Videos aligned with the “Employment and Income” standard from the Jump$tart National Standards in K-12 Personal Finance Education.
Overall Competency: Use a career plan to develop personal income potential.
You told me that one of the biggest advantages of a 401k account is the employer match. But can you explain it to me? Employer match means that your employer also contributes money to your 401k account – in addition to the amount you contribute to it yourself. This is essentially like getting free money …
Read MoreWhat is 401k Employer Match or Contribution & Vesting Schedule?
Can you tell me about a 401k? A 401k is a tax deferred account offered by employers as a part of their benefits package, through which you can invest money for your retirement. Since these are offered by employers, you can open a 401k account only if your employer offers it. How does a 401k …
Read MoreWhat is a 401k Account? How it works, Pros and Cons
Howdy Wall St. Willy! Some time ago we talked about income tax and you said that income tax is paid based on the amount of money that you earn. But how does the government know how much I have earned and how much income tax I need to pay? The government knows that because you …
Read MoreWhat is Filing an Income Tax Return?
Hi, Sooper Cooper. Even though you didn’t go to finance school, you should still know some basic concepts that are in finance that I will ask you about now. Okay, bring it on! Number one. Do you know what earnings are? Well, earnings are the money that I get from chores, right? Yes, they …
Read MoreEarning, Spending, Saving and Investing
Howdy Wall Street Willy. I heard my parents talk about Income Tax. But what is income tax anyway? Well, income tax is tax that you pay on the money that you earn. Well, does everyone pay the same amount of income tax? No, they don’t because there are different tax brackets. Which means that …
What is Money? Money is a medium of exchange – it is something everyone is willing to accept in exchange for goods and services. Although money has taken many forms over time, currently it’s most commonly seen as bills and coins. What about credit & debit cards, and apps like Apply Pay, Google Pay, …
Howdy Wall Street Willy! I have one really big question for you. What is finance anyways? Finance is the world of money – earning, spending, saving and investing it. It’s really cool and large. Its complicated, so I’ll teach you in little steps. Is buying a house part of finance? Yes it is. Great …
