensive. How can you avoid that mistake?
Banzai LS# 25
Rolands Bookstore pays you an hourly wage. What other forms of pay can employees receive?
School aid fund, general fund, revenue sharing, transportation fund, and health initiative.
Banzai LS# 27
Uncleared transactions.
Because it is uncleared
Your checking statement says you have $867.40 available in your account. Banzai says you have
$659.80. Which is right?
Banzai.
Banzai LS# 28
You can save a lot later, it saves time and inconvenience when accidents happen, and its typically the
law.
Banzai LS# 29
Scenario 29: Diegos Taco Shop
Compulsion or addiction spending is ruinsome. How much could a bad habit really cost you?
1. Missed work
2. Increased car, health, life and other premium costs
3. Loss of income
4. Medical costs
5. Opportunity costs of life experiences or education lost while spending time searching for and
using drugs or other addictive substances
6. Legal bills or other legal problems
Banzai LS# 30
Use Banzai: Because you made only the minimum payment, there was an interest charge on this bill.
How can avoid this in the future?
Dont overspend.
The total balance on this credit card is $442.42. How long will it take you to pay the card off in full if you
only pay the minimum monthly payment of $20?
22 Months