Scenario 1: Rent

Why is good credit important when renting an apartment? Helps you manage your
money financially so you can pay back a loan.
http://www.practicalmoneyskills.com/personalfinance/creditdebt/history/
Approximately, how much does it cost to rent an apartment in your area? 1,000 a
month
http://www.myfirstapartment.com/2013/09/getting-your-first-apartment-how-much-
money-do-you-need-to-save-to-move-out/
What happens if you cant pay your rent? Cosigner would be responsible for the
rents. Or you will be kicked out of your apartment.
http://www.practicalmoneyskills.com/personalfinance/lifeevents/renting/
How long does an eviction stay on your credit history? 7 years
http://www.practicalmoneyskills.com/personalfinance/creditdebt/history/
Why would you want to have renters insurance? Landlord insurance only covers
their belongings not yours SO you need renters insurance so your items and
apartment is insured.
http://www.practicalmoneyskills.com/personalfinance/experts/practicalmoney
matters/columns/rentersInsurance_020808.php
Answer in WORD and attach your document to this assignment.

Scenario 2: PAYCHECK
What is the difference between gross and net income? For a wage earner, gross
income is the amount of salary or wages paid to the individual by an employer, before any
deductions are taken. For a wage earner, net income is the residual amount of earnings after all
deductions have been taken from gross pay, such as payroll taxes and retirement plan
contributions
http://www.fool.com/investing/2016/10/20/3-healthcare-stocks-that-are-
looking-cheap.aspx
Why do we pay Social Security taxes? SO social security can have Social security
benefits
http://www.360financialliteracy.org/Topics/Retirement-Planning/Social-
Security/Understanding-Social-Security/(language)/eng-US
What are Medicare taxes for? Medical insurance
https://smartasset.com/taxes/what-are-medicare-taxes
How much can a high school graduate expect to earn in your area? 28,000$ A year
 http://www.politifact.com/georgia/statements/2013/aug/02/don-
lemon/educational-levels-generally-make-difference-earni/
What are the benefits of using direct deposit? Saves you time, money, and there is
no delay getting your money.
https://www.igrad.com/articles/top-3-advantages-to-using-direct-deposit
Answer in WORD and attach your document to this assignment.

Banzai LS# 3
Scenario 3: Gas N GO
What factors influence your cars fuel economy? Quick acceleration, heavy braking
https://www.fueleconomy.gov/feg/factors.shtml
Answer in WORD and attach your document to this assignment.

Scenario 4: ATM WITHDRAWAL

What is the difference between paying with cash, debit, or credit cards? Discuss the
pros and cons of each form of payment. Cash, Cant overspend but burns a hole in
their wallets from temptation. Credit cards are necessary for some transactions like
hotels but there are intrest charges. Debit cards, easy to track, could cause an
overdraft fee.
https://www.bankofamerica.com/deposits/manage/pay-by-cash-debit-or-credit.go
Answer in WORD and attach your document to this assignment.

Banzai LS# 3
Scenario 5: FLY AWAY CAF
Why does the total on the receipt differ from the total amount paid? You have to
give a tip.
What is an appropriate tip at a restaurant? 15-20%
For what other services is tipping appropriate? delivery
http://emilypost.com/advice/general-tipping-guide/
Answer in WORD and attach your document to this assignment.

Scenario 6: RITEPRICE GROCERY

What are effective strategies for saving money on groceries (there are 8
strategies)? Eat before you shop. Read the sales flyer. Use coupons. Check your
savings. Check for store brands. Grab from the back. Ask for a raincheck. Join
loyalty program.

https://www.choosemyplate.gov/budget-save-more
Answer in WORD and attach your document to this assignment.

Scenario 7: Community Spectrum Expo Center

These concert tickets were expensive. What are cheaper sources of entertainment
in your area? Museums, reading, movies, etc
http://www.savingadvice.com/articles/2008/04/10/102085_free-or-nearly-free-
entertainment.html
Answer in WORD and attach your document to this assignment.

Banzai LS# 3
Scenario 8: MERCY CENTRAL HOSPITAL
What was the impact of going to the emergency room without insurance? High costs
What are the benefits of having medical insurance? Lower costs
The balance in the Reserves jar is now negative. What does this mean? Out of
money, Owe money.
https://www.healthcare.gov/why-coverage-is-important/protection-from-high-
medical-costs/
Answer in WORD and attach your document to this assignment.

