To: Personal Finance Students
Date: September 12, 2011
Beginning today you are to keep a daily journal using this blog. Two questions must be answered each day:
1. What did you learn in class today?
2. Of the various topics that were discussed and/or read, what didn't you understand?
Make sure that your name appears in your response. Use complete sentences, with correct grammar, punctuation and spelling.
i.e. Today in class I learned ...... What I did not understand was .....
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The importance of the law is that there are rules and they have to be followed.
ReplyDelete1. Today in class I learned that sometimes the government plays a role in balancing our rights.
ReplyDelete2. I didnt understand why the state offcials tried to force the Amish girl pareants to send her to school when they knew that was againest their religion. She can't go back to school after the 8th grade.
Literacy Topic for September 13, 2011:
ReplyDeleteExplain why earnings for the same job may vary by the job location.
Earnings for the same job may vary by the job location because of the amount of business that area gets. For example, working at a job on a busy street may receive more business than one in a secluded area. Or an area where the fortunate lives versus an area where the less fortunate lives.
ReplyDeleteJob earnings may differ depending on location because the cost of living varies depending on what state or area you live in. If your area has a low cost of living, then chances are you won't make the same salary as someone who lives in a state where the cost of living is expensive (like Connecticut).
ReplyDeleteEarnings for the same job may vary by the job location because different states have different cost of living than others.
ReplyDeleteit depends on the demande from that location you may be working at the hospital in teax's and making $84,000 a year and when you moved to new haven , ct you be making about $103,00 a year its because the tax's and etc . and the demande for your perfession at a location
ReplyDeleteJob earnings vary based on location due to the economic stadings of each location. If you work as an assembly line worker for Coca-Cola in a location that is in the prosperity stage of the buissness cycle, then you will make more than if you worked the same job, hours, etc in a location in the depression stage of the buissness cycle
ReplyDeleteJob earnings vary based on location due to the economic stadings of each location. If you work as an assembly line worker for Coca-Cola in a location that is in the prosperity stage of the buissness cycle, then you will make more than if you worked the same job, hours, etc in a location in the depression stage of the buissness cycle. Also, due to the tax rate in the location you work, you may earn less than in a less heavily taxed area. (Example, North Carolina has a high state tax [7.02%] as well as a county tax [2.01%], both in which barrage and seiphers your paycheck, as oppossed to Connecticut's single state tax [6.25%])
ReplyDeletebecause when you move to a different city or state your job could be making more salary than your original salary at your old job. And also the taxes made a huge difference.
ReplyDeletebecause depending on the location, if it is in a state with a big number of workers, they will get a certin amount of money, and if it is in a nother state, with fewer workers, then that state with the lesser workers would get more pay. also depending on if it is a big or a small state.
ReplyDeleteEarnings for the same job may vary the job location and how much business the job gets.Or that area might not make as much money as other locatins does.So the salary for jobs are different in other areas.
ReplyDeleteLiteracy Topic for September 14, 2011
ReplyDeleteExplain the difference between a job and a career.
A job is usually an hourly wage occupation that one would take during an intermission period through their life. For example, if you need a quick way to make a steady amount of money to, lets say, pay off college, you would take a job. A career is a job that one usually takes for a while, mostly for the rest of their life, or at least until they retire. Careers are usually things that you enjoy to do, rather than the "job" that you do because you must.
ReplyDeleteA career is an area of work that an individual chose to focus on. A job is work that you build up over time based on performance or past experience.
ReplyDeleteA career is basically a chosen pursuit, a profession or occupation, while a job is just something you do to get paid.
ReplyDeleteA job can be any menial work that provides a paycheck, such as working at a fast food resturaunt or as a cashier in a retail store. However, a career is a something someone has a passion for, and most likely majored in when they attended college. For example, a Physician or Graphic Designer are two careers.
ReplyDeleteA career is what you want to pursue in life and a job is what you are going at the moment to recieve income.
