0:00:15 > 0:00:16Hey, guys. Listen.
0:00:16 > 0:00:19This is the kind of stuff we should be playing.
0:00:19 > 0:00:21We've GOT to get a synthesizer.
0:00:21 > 0:00:23Forget it. We can't afford it.
0:00:23 > 0:00:27We can if we carry on earning like THIS!
0:00:27 > 0:00:28Look!
0:00:38 > 0:00:40Minus expenses...
0:00:46 > 0:00:47That's a profit of...
0:00:50 > 0:00:51ALL: Yes!
0:00:51 > 0:00:53£1,500!
0:00:53 > 0:00:55Hold on.
0:00:55 > 0:00:58Hold on. If it's our money, where exactly is it?
0:01:00 > 0:01:03Good question. That's not just numbers on a screen -
0:01:03 > 0:01:05that's real dough. Dosh!
0:01:05 > 0:01:07Money. Cash.
0:01:07 > 0:01:10And it's safely tucked up in the bank.
0:01:11 > 0:01:14Once, they were just three kids jamming in a garage.
0:01:14 > 0:01:18Now, with local fame comes a little fortune.
0:01:18 > 0:01:21If we keep the money in the bank account,
0:01:21 > 0:01:23the bank will pay us interest.
0:01:23 > 0:01:27A little bit of extra cash each month - just for keeping it there!
0:01:27 > 0:01:28Bor-ing!
0:01:28 > 0:01:30Who cares about a bit of interest?
0:01:30 > 0:01:34- We worked hard for that cash - let's use it.- Whoa, Jez!
0:01:34 > 0:01:39This is the band's money. We all get to decide what happens to it.
0:01:39 > 0:01:42So, spend it or save it?
0:01:43 > 0:01:45Spend. A synthesizer for the band,
0:01:45 > 0:01:48a party to celebrate our success
0:01:48 > 0:01:50and maybe a little something for each of us.
0:01:50 > 0:01:53I've got my eyes on some great designer jeans.
0:01:53 > 0:01:56Maybe Jez IS on to something.
0:01:56 > 0:01:59That synth is a fancy electric keyboard -
0:01:59 > 0:02:03it'd give the K@tz a whole lot of new sounds.
0:02:03 > 0:02:07No way! Let's save something for a rainy day.
0:02:07 > 0:02:12- We don't know when we might really need some money.- A rainy day?
0:02:12 > 0:02:13What about now?!
0:02:13 > 0:02:15You're both forgetting -
0:02:15 > 0:02:18we always said the band's about making music,
0:02:18 > 0:02:21having a good time AND doing some good.
0:02:21 > 0:02:24Remember those kids from our old school?
0:02:24 > 0:02:26The band with the dustbin lids?
0:02:26 > 0:02:28Yeah, they were called Crash!
0:02:30 > 0:02:32Pretty good - for beginners.
0:02:32 > 0:02:36We told them if we made it, we'd help them out.
0:02:36 > 0:02:39Buy them some new drums and stuff.
0:02:39 > 0:02:41Did we ACTUALLY say that?
0:02:41 > 0:02:44So...we just break our promise to the kids?
0:02:44 > 0:02:48It's a three-way split. Jez wants to blow the money
0:02:48 > 0:02:51on the synth, a party and some jeans.
0:02:51 > 0:02:54But Amy wants to save and get some interest.
0:02:54 > 0:02:57And Max wants to help those kids.
0:02:57 > 0:03:01Wait! How about this...?
0:03:01 > 0:03:04We buy the synth - say £500.
0:03:05 > 0:03:07500 for the drum kit for Crash!
0:03:09 > 0:03:13- And keep £500 for savings.- Yay!
0:03:13 > 0:03:16- Thanks, Amy. - Music store, here we come.
0:03:16 > 0:03:17Smart move, Amy.
0:03:17 > 0:03:19That sounds like a plan!
0:03:19 > 0:03:26But maybe Jez and Max have let all that cash go to their heads.
0:03:26 > 0:03:27# When you love life
0:03:27 > 0:03:29# And the way that you're feeling
0:03:29 > 0:03:32# Has got you believing it's your time
0:03:32 > 0:03:34# When the mood's right
0:03:34 > 0:03:36# And the music is playing
0:03:36 > 0:03:39# You're finally living the high life
0:03:39 > 0:03:43# You found a place where you belong
0:03:43 > 0:03:46# Nothing can ever go wrong
0:03:46 > 0:03:47# When you love life
0:03:47 > 0:03:49# Yeah, you love life
0:03:49 > 0:03:52# You're feeling all right cos it's your time. #
0:03:52 > 0:03:54MUSIC STOPS ABRUPTLY
0:03:56 > 0:04:02You spent fifteen...hundred...pounds?!