Scenario 9: Amalgamated Bankcard Services

On Banzai: Why are you unable to pay the entire credit card bill? Cost is different
upon timing. Have to pay at certain times.
What are the consequences of not making a payment by the due date? Increase
debt.
http://www.consumerfinance.gov/about-us/blog/how-do-i-shop-for-a-credit-card/
What is a grace period? Gap between a credit cards billing cycle.
https://www.nerdwallet.com/blog/credit-cards/credit-card-grace-period/
What if you ONLY made minimum payments on the entire $585 balance?
24.99% interest with a minimum payment of $20 .00
https://www.practicalmoneyskills.com/calculators/calculate/costOfCredit.php?
calcCategory=debt
Answer in WORD and attach your document to this assignment.

Banzai LS# 10
Scenario 10: City Parking Authority
You write a check for $25.00, but theres only $2.21 in your bank account. What
does this mean? Your in debt
http://financeintheclassroom.org/passport/downloads/GettingKeepingCheckingAccou
nt.pdf
Answer in WORD and attach your document to this assignment.

Banzai LS# 11
Scenario 11: OVERDRAFT FEE
Why are you charged an overdraft fee? your bank cannot cover one-time debit card
or ATM transactions or charged overdraft fees on them
The bank could have bounced the check instead. What would have happened then?
Bounced checks occur when the promise to pay that youve signed cant be
processed because you dont have enough funds in your checking account.
https://occ.gov/static/news-issuances/news-releases/2004/nr-ia-2004-95-
brochure.pdf
Answer in WORD and attach your document to this assignment.

Banzai LS# 12
Scenario 12: PAYCHECK
Watch the video on the link!
What is a W-4?
What happens if you ask your employer to withhold too much? Receive an
overpayment as a tax refund
https://www.irs.gov/individuals/irs-withholding-calculator
Answer in WORD and attach your document to this assignment.
Banzai LS# 13
Scenario 13: ATM Withdrawal
What is an ATM? Machine bank
How do you avoid fees? Join a credit union.
http://money.usnews.com/money/blogs/my-money/2014/05/02/how-you-can-avoid-
rising-atm-fees
Answer in WORD and attach your document to this assignment.

Banzai LS# 14
Scenario 14: Our Town Convenience Store
Is gasoline tax the same, higher, or lower than sales tax? higher
http://www.gaspricewatch.com/web_gas_taxes.php
Answer in WORD and attach your document to this assignment.

Banzai LS# 15
Scenario 15: BANK STATEMENT
According to the Banzai scenario Why doesnt the bank statement show all of
your checking account
transactions?
Which transactions are missing from this statement?
How can you verify the current balance of your account?
https://www.linnareacu.org/learn-plan/financial-basics/balancing-your-checkbook/
https://wallethub.com/edu/how-to-balance-a-checkbook/13769/#how
Answer in WORD and attach your document to this assignment.

Banzai LS# 16
Scenario 16: Tax ReFUND
What might you do with a tax refund?
What are the benefits of an emergency fund?
How large should your emergency fund be?
http://www.practicalmoneyskills.com/personalfinance/experts/practicalmoneymatter
s/columns/20090227_tax_refund.php
Answer in WORD and attach your document to this assignment.

Banzai LS# 17
Scenario 17: TRADER MOES
Higher-quality food costs more. What are some ways to eat healthily on a budget?
Junk food is the cheapest, but is it the best choice?
http://greatist.com/health/22-cheap-and-easy-ways-eat-healthy
Answer in WORD and attach your document to this assignment.

Banzai LS# 18
Scenario 18: Auto loan
Use Banzai Life Scenario: How was the monthly interest payment on the auto loan
calculated?
How was the monthly principal payment calculated?
How long will it take for you to pay off this car, and how much will you be paying in
interest over the life of this loan?
http://www.practicalmoneyskills.com/calculators/calculate/howMuchWillMyLoanCost.
php?calcCategory=loans
What happens if you fail to make your auto loan payments?
https://www.credit.com/loans/loan-articles/what-to-do-if-you-cant-make-your-car-
payments/
What happens when you have a poor credit score?
http://www.dmv.org/buy-sell/auto-loans/bad-credit-auto-loan.php
Answer in WORD and attach your document to this assignment.

