Financial Unit

Index Pay stubs Taxes Savings Needs vs wants Banks Credit Card Sources -Write all your answers in blue font -Every question must be answered well if you want higher then a 6. -If you do not want to strive for a 7 or 8 do not do the questions in green font Pay stubs pg 3 (must do), pg 4 (extra) Taxes pg 5 (must do) Savings Pg 6 (must do) Needs vs wants pg 7 (must do) Banks pg 8-9 (must do), pg 10 (extra) Credit Card pg 11 (must do), pg 12 (extra) Sources pg 13

Pay Stubs Why should you always check your pay stub after you get it? Name 3 deductions that your employers takes off you pay stub for the government.

Pay stubs continued Name 3 other deductions you may see on a pay stub. Give examples of why, or what kind of jobs will have these.

Taxes How much money do you have to make to get taxed by the government?

Savings Why is it important to pay yourself first by investing a small percentage of your income before spending it?

Needs Vs Wants What is the different between a need and a want? 3 examples of Needs you have in your life 3 examples of Wants you have in your life

Banking Which services will be most useful to you when you leave secondary school? Which financial institutions offer the best interest rates? (pick one type of account and compare 3 banks interest rates.)

Banking con. Which institutions offer student loans? (at least 3) Which institutions offer free services or reduced charges for students or youth?

Comparing two Banks

Credit Cards When should you pay your Credit Card bill, and why?

Credit Card Options Credit Cards Advantages Disadvantages