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You Got the Job!

You Got the Job!. Now what? Decisions, Decisions, Decisions. . . . Keeping the Job. Employer’s Expectations. Your ExpecTations. Timely Complete expected duties Help contribute to the profit Leadership Reliability Other:. Fair treatment/Respect

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You Got the Job!

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  1. You Got the Job! Now what? Decisions, Decisions, Decisions. . .

  2. Keeping the Job Employer’s Expectations Your ExpecTations Timely Complete expected duties Help contribute to the profit Leadership Reliability Other: Fair treatment/Respect Compensation commensurate to duties fulfilled Pleasant environment Other:

  3. Rewards • Financial • Paycheck • Paper check • Direct Deposit • Types of Pay • Salary • Weekly • Bi-weekly • Monthly • Commission • Hourly • Benefits • Time • Schedule • Vacation days, paid • Sick days, paid • Insurances • Health • Basic • Eye • Dental • Ortho • Life

  4. Managing your Money • 80-10-10 Budget Idea –Wellness, & Growth$$ • Budget • Maintaining Income and Outflow of Paycheck • Managing home finances with work pay • Managing saving and spending for life outside home • Spending • Judging practicality v. frivolousness • Spending – Online Banking Demo, Lafayette Bank http://sitemanager.webbanks.com/bank1068/dbdemo.cfm?order=13 • Saving • Determining future needs and goals for wants • Saving – Online Banking Demo, ING http://home.ingdirect.com/images/demo_osa.html

  5. Checkbook Basics • Use as a hard copy in accordance with your online banking transactions • Overhead Example • Use your worksheet to follow and complete the example for practice • Online Help Pages • http://facs.pppst.com/consumerism.html • FDIC information - http://facs.pppst.com/consumerism.html

  6. Meeting Financial Responsibilities • Taxes • Paycheck • Income Tax Filing to IRS • IRS Website - http://www.irs.gov/ • Property/Home • Product • Expenses – Fixed • Mortgage/Rent • Utilities • Vehicle • Expenses - Flexible • Clothes • Food • Entertainment

  7. Credit • Fees • Fees are always attached • High rates • Weighing Options • Ask – “Do I really need this item now?” • Money outflow compared to money inflow • “Is that really a sale item when paid with credit? You will be paying fees that will increase the price long term.” • Saving v. Spending • Spending – money is traded for item (determine worth analysis) • Saving – money is stored for future use (interest is paid to you as the investor • Invest in different ways • Savings account, CDs, Mutual Funds, Bonds, Stocks

  8. Consumerism • Shop Wisely • Planning ahead • Options • Availability • Cost factors • Needs • Quality for dollar value • Wants • Other:

  9. Field Assignment #6 • Using a Budget is something you will need to be successful financially! • How can you practice this money management? Through a field assignment! • Assignment Description • Assignment Rubric

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