Posts tagged ‘Money management’

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!

Advertisements

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

Healthy Alternatives for Lunch!

Fresh fruit is always a good alternative to fried snacks.

Fresh fruit is always a good alternative to fried snacks.

Limited funds and time are definitely things to consider while on lunch break. Being situated in the heart of downtown DC makes it even harder to find anything for a reasonable price – but it is possible! It’s important to not go to lunch starving. Bring a small snack to eat right before lunch so that when you do go to lunch you don’t settle for the first thing you see. It’s very crucial that you don’t settle for the first thing you see because this can lead to making expensive and/or unhealthy food choices.

Recently, I took a trip to Union Station to scope out the area. On the Upper Levels there are definitely some healthy alternatives, such as Au Bon Pain, but they also happen to be very pricey.  However I was surprised at Sbarro’s buffet (under $10) which featured several fresh fruit platters, baked chicken, and rice and vegetables. If that doesn’t do it for you Sbarro also offers their famous pizza for around $5 per slice. By the way, don’t feel bad about eating pizza! Depending on your toppings, pizza is actually pretty healthy! The cheese provides you with a daily serving of protein and calcium. Tomatoes are rich in lycopene which has been named one of the best foods for men by Men’s Health Magazine. Just DON’T overdue it! If you’re not very active, all the carbohydrates from the bread will cause weight gain.

Some of the healthy choices at Sbarro.

Some of the healthy choices at Sbarro.

While McDonald’s does offer healthy salads and snack wraps for cheap, beware of salad dressing. Dressing is very tasty, but it is also the reason why many of the salads will be high in calories, especially thicker sauces such as ranch and blue cheese.

While at Union Station, STAY AWAY FROM THE BOTTOM FLOOR…well at least until they open the new Subway. The lure of several different ethnic foods is strong on the lower level but many are made quickly and have thick, greasy sauces and fried foods. Not to mention some of them are VERY expensive.

And once you get your food avoid sitting down…you know we only have 30 minutes!

I will be following up with other places to eat in the near future!

Darion Parker


Benefits of Bringing Your Lunch

Fruit is always a great item to include in a bagged lunch.
Fruit is always a great item to include in a bagged lunch.

Some people enjoy bringing $10 or so every single day to pick up, order, or take out a lunch. Partially because the food is good, or maybe they’re just too lazy to make their own lunch at home.  As growing teens and young adults, our bodies deserve a nutritional meal more often.  It isn’t like you have to make a Caesar salad with light dressing and gourmet croutons early in the morning, but there are surely alternatives to the meals we limit ourselves to.

So, what is a good lunch to bring to work? Well, there are plenty of yummy, healthier options that can easily be made right at home. Take, for example, the classic peanut butter and jelly sandwich.  You can use different types of flavors and breads, or you could make a nice deli sandwich or sub; just meat, lettuce, bread, and whichever cheeses and spreads you would prefer. You can also make salads, leftover dinners, or even bring in a frozen entree.

Grocery stores and supermarkets are filled with options. It just depends on how creative and involved you want to become when making your lunch. Youth employee Sardera Thorne says that she usually brings in leftovers that she cooks herself.  When asked what her ideal lunch would be, she said, “Soup.” Everyone has their own preferences.  Jazmine Singletary, another youth employee, likes both going out to eat and bringing in a lunch. When she has brought them in, she says she eats “frozen dinners and what her mother makes,” but she really prefers going out to buy lunch during the day. Her ideal meal would be chicken.

Looking at it from another prospective, my mother, DCRA Employee Cheryl Randall-Thomas, says she “prefers bringing in lunch because I don’t like how much it ends up costing,” which makes a lot of sense in today’s economy. She stated that “When you bring lunch, you know exactly what you’re eating (wholesome, not greasy, good amounts of food, etc.)” Her ideal lunch would be soup and salad, and she usually makes the lunch herself. Mrs. Randall-Thomas believes it is better to bring in a lunch from home because she has noticed that you can get more out of bought groceries over a week’s span than one day’s meal however, she still enjoys a hot prepared meal every once in a while.  Another Summer Youth employee, Jeremy Bennett, says that he usually goes out to eat somewhere everyday. His ideal lunch would be Chinese food. “As far as finances go, it would be better to bring lunch,” Bennett says about whether or not bringing in lunch is better than buying a lunch. It all just depends on how you are feeling a particular day, or even how your personal finances are measuring up.

Also, choose foods that won’t drag your day down or stuff you. It’s better to eat a single heave or main item with snacks on the side than a few heavy items or all snacks. There are also plenty of options for drinks to bring – sodas, juice, coffee, etc. After asking the opinions of some of the other summer youth employees, it seemed as if bringing lunch is the best way to go. Once you realize how much better bringing in lunch is, you’ll begin thinking of more meal ideas, and someone else may even envy your lunch!

Lesley Thomas

 

Exploring Your Career Options

Check out some of the highlights from last Friday’s second professional development workshop.  DCRA summer youth employment program participants were treated to some great words of wisdom and insight from panelists in four different professions.

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