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Money

This simple graphic shows the number of hours per week it would take to pay for a two bedroom apartment in each of the continental U.S. states.

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You should recognize how difficult it is to save money when your only job(s) pay minimum wage without benefits. What does this help you to realize, understand, and do?

So now you know… you need to save money in order to make money. Before you save the money you make, you need to pay your bills in order to survive. Try this challenge… Play SPENT

  1. What were some of the decisions you needed to make?
  2. What decisions did you make that had a negative impact on you financially?
  3. What decisions did you make
  4. What did you learn when trying to find a place to live?
  5. What sacrifices did you make in order to keep yourself from poverty level?
 The Living Wage Calculator is to provide a snapshot of what it actually costs to survive in counties and cities in the United States. The Living Wage Calculator shows the differences between minimum wages and minimum living wages.

  1. What did you notice about living in Rockland County?
  2. What other expenses does a family have that was not listed?
  3. Compare minimum wage in Rockland to other counties?
  4. Scavenger hunt: Find a job posting in Rockland that offers minimum wage. Determine what type of education and training this job requires.Post your findings to this page.

Please discuss the following questions with your parents:

  1. Do you have a savings account?  If so, where?
  2. What decisions did your parents make when selecting the bank?
  3. What is the annual interest rate on your money?
  4. Are there any hidden charges for putting your money in this bank account?
  5. Is your money growing fast in this account?

 

Let’s play Bank It!

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