Banzai LS# 19
Scenario 19: Paycheck
Rolands Bookstore pays its employees weekly. On what
other pay schedules do employers operate?
https://www.paycheckcity.com/pages/article.php?page=All-About-Pay-Schedules
Answer in WORD and attach your document to this assignment.

Banzai LS# 20
Scenario 20: Twin Oaks Factory Outlets
Buying clothing is fun, but also expensive. What are ways to get quality clothing for
less?
http://www.in.gov/dfi/debitvcr.pdf
http://thehomesteadinghippy.com/4-ways-quality-clothing-cheap-free/
Answer in WORD and attach your document to this assignment.

Banzai LS# 21
Scenario 21: Aristotles Garden
It can be difficult to eat healthily while traveling. What are ways to avoid eating a
junk food during trips?
http://www.helpguide.org/articles/healthy-eating/healthy-fast-food.htm
https://spoonuniversity.com/lifestyle/how-to-avoid-the-road-trip-junk-food-binge/
Answer in WORD and attach your document to this assignment.

Banzai LS# 22
Scenario 22: Tesla Electric Company
Many people are surprised when they see the utility bill for a new home or
apartment. How can you reduce the amount you pay each month?
https://www.energystar.gov/
Answer in WORD and attach your document to this assignment.

Banzai LS# 23
Scenario 23: The Hit N Run Truckstop
Transportation costs (fuel, maintenance, etc.) are among the top expenses for
young people. How can you keep from going broke when you need a car?
http://www.autolablibertyville.com/auto-preventive-maintenance/5-ways-to-save-
money-by-maintaining-your-car/
Answer in WORD and attach your document to this assignment.

Banzai LS# 24
Scenario 24: Horizon Wireless
Going over your minutes is expensive. How can you avoid that mistake?
http://www.ctia.org/your-wireless-life/know-your-wireless-devices-plans/how-to-read-
your-monthly-wireless-bill
Answer in WORD and attach your document to this assignment.

Banzai LS# 25
Scenario 25: Paycheck
Rolands Bookstore pays you an hourly wage. What other forms of pay can
employees receive?
http://work.chron.com/ways-paid-other-salary-wages-30836.html
Answer in WORD and attach your document to this assignment.

Banzai LS# 26
Scenario 26: Super-Mart
What is sales tax used for?
http://www.mlive.com/politics/index.ssf/2013/02/michigan_sales_tax_where_does.ht
ml
Answer in WORD and attach your document to this assignment.

Banzai LS# 27
Scenario 27: Bank Statement
Use Banzai: Which transaction is missing from this statement?
Why doesnt this check appear on the statement?
Your checking statement says you have $867.40 available in your account. Banzai
says you have $659.80. Which is right?
https://answers.suntrust.com/articles/sn1100-What-is-the-difference-between-my-
current-balance-my-available-balance-and-my-collected-balance
Answer in WORD and attach your document to this assignment.
Banzai LS# 28
Scenario 28: Always-Safe Insurance
Why is it important to be personally insured?
https://www.esurance.com/info/car/5-reasons-you-need-car-insurance
What are the penalties for driving without auto insurance?
https://www.valuepenguin.com/auto-insurance/michigan/penalties-driving-without-
insurance
https://www.esurance.com/info/car/the-costs-of-driving-uninsured
What is the difference between liability and collision insurance?
https://www.sapling.com/8348059/difference-between-liability-collision-insurance
Answer in WORD and attach your document to this assignment.

Banzai LS# 29
Scenario 29: Diegos Taco Shop
Compulsion or addiction spending is ruinsome. How much could a bad habit really
cost you?
http://www.drugfree.org/news-service/nicotine-addiction-costs-2000-annually/
Answer in WORD and attach your document to this assignment.

Banzai LS# 30
Scenario 30: Amalgamated Bankcard Services
Use Banzai: Because you made only the minimum payment, there was an interest
charge on this bill. How can avoid this in the future?
How is the minimum payment calculated?
http://www.bankrate.com/calculators/credit-cards/credit-card-minimum-
payment.aspx
The total balance on this credit card is $442.42. How long will it take you to pay the
card off in full if you only pay the minimum monthly payment of $20?
https://www.practicalmoneyskills.com/calculators/calculate/costOfCredit.php?
calcCategory=debt
Answer in WORD and attach your document to this assignment.