Wages describe what you earn on an annual basis

Salary describes what you earn on an annual basis

Wages mean you have a standard amount in each paycheck

Salaried employees are likely to be paid for overtime

Gross income and net income are the same

Net income is sometimes called "take home pay"

Gross income is the total amount earned before deductions

Net income is the total amount earned before deductions

Gross Pay

Net Pay

Your Role/Title

Local Tax

Renter's Insurance

Application fee

Application deposit

Apartment hunting expenses

Finder's fee

Application fee

Security deposit

Renter's insurance

7-12%

10-15%

15-20%

25-30%

A friend slips and twists his ankle in your living room

Your apartment is broken into and your laptop is stolen

A fire destroys 80% of your belongings

Your apartment is flooded, destroying your furniture

Get a vehicle history report

Have a mechanic inspect the car after you buy it

Skip the test drive; you have time after you buy it to drive

But a certified, pre-owned car from the dealer

License and Registration fees

Gasoline

Utilities

Insurance

Public transportation infrastructure does not exist

The walking score in his city is high

He only has his driver's permit

There are numerous car dealerships in his area

5-10%

15-20%

25-30%

35-40%

Decide what she will make for dinner that same day

Go to the grocery store with a list

Go to the store whenever she needs 1-2 items

Keep staple foods (e.g. beans, rice) readily stocked

Unit prices can help you compare the prices of similar items

Unit price labels are universal throughout the country

It's easy to compare quantities on a unit price label

All states require unit price labels

18oz / $4.99

9 oz / $2.50

$4.99 / 18oz

(18oz) x ($4.99)

About $1.50

About $2.50

About $3

About $3.50

Jabar will likely have to pay $0 towards his medical costs

Jabar will likely have to cover 100% of his medical costs

Jabar will likely owe a portion of his medical costs

Having health insurance makes no difference

The cost you and your insurance share

The amount your insurance pays before you pay

The discount you get on your health insurance every year

The amount you pay before your insurance begins to pay

You'll pay more in interest over time

You can manage your money more easily since you're making just one payment

Your monthly payment may decrease

Your interest rate is guaranteed to decrease

50% Needs, 30% Wants, 20% Savings & Debt Repayment

50% Wants, 30% Needs, 20% Savings & Debt Repayment

50% Savings & Debt Repayment, 30% Wants, 20% Needs

50% Needs, 30% Savings & Debt Repayment, 20% Wants

"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!"