https://padlet.com/bmallenmclaughlin01/pon6yw0r6ha5 Made with ♥ en-us 2019-05-01 14:09:35 UTC 2019-05-09 20:37:13 UTC hello@padlet.com bmallenmclaughlin01 https://padlet.com/bmallenmclaughlin01/pon6yw0r6ha5/wish/355796554 Expenses are things we PAY money for. We either need them or want them. Make sure you don't spend too much money on expenses. The amount you pay on expenses can't be more than your income. Some expenses you pay for could be a house, a vehicle, utilities, a car, gas, food, clothing, entertainment, pets, health insurance, student loans and retirement. It depends on your job if you pay for student loans.]]> 2019-05-01 14:12:05 UTC https://padlet.com/bmallenmclaughlin01/pon6yw0r6ha5/wish/355796554 bmallenmclaughlin01 https://padlet.com/bmallenmclaughlin01/pon6yw0r6ha5/wish/355797811 Income is money EARNED from your job or a simple task. You can earn money by doing simple tasks such as chores, your allowance, babysitting, yard work, etc. Your salary from your paying job is money earned over a year.]]> 2019-05-01 14:14:45 UTC https://padlet.com/bmallenmclaughlin01/pon6yw0r6ha5/wish/355797811 bmallenmclaughlin01 https://padlet.com/bmallenmclaughlin01/pon6yw0r6ha5/wish/355801352 Saving money is very important when having a personal budget. You could use saved money for emergencies and many other reasons. You could also use saved money for extra expenses too.]]> 2019-05-01 14:22:35 UTC https://padlet.com/bmallenmclaughlin01/pon6yw0r6ha5/wish/355801352 bmallenmclaughlin01 https://padlet.com/bmallenmclaughlin01/pon6yw0r6ha5/wish/355804076 When spending money it is important to know who has your money and where your money is going. Doing this is as easy as a piece of paper and a pen. This may sound difficult but its not!]]> 2019-05-01 14:28:11 UTC https://padlet.com/bmallenmclaughlin01/pon6yw0r6ha5/wish/355804076 bmallenmclaughlin01 https://padlet.com/bmallenmclaughlin01/pon6yw0r6ha5/wish/356182594 We learned lots of things during this project. We learned about saving, expenses, income and many other things about taxes too. We also learned how to have a balanced budget. This project taught us to be smart with our money and be GREAT adults!]]> 2019-05-02 13:16:18 UTC https://padlet.com/bmallenmclaughlin01/pon6yw0r6ha5/wish/356182594 bmallenmclaughlin01 https://padlet.com/bmallenmclaughlin01/pon6yw0r6ha5/wish/356191269 Net income is money earned AFTER taxes.]]> 2019-05-02 13:32:13 UTC https://padlet.com/bmallenmclaughlin01/pon6yw0r6ha5/wish/356191269 bmallenmclaughlin01 https://padlet.com/bmallenmclaughlin01/pon6yw0r6ha5/wish/356191864 Gross income is money earned BEFORE taxes.]]> 2019-05-02 13:33:13 UTC https://padlet.com/bmallenmclaughlin01/pon6yw0r6ha5/wish/356191864 bmallenmclaughlin01 https://padlet.com/bmallenmclaughlin01/pon6yw0r6ha5/wish/356192233 Taxes are things you have to pay for to help your city or town. One type of tax is sales tax. This tax is extra money payed for when buying something. There is also payroll tax. This is money taken out of a persons paycheck to pay to the government. Property tax is money payed for to own a property.]]> 2019-05-02 13:33:53 UTC https://padlet.com/bmallenmclaughlin01/pon6yw0r6ha5/wish/356192233 bmallenmclaughlin01 https://padlet.com/bmallenmclaughlin01/pon6yw0r6ha5/wish/356550720 Expenses can be for housing, car payment, health insurance, entertainment, pets, etc.]]> 2019-05-03 11:36:31 UTC https://padlet.com/bmallenmclaughlin01/pon6yw0r6ha5/wish/356550720 bmallenmclaughlin01 https://padlet.com/bmallenmclaughlin01/pon6yw0r6ha5/wish/356551345 Our job was a teacher. We earned 32,500 as our salary each year. Our monthly budget is $2,708.33. ]]> 2019-05-03 11:39:43 UTC https://padlet.com/bmallenmclaughlin01/pon6yw0r6ha5/wish/356551345 bmallenmclaughlin01 https://padlet.com/bmallenmclaughlin01/pon6yw0r6ha5/wish/356605677 We needed to save $270.83 a month as a teacher. If we sved that much for six months, we would have $1624.98. After a year we would have $3249.96.]]> 2019-05-03 14:05:43 UTC https://padlet.com/bmallenmclaughlin01/pon6yw0r6ha5/wish/356605677 bmallenmclaughlin01 https://padlet.com/bmallenmclaughlin01/pon6yw0r6ha5/wish/356610260 We chose to live in an apartment with 2 bedrooms and 1 bathroom. We did not want something too big or too small so we chose this apartment. This apartment is not too expensive either. This apartment would cost $733 a month. It would cost $120 a month for utilities.]]> 2019-05-03 14:15:31 UTC https://padlet.com/bmallenmclaughlin01/pon6yw0r6ha5/wish/356610260 bmallenmclaughlin01 https://padlet.com/bmallenmclaughlin01/pon6yw0r6ha5/wish/356614461 The vehicle we chose is a small car. It would cost $224 a month for the car, $]]> 2019-05-03 14:23:39 UTC https://padlet.com/bmallenmclaughlin01/pon6yw0r6ha5/wish/356614461