0:04:02 > 0:04:05That's ALL our cash gone.
0:04:05 > 0:04:08We agreed to save some money!
0:04:08 > 0:04:10No biggie, Amy!
0:04:10 > 0:04:13New sound means bigger sales. We can save later.
0:04:13 > 0:04:17And Amy thought things couldn't get any worse!
0:04:22 > 0:04:24# Kick off my boots
0:04:24 > 0:04:27# I'm ready to fly
0:04:29 > 0:04:33# I wear designer shades Cos my future's bright
0:04:36 > 0:04:39- # The DJ plays my... # - MUSIC STOPS ABRUPTLY
0:04:39 > 0:04:41Hey! My guitar!
0:04:44 > 0:04:45Stolen!
0:04:45 > 0:04:47Jez's very pricy guitar.
0:04:47 > 0:04:50Now they've burned up their savings
0:04:50 > 0:04:54and, what's more, they've got a gig coming up next week!
0:04:54 > 0:04:57No guitar means no gig.
0:04:57 > 0:05:00And no gig means no band.
0:05:01 > 0:05:03Hey, it's tough out there.
0:05:03 > 0:05:06But I've still got a couple of questions.
0:05:06 > 0:05:09Could they have done anything differently?
0:05:09 > 0:05:12And...what happens now?
0:05:12 > 0:05:15# Moving up and you're moving on. #
0:05:21 > 0:05:23So, meet the K@tz,
0:05:23 > 0:05:25a band that's going places -
0:05:25 > 0:05:28or they WERE.
0:05:28 > 0:05:31They made £1,500 profit in their first year.
0:05:31 > 0:05:34They were smart and agreed a simple budget -
0:05:34 > 0:05:37a plan for what they were going to do with all that cash,
0:05:37 > 0:05:40including saving some.
0:05:40 > 0:05:44Then Jez and Max blew the whole lot,
0:05:44 > 0:05:46buying a drum kit, to help a struggling local band,
0:05:46 > 0:05:49and a synthesizer. But then...
0:05:50 > 0:05:52..Jez's guitar was stolen.
0:05:52 > 0:05:56AND there's a gig coming up next week.
0:05:58 > 0:06:01That is the coolest guitar EVER.
0:06:03 > 0:06:06£800.
0:06:06 > 0:06:09But we don't have ANY money.
0:06:09 > 0:06:13If we'd saved some money, we wouldn't be in this mess.
0:06:13 > 0:06:16But if we buy this guitar, we WILL be saving.
0:06:16 > 0:06:20It was 1,000. Now it's only 800,
0:06:20 > 0:06:22saving us £200.
0:06:22 > 0:06:27Saving?! How can spending money ever be saving?
0:06:27 > 0:06:29Jez, we're broke.
0:06:29 > 0:06:32So have YOU got a better idea?
0:06:32 > 0:06:33Yeah.
0:06:33 > 0:06:38We'll have to sell the synthesizer - auction it online.
0:06:38 > 0:06:41No way! We NEED the new sound -
0:06:41 > 0:06:44synthesizer and guitar.
0:06:44 > 0:06:47Jez, we can't have it all.
0:06:47 > 0:06:48Luke!
0:06:50 > 0:06:53- What's the problem, bro? - Check that out.
0:06:53 > 0:06:56That is SO us.
0:06:56 > 0:07:01But we SO can't have it unless we sell the synth.
0:07:01 > 0:07:05Perhaps you CAN have it all. Use my credit card!
0:07:05 > 0:07:07Buy the guitar, pay me back later.
0:07:07 > 0:07:10- DOG:- So, here's the deal.
0:07:10 > 0:07:13Luke buys the guitar on his credit card.
0:07:13 > 0:07:15The band plays on, starts earning again
0:07:15 > 0:07:19and they pay it all back once they've got the money.
0:07:19 > 0:07:21Now, what's wrong with that?
0:07:27 > 0:07:29Everything was going great.
0:07:29 > 0:07:32Jez loved his new guitar,
0:07:32 > 0:07:33the fans loved the new sound.
0:07:33 > 0:07:37# Desperation
0:07:37 > 0:07:39# There are bills you've got to pay... #
0:07:39 > 0:07:40The band worked really hard -
0:07:40 > 0:07:43even did without a few treats -
0:07:43 > 0:07:45until they'd saved up all the money to pay Luke back.
0:07:45 > 0:07:48# I'll find a solution
0:07:48 > 0:07:51# It'll make my dreams come true
0:07:51 > 0:07:56# So I'm doing what is right and breaking through. #
0:07:58 > 0:08:01Luke, £800 in full.
0:08:01 > 0:08:04Thanks - you saved us.
0:08:04 > 0:08:07- Really appreciated, bro.- Yeah.