ReplyDeleteA job is when your only objective is just to pay bills or save money.A career is when you have a passion for it and you love what your doing,and thta you dont really care how much money your making.
ReplyDeletelike a job is for
ReplyDeletecollege something thats temporary
a career is after college something to do for the rest of your life.
a job can be somthing small and irelivent,short lived,somthing you didn't prepare for. acarrer however is a job you have taken education, and alot of training for, and it's usally long lived, as in that's what you'll be untill you retire.so ofours it's somthing your going to live on, so it should bring a certin amount of money, enogh to at least make a living out of.
ReplyDeleteToday I learned that a disposable income actually refers to the money a person has available to spend or save after taxes have been paid. Something i didn't didnt understand fully was the difference between a salary and commission.
ReplyDeleteI learn about the disposable income that a person have to spend after taxes. Also , i learn about the have to run a busniess because you want to make the best decision and be wise about the choices you make. For example, a business person need to take a accounting class rather hiring someone to do that for you beause you never know if that person is doing what they sat that are going.
ReplyDeleteToday in class I learned that individuals that have retired have a reduced tax bracket, and don't pay as much in taxes as other people do (unless they make a certain amount of money). Similar to Destiny, I also didn't really understand the difference between salary and commission.
ReplyDeletei learned that minimum wage is the least amount of money a person could get paid per hour by law. people who work for salaries are usually self directed, unlike those that receive set salaries; the money that they receive is a certain amount the can go up depending on how long you've worked at that place, like teachers. teachers that have been teaching for a while get to have a lot of days off (some pass more then 100 days)and don't get money pulled out of their check as long as they were sick, unlike a new teacher. that people that start a franchise like McDonald store must buy all their products from McDonald supply, and attend a certain school to learn the food's (sandwiches) recipes. that if you are going to start a business, you should hire someone smarter then you to take care of your money, but that some one you must know for they just might steel from you while your not aware, that person you are hiring just might not pay your taxes when he was suppose to, which would result with you being in jail. that you must sign your own checks no matter what for the same reasons.
ReplyDeleteToday, I learned what a Health Flexible Spending Arrangement is, which allows employees to make an arrangement with their employer, so they can set aside money in their paycheck to pay for various medical expenses (which won't be subject to federal tax). There wasn't really anything I didn't understand, since our work was mostly book-based.
ReplyDeleteToday i learned about retirement plans 401 (k) and Pension plans, how they help you put aside money till you retire and taxes are not included.i also learned that if you are an employee,you can take a personal leaves and not loss money, or get it taken out of your pay check. i learned what a perk is and found out that some companies actually assign cars for you!
ReplyDeleteI LEARNED THAT: you can collect social security benefits, if you got disabled or if you retired. I learned the difference between medicare and medicat. Incline pays for some of your bills like in section 8,it pays some of the money on the house, not cash though. We pay taxes on gasoline, cigarettes, and alcohol but its excise taxed.
ReplyDeleteToday i learned of the unearned income taxes, such as interest, dividends, etc.
ReplyDeleteI do wish to know more about extortion and its play in the financial world
Today I learned that on applications the term "alien" means foreigner. What I didnt understand was why they havent't come up with a more polite name.
ReplyDeleteToday in class I learned about different types of unearned income and variable incomes. We were taught how to fill out w4 forms to work. I also learned about different types of government transfer payments.
ReplyDeleteToday I learned the different types of money that the government can pay you- like veteran's benefits, welfare, and other services. Some of them are actual cash, while others are in-kind services (like food stamps).
ReplyDeleteToday I learned that theres a way you can receive money, even when you dont have a job, like a disablilty check,if you got injured on the job and not able to work again and can still receive money.
ReplyDeleteI have learned that new haven was thinking about getting a city tax. I found out that a New York City has a city, state, national tax. I didn’t get the w-4 thing that well
ReplyDeletei learned today about goverment transfer payments and unearned income
ReplyDeletei wsih to know more about how the goverment works with money fom our pay checks
Today I learned that social security allowed you to recieve money until a child turns 18. Veterans benefits let a person recive money due to a family member being a casuality of war.
