Feed Block Archive

Quizlets: https://quizlet.com/class/2083758/

Use this video to catch up on your notes. Video attached or use link:

https://youtu.be/fphf26tfj0k

https://goo.gl/wNe2nU

You'll watch this with the sub tomorrow.

So the good news is that your roommates did pay PART of their rent. Whew. The bad news is they didn't pay all their share, so you'll still need to cover more than you would have normally.

The Challenge ends on December 17th, so the end is in sight! Before then you'll HAVE to pay your rent, car insurance bill, credit card bill, and cable bill.

(You'll get a bill for your utility bill but it won't be due until after the challenge has concluded.)

Be sure to keep your participation up, pay what you can, and take whatever remaining quizzes there are. There's still time to get that engagement score up!

Link to Kahoot: https://play.kahoot.it/#/k/8efea141-baea-4386-a347-ac4d54ea8fd7

Vocab Quizlet: https://quizlet.com/_1rxuie

Interviewing video playlist: https://www.youtube.com/playlist?list=PLLXr-rG6_iRwrzTHJC_I_x2T31Wt8dwWU

and of course... read chapter 6 & 7! http://connect.mheducation.com

CFM5: Thursday, November 30

CFM3, CFM7, CFM8: Friday, December 1

So... we've had our first "unexpected event". If you never paid your renter's insurance bill, you're going to have to buy yourself a whole new laptop, is my guess. Regardless, the renter's insurance has a $500 deductible, which means that even if you have the better "replacement value" renter's insurance, you're still going to have to pay the first $500 of the cost of the new laptop. Bummer.

Anyway, there's a new quiz, as usual for this week, but I decided to be a dear and give you the answers. Pay attention, they flip around the orders on stuff so make sure you actually read the questions and answers before you make your selection!!

Hey all, thanks for getting in resumes and letters. If you think you sent it to me but you still have a zero - send it again and make sure you're sending it to the correct email address:

LSVARA@NANUETSD.ORG  -- note there is NO dot between L and SVARA -- and it ends in .ORG, not .NET

If you do have a grade and it's not 100%,  your actual work was most likely just fine. You either did not use the correct email address when you sent the letter, and/or the subject of your email did not include your name and period number and just said something like "resume". The instructions specifically requested a certain format ("CFM5 - Jones - Resume" for example) and gave you the acceptable email address, and I specified that not following those directions would results in points lost.

If you were applying for a real job, and you couldn't type in an email address correctly or following simple instructions about how to word your subject line, you're already probably not going to get the job. That attention to detail (or lack thereof) can make or break your application. Even if you think "Ehh, good enough" the person on the receiving end of your email may strongly disagree with you.  If someone takes the time to say "please do it this way" it is both careless and disrespectful to disregard their instructions and does not paint a positive first impression for you.

Chapter 3 quiz on Tuesday - make sure you are familiar with vocabulary and that you can describe what O*Net is.

Will hand out a review assignment on Friday which will will go over on Monday, Test on Tuesday. True/false, multiple choice, a couple short answer questions.

1. Car insurance is legally required in all 50 states. If you don't pay your insurance, your policy gets canceled by the insurance  company and, without insurance, you are driving illegally. And you also lose the financial protections that insurance gives you if you get into an accident.

2. The deductible is what you have to pay if you get into an accident to get your car fixed. If you don't pay it, your car doesn't get fixed.

3. If you use a bank loan to buy a car, or lease the car (basically, renting it long-term) the bank or financing (leasing) company will require that you carry more insurance protection, which will make your insurance more expensive. When you buy your car with cash, you have the option of having much less insurance coverage which will save you money on your car insurance.

4. In an accident, if you are at fault, your insurance covers the full amount of repairing the other person's car. The deductible is only required to fix your own car. The premiums you pay do not count into the cost of an actual accident.

5. The reason people have insurance is to avoid the high cost of unexpected emergencies. An emergency fund can also be beneficial if an unexpected expense arises.

6. You can get into a crap-ton of trouble for not driving without insurance. Points on your driving record, increased insurance cost (or being denied coverage altogether by some companies), you can lose your license, and even be charged with a crime where you'd have to pay fines and do community service as punishment.

The simulation is basically punishing you for having too high of a balance on your credit card. Even though you have a $1000 credit limit, in real life, having too high of a balance has a very bad impact on your credit score and can affect your ability to get a loan or other financing. So anytime your credit card balance is over $500 you will be charged that penalty. Get your credit card below $500 to avoid it.

1. When you contribute more to your 401k, you don't have to pay as much in federal income taxes.

2. Your 401k is taken out of your gross pay, so that doesn't change. Your NET pay will change.

3. Convert .03% (which isn't an unusual interest rate for a savings account at a bank) to a decimal - that makes it .0003. Divide $10 by .0003, to find out how much money you'd need to have on deposit for a year to earn $10. 

4. The person who received the bad check and tried to cash or deposit it would be charged a "returned check fee" but the person who wrote the check - the issuer - would be charged a non-sufficient funds fee.

5. The person or company who received that bad check would turn around and charge the issuer a returned check fee, which is probably more than the fee that the bank charged them, to cover their own trouble for dealing with the bounced check.

6. A 'smooth' cash flow means you get an influx of cash as often as possible, so the pay frequency that is the MOST frequent will provide the smoothest cash flow.

If you didn't finish the quiz or would like to redo it, the URL is goo.gl/voerd9

Answer all the questions about your type. Spend a little time reading about it, I think many people will find it very interesting. The worksheet you need to complete is attached if you've misplaced it.

Get occasional reminders and other messages directly to your cell phone. Be able to message Mrs. Svara if you have a question or issue. Free service that most students find very useful.

Send a text to: 81010

With this message, based on your period:

Period 3: @nanuetcfm3

Period 4: @nanuetcfm4

Period 7: @nanuetcfm7

Period 8: @nanuetcfm8

Use the URL http://hrblock.budgetchallenge.com

If you have not yet registered and have not registered by 9 pm Thursday evening, you will need a new registration code as of Friday. Please see me.

- Mrs. Svara