Exposure to new knowledge and ideas
You make new relationships with other students and with professors (also called "networking")
The classrooms all have internet access and are good places for streaming music
Experiencing a new place outside your immediate community
The libraries give away books for free
The amounts are roughly the same
Roughly $1 million ($965,120 to be precise)
There is no difference
The more expensive your health insurance plan, the lower your copay will be (the amount you pay out of your pocket when you go to the doctor)--in other words, if you pay a higher amount on a monthly basis, you pay less out of pocket on each doctor visit
The more expensive your health insurance plan (ie, the higher your monthly health insurance payment), the higher your copay will be (the amount you pay out of your pocket when you go to the doctor)
More expensive healthcare insurance generally will cover a wider range of hospitals and geographic coverage areas than cheaper insurance plans
Most people will not need health insurance.
Everyone should have health insurance.
The farther you moved from your job, the more expensive the housing costs, while travel costs stayed the same.
As you move farther from your job, housing costs went down, but travel costs went up.
The closer you are to your job, the lower the cost of housing and travel.
Housing and travel costs don't change regardless how far you live from your job.
Housing and utilities
Gifts you buy for family and friends
Auto insurance if you own a car
Eating meals out at restaurants most nights
Buying designer clothes
Going to concerts and taking expensive vacations
Basic products like soap, shampoo and toothpaste
1-2% of your salary
$10 per month
10% of your net salary, and more if you can.
Whatever you have available after you have met all your needs and wants.
Neither, it is impossible to know what will be deposited in your bank account.
Net salary is your pay after all "needs" are met
Net salary is your gross salary minus the amount the government takes out (taxes, social security and medicare)
"Gross" and "net" are basically the same thing
Gross refers to yearly salary and net means monthly
The cost of a rental apartment is pretty similar in different cities across the US.
Different cities in the US have significantly different costs for apartment rentals.
It is always better to live alone, because finding a roommate, or multiple roommates, will cause you to pay more.
Having roommate (or more than one) generally will reduce your cost of apartment rent in any given city.
Most apartment rentals will cost $300-600 per person, regardless of where you live.
You should reasonably expect that renting an apartment will cost between $500-$3,000, depending on where you live and how nice an apartment you get.
In places like San Francisco or New York City, most people pay $6,000 per month or more for an apartment.
The cost of the car only, including any loan payments. Other car-related items are "wants" not "needs" and do not belong in my budget.
The monthly loan payment if I borrowed money to buy the car
Gas (if I have a gas powered car) or extra electricity costs (if I have an electric car)
A new paint job once every three years
An estimate for average maintenance costs (for when things on the car need to be fixed or replaced when they wear out)
No need to carry cash
Banks will often pay you to open an account
It is safer to carry a debit card and/or mobile phone than cash (less likely to be lost or stolen)
A checking account allows you to get cash from any ATM machine anywhere with no fees
It allows you to use online and mobile banking options
There is no limit on what you can spend using a debit card
The money can come from your friends’ accounts, so the more friends you have, the more you can spend
The money comes from the balance in your checking account, so you can spend up to the amount you have in your account, but no more than that
You can spend up to $20 per transaction
Going to a bank office and having a bank teller do it for you
Through an ATM machine
Direct deposit of your paycheck by your employer
When you are buying something at a store with a debit card, the checkout person can make a deposit for you
Electronic transfer from another account
At a bank office
Online bill pay or electronic transfer
Call the bank and ask them to send you cash in the mail
Use a debit card to make a purchase at a store and get cash back
Write a check
You are able to monitor the fees you are being charged to make sure you can change what you are doing if you have fees you can avoid
It is required by law that you check your bank statements
The bank will often include offers for free meals with your monthly banks statement
You can catch any possible errors made by the bank, or identify any other mistakes
Checking your statements is the only way to know if your employer has given you a pay raise
By using the correct PIN number (passcode) when using your ATM card
By taking out over $100 in cash when making a cash withdrawal
By only using ATM machines from the specific bank in which you have a checking account
By selecting an option on the ATM keypad for “free withdrawals”
Paying your mortgage (home loan payment)
Depositing cash in an ATM
Paying a bill online
Using an ATM to withdraw cash from your account
Receiving your paycheck though a direct deposit
Every time John receives a direct deposit he has to pay the bank fees
The direct deposit increases the balance in his account by the amount of the deposit
The direct deposit amount is the amount of John’s gross salary (before taxes are taken out)
The direct deposit is made every four weeks