ReplyDeleteToday I learned that there are different credit Unions, For example, teacher's credit union. And I learn that everybody pays federal taxes but some states dont have to pay for state income taxes.
ReplyDeleteToday I learned more about the forms required when working such as the W-4 form. I do not have any questions
ReplyDeleteToday we summarized the chapter in the book
ReplyDeleteI learned how to fill in parts of the 1049EZ paper.
ReplyDeletei didn't know how to do alot of it though.
Today i learned that a Form I-9 tells employers if you qualify to be employed
ReplyDeletetoday i found out that perks are not benefits that have high monetary value to employees of large companies.
ReplyDeletemost schools are not that hard to get into.. and i might be able to get into my favorite school
ReplyDeleteLearned about inflation and deflation...presented colleges.
ReplyDeleteToday I learned the proper defintion of Inflation and Deflation. There was nothing that I didnt understand in class today!
ReplyDeleteI learned inflation and deflation.
ReplyDeleteToday I learned about inflation and how it effects the economy. There are a few different ways on how inflation occurs; either through reducing the value of the product, or raising the price.
ReplyDeleteI lerned about colleges, how some of them make you pay money for the houres you spend there. i also learned about state and privet colleges and that privet colleges pay more then stste one's.
ReplyDeleteToday in class i learned that inflation increases the prices and deflation decreases the prices.
ReplyDeletei learned about the diferent colleges the students want to attend. they talked about some the requirements, finacial aid, application fees, and different organziation at their college. also , they give a little history on there colleges as well . also we talked about inflation and deflation.
ReplyDeleteToday I learned about bartering and trading, and even got a few cool things to take home. I didn't fully understand how to determine what our items were worth.
ReplyDeleteToday I learned that bartering was the exchanging of items. I even had a chance to experience what it was like to actually be bartering. Doing this activity in class helped me get a realistic feel.
ReplyDeleteToday I learned that you should definetly due the homework the night before you do a quiz and not vice-versa. Now that I have completed the hw I am now aware of the internal connection between inflation and employment. Also I now know how to differentiate the various labels of inflations.
ReplyDeleteToday I learned that you should definetly due the homework the night before you do a quiz and not vice-versa. Now that I have completed the hw I am now aware of the internal connection between inflation and employment. Also I now know how to differentiate the various labels of inflation.
ReplyDeleteToday I learned cost-plus pricing is setting a price based on the cost to produce and deliver a product plus a profit marginng.
ReplyDeleteI learned about econamizin, which is getting the best or the most you can for your doller.
ReplyDeletei also lerned about Black friday,that it is a day right after thanlsgiving and how every thing is cheap on that day in the stors and the markets.
also that the word 'Black' from black friday is not a racial term, but a finacial one. Black is amode in bussnese meaning good and runnin, which is switched from mode red, meaning bad, after "black friday".
Today I learned that there is a such thing as cyber monday. Cyber Monday is when stores sell products with huge discounts online. I have also learned that it is the internet version of what we know as Black Friday which takes place the day after thanksgiving.
ReplyDeleteToday I learned that there is a such thing as cyber monday. Cyber Monday is when stores sell products with huge discounts online. I have also learned that it is the internet version of what we know as Black Friday which takes place the day after thanksgiving.
ReplyDeleteMario Callahan said...
ReplyDeleteToday I learned that there is a such thing as cyber monday. Cyber Monday is when stores sell products with huge discounts online. I have also learned that it is the internet version of what we know as Black Friday which takes place the day after thanksgiving.
I learned about emotional appeals, which are products that make people feel or look younger or more attractive. Ex:Makeup, Hair dye, and perfumes.Also healthy foods and are more expensive and specialized then the norm. Ex: Organic food and sentiments.
ReplyDeleteMario said
ReplyDeleteI learned that when stores offer the economic needs and wants people desire this attracts customers to continue to shop at that market.It also encourages for new customers to shop at the store because of positive word of mouth.