Posts tagged ‘Finances’

SYEP Pay Day!

My team and I went around asking the other summer youth some questions to find out about their pay. Did they have issues? Are they saving? Did they spend it all? Plans for the future? Heres a small video showing what we found out!

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Paycheck Eve

Want Some Cash?
Well, you’ve toiled and sweat and toiled some more…okay, not really, but you’ve been employed for a few weeks and what do you get from a job after you’ve worked for a period of time?! That’s right, a paycheck.  Tomorrow, July 21st, summer  youth employment program workers will be rolling in the dough…okay, you won’t really be rolling in the dough, but close.

Your paychecks will be for the first two weeks that you worked, June 28 – July 10.  Remember, the money will be electronically added to the Visa debit cards that were mailed to you either before the program began or right after you started working.  If you have any problems (forgot your PIN number, lost the card, etc.) when you get ready to use your card, contact ADP/Visa directly at 1-877-237-4321.  If you believe that the amount of your paycheck is incorrect, contact Ms. Kristina Swann or Ms. Tania Williams and they’ll look into it.

Otherwise, spend wisely and try to put a little something aside for a rainy day! Your savings can really add up over time, so even $25 stashed away from every paycheck can make a huge difference!

Remaining Pay Dates

Payroll Calendar Pay Period               Pay Date
July 11th through  July 24th                   Wednesday, August 4th
July 25th through August 7th                Wednesday, August 18th
August 8th through August 17th           Wednesday, September 1st

Learning How Government Works

Just like any other workforce, DCRA has prepared mandatory weekly meetings  for the summer youth employees. In these meetings we will learn the skills that are needed in the professional world.  Our first session was entitled “Understanding Government Structure and Operations”.

We heard  from guest speakers Paul Waters from the Enforcement of Legislative Reviews and Eric Rodgers, manager of the enforcement division.  Both Waters and Rodgers talked about their passions for government and what it took to get them where they are today 

“Ive been working in the government for ten years.  Im bascially the guy with the heavy hand who says, ‘hey you me money’,” says Rodgers. 

Meanwhile, Mr. Waters had this to say, “I’ve been working with government for 25 years and in order for you to really enjoy this job, it has to really be something you enjoy doing.”

Eric Rodgers

Paul Waters

Summer Youth

Spending that First Paycheck

The summer youth have been working hard! Just recently they were given

Van Crawford

Van Crawford

their first paychecks of about $30 for their attendance at the orientation into the summer program. The thought of money being given to the youth for their work pleased many of them. With the sensational feeling of being paid, many youth have thought of many different ways to start spending their money.

For most of the youth, their first thoughts were to use their debit cards on their lunch. The enjoyment of being able to buy anything for yourself, and especially something that you need or really want, has given these workers a great incentive to keep working. Although, with the limited amount of money in the first paycheck, the youth had to be careful not to get crazy with their spending.

Some youth say that they would rather just put their money aside and save it. Youth supervisor, Dajah Blackwell, has made the decision to save her money. She says she would much rather spend her money when she’ll need it when she goes back to school, at Virginia State University. On the flip side, splurging has definitely become popular with the recent paycheck. Summer youth, Darion Parker, has used his money for transportation purposes, food, and anything else he can afford. Summer Youth, Kristin Cousins, has a different outlook on the use of her money. She has given some money away, to help fund a trip to King’s Dominion with her school.

When it comes to money, there are no rules or guidelines on how to best use it, the best advice is just to use common sense. Since there are so many possibilities on what to do with money, confusion arises on what to buy; and just as the old cliché says, “The more money, the more problems.” The summer youth have definitely worked hard for it though. They are already anticipating their next payday; some are even already planning their next purchase.

–Van Crawford

Payday! Helpful Spending Tips

Coin Jar

The Summer youth are pretty pleased about getting their first paycheck recently. The check was for about two days pay. This should give us all motivation to keep working hard. With each payday, the youth employees will understand how nice it feels to earn a reward or compensation for the work they do. But, with that, everyone needs to be aware of the importance of not spending it all as quickly as it comes. So, spend your money wisely and keep note that the money comes from the work you display on the job.

Many people find that the more money you have, the more they are tempted to spend. Being a teenager, it’s easy to spend and spend when there is a good amount to take from, but that doesn’t necessarily mean it is a good idea to go that far. There are still lessons that we as teens and young adults have to learn about proper spending. You would be in a much better position if you have money saved to always fall back on. There are plenty of other tips and techniques on how to spend your pay wisely because people know how important it is and how smart it is to be careful and save your money. As Summer Youth employees, we are on the pathway to the real business world. So, practicing good spending habits now will help a lot in how we handle our money in the future.

TIPS TO HIGHLIGHT:

  • Remember to save – don’t spend it all in one day
  • Be aware of how much you have
  • It may be a good idea to keep your receipts from what you spend (especially if using debit cards)
  • When going to an ATM, be aware of your surroundings, of how much it is charging you, and choose an easy PIN number for only you to remember
  • It is smart to have a little bit of cash on you always just in case, so if you know you’re down to your last bit, save it. More money will come on your next paycheck!

–Lesley Thomas

Do You Know How to Use Your Debit Card?

creditcard

This year the summer youth program coordinators took a new approach with paying summer youth. Every two weeks, youth will receive their earnings on debit cards. Using debit cards allows the youth the opportunity to spend money in more places. What is a debit card? A debit card provides an alternative payment method to cash when making purchases. Some people refer to debit cards as check cards because they work the same as checks. The money is withdrawn directly from the bank account.

How do you use a debit card? A debit card is used inside businesses or at an atm. Debit cards can be used with a PIN number or can also be used with only a signature while making purchases. Debit cards can be used typically in the same businesses that accept credit cards. When using your debit card while making purchases, present your card to a qualified merchant or provider. They will swipe your card to pay for your belongings.  Debit cards have become extremely important and convenient.  They cut down on spending extra time at ATM’s or writing checks.

Using a debit card requires one to be responsible and to keep track of how much money has been spent. It is important that you check your account to be aware of how much money has been spent and how much is remaining in your account.  It is also a good idea to write down each transaction so that you have a written record of your purchases.  Also, pay close attention when your card is being swiped so you can be sure that you are not overcharged.

For extra tips on how to use your debit card check out these websites:

–Dajah Blackwell