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Transcript of Financial Planning. Income Minimum Wage - $ 8.10 hourly Associates Degree – $ 40,000 Bachelor...
![Page 1: Financial Planning. Income Minimum Wage - $ 8.10 hourly Associates Degree – $ 40,000 Bachelor Degree – $ 50,000 Masters – $ 45,000 - $ 85,000 Doctorate.](https://reader037.fdocuments.in/reader037/viewer/2022110402/56649e455503460f94b392a8/html5/thumbnails/1.jpg)
Financial Planning
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Income•Minimum Wage - $ 8.10 hourly•Associates Degree – $ 40,000•Bachelor Degree – $ 50,000•Masters – $ 45,000 - $ 85,000•Doctorate – $100,000 - $ 250,000
![Page 3: Financial Planning. Income Minimum Wage - $ 8.10 hourly Associates Degree – $ 40,000 Bachelor Degree – $ 50,000 Masters – $ 45,000 - $ 85,000 Doctorate.](https://reader037.fdocuments.in/reader037/viewer/2022110402/56649e455503460f94b392a8/html5/thumbnails/3.jpg)
BillsWhat are different bills
you may have to pay when living on your
own?
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Reality CheckMinimum Wage -- $ 8.10 hourly
Yearly $ 16,848 Taxes $- 4,212
Yearly – $ 12,636
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Reality CheckMonthly Budget
• Rent (water included) - $600 - $800 monthly• Renters Insurance $126 (yearly)• Gas and Electric $40 - $160 monthly• Home Phone $24• Cable/Internet - $ 79 - $130 monthly (Just internet $15)• Cell Phone $50 - $100 monthly• Groceries $ 80 - $120 monthly• Entertainment $ ??• Bus $ 430 yearly (work and back) • Gas $100 monthly / Auto Insurance $80 / Car Payment $120 - $400• Health Insurance $100• Other $ ??
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Income•Minimum Wage - $ 8.10 hourly•Associates Degree – $ 40,000•Bachelor Degree – $ 50,000•Masters – $ 45,000 - $ 85,000•Doctorate – $100,000 - $ 250,000
![Page 7: Financial Planning. Income Minimum Wage - $ 8.10 hourly Associates Degree – $ 40,000 Bachelor Degree – $ 50,000 Masters – $ 45,000 - $ 85,000 Doctorate.](https://reader037.fdocuments.in/reader037/viewer/2022110402/56649e455503460f94b392a8/html5/thumbnails/7.jpg)
Writing a Check
What would you need to write a check for?
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Check Writing• Checks include the following information:
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Check Writing• DATE: Include the month, day and year you are writing the check.
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Check Writing• PAYEE: Write the name of the person or business on the line, “Pay to
the order of.”
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Check Writing• AMOUNT IN NUMBERS: Write the amount of the check in numbers.
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Check Writing• AMOUNT IN WORDS: Write the amount of the check in words.
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Check Writing• SIGNATURE: Sign all checks the way you sign the signature card.
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Check Writing• MEMO: Use the memo area to note the reason for the check.
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Check Writing• ROUTING NUMBERS: The nine-digit string of numbers used to identify
your bank to process the transaction
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Check Writing• ACCOUNT NUMBER: The number used to identify your unique
account within the bank.
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Check Writing• CHECK NUMBER: The number used to identify a specific check within
the sequence of the register. It usually includes 3 or 4 digits.
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Check Writing• TRANSIT NUMBER: Used to list checks for deposit.
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Check WritingHow to Write Checks: You should fill out the following 6 items.
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DATE: Include the month, day and year you are writing the check.
09/15 06
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PAYEE: Write the name of the person or business on the line, “Pay to the order of.”
09/15 06
Athletic Shoe Company
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AMOUNT IN NUMBERS: Write the amount of the check in numbers.
09/15 06
Athletic Shoe Company 55.63
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AMOUNT IN WORDS: Write the amount in words. Start at the left, write any cents as a fraction, and draw a line in the extra space.
09/15 06
Athletic Shoe Company 55.63Fifty-Five and 63/100 ----------------------------------------------
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SIGNATURE: Sign all checks the way you sign the signature card.
09/15 06
Athletic Shoe Company 55.63Fifty-Five and 63/100 ----------------------------------------------
George Washington Doe
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MEMO: Use the memo area to note the reason for the check.
09/15 06
Athletic Shoe Company 55.63Fifty-Five and 63/100 ----------------------------------------------
George Washington Doe
Running Shoes
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Check Register: Don’t forget to balance your checkbook by filling out the check register.