0:08:07 > 0:08:10Well, thanks, but... Sorry, guys.
0:08:10 > 0:08:12My credit card bill's way overdue.
0:08:12 > 0:08:15You owe me another £100.
0:08:15 > 0:08:20- But...the guitar only cost £800. - Yeah.
0:08:20 > 0:08:24If I had paid all the credit card bill when it first came through,
0:08:24 > 0:08:27that would have been fine. But you didn't pay me,
0:08:27 > 0:08:32so the credit card company charged interest every month on what I owed.
0:08:32 > 0:08:33Look!
0:08:38 > 0:08:43It's not your fault, Luke. We should have checked out that credit deal.
0:08:43 > 0:08:45Luke, guys...
0:08:45 > 0:08:50we'll have to play some more gigs so we can pay off the interest.
0:08:50 > 0:08:53£100 interest charge!
0:08:53 > 0:08:55Ouch!
0:08:55 > 0:08:57Amy's right -
0:08:57 > 0:09:00credit IS useful, but it's just a way of borrowing.
0:09:00 > 0:09:03And if you don't pay it all back straightaway,
0:09:03 > 0:09:04you can get hit hard.
0:09:04 > 0:09:08So now the band's got to play on to pay off that interest.
0:09:08 > 0:09:13Cos if they don't, they'll end up paying interest on that interest.
0:09:13 > 0:09:15Big ouch!
0:09:15 > 0:09:16# Living a lie
0:09:16 > 0:09:18# Forgetting what's right
0:09:18 > 0:09:21# Rolling the dice Now I'm paying the price
0:09:21 > 0:09:25# I threw it all away... #
0:09:27 > 0:09:29You've got to admire these guys -
0:09:29 > 0:09:31they've got spirit.
0:09:31 > 0:09:35But maybe they could have done things differently.
0:09:35 > 0:09:37What do you reckon?
0:09:52 > 0:09:53Meet the K@tz.
0:09:53 > 0:09:57They made £1,500 profit in their first year,
0:09:57 > 0:10:01but they also had a few unexpected expenses,
0:10:01 > 0:10:04like when Jez had his guitar stolen.
0:10:04 > 0:10:09And then they clocked up quite a debt on a credit card.
0:10:09 > 0:10:11But they've paid it all off
0:10:11 > 0:10:13and they're back on the road with a new sound.
0:10:13 > 0:10:15And they're earning again.
0:10:15 > 0:10:20Question is, how are they going to handle their cash from now on?
0:10:20 > 0:10:22It's been a great year.
0:10:22 > 0:10:24I think we should throw a party.
0:10:24 > 0:10:28Guys, aren't we supposed to be saving, too?
0:10:28 > 0:10:32- BOTH: Aww!- Let's use our heads this time. We can't go crazy.
0:10:32 > 0:10:38I say we have a small celebration and plan our spending for next year.
0:10:38 > 0:10:41We should keep some money back for emergencies.
0:10:41 > 0:10:43- Yeah.- Good idea, Amy.
0:10:43 > 0:10:45So, they're learning the difference
0:10:45 > 0:10:48between what they need and what they want,
0:10:48 > 0:10:51what they can afford and what they can't.
0:10:51 > 0:10:55And they're going to leave something over, just in case -
0:10:55 > 0:10:58which is always a good idea.
0:10:59 > 0:11:01Cheers, guys.
0:11:01 > 0:11:04A tough year, but a good one.
0:11:07 > 0:11:10Amy, no e-mails. We're supposed to be celebrating.
0:11:10 > 0:11:12Tax bill?!
0:11:12 > 0:11:14£300?
0:11:14 > 0:11:17I hate to be a party pooper.
0:11:17 > 0:11:21That up there is serious - the real deal.
0:11:21 > 0:11:23A tax bill.
0:11:23 > 0:11:28The band made a profit of £1,500 last year,
0:11:28 > 0:11:31but not all of that money belongs to them.
0:11:31 > 0:11:35They're about to find out that when you earn money,
0:11:35 > 0:11:37the government wants a slice.
0:11:37 > 0:11:40It's called income tax.
0:11:40 > 0:11:42Tough, but true.
0:11:42 > 0:11:46It's so unfair. We EARNED that money.
0:11:46 > 0:11:48WAITER HUMS
0:11:49 > 0:11:52Ah! A tax demand!
0:11:52 > 0:11:54But why so much?
0:11:54 > 0:11:58- And what's it for, anyway? - No-one likes paying tax,
0:11:58 > 0:12:00but if this pizza was your pay,
0:12:00 > 0:12:04- then you get to keep about this much.- What happens to that bit,
0:12:04 > 0:12:09- with all the yummy pepperoni on it? - That, my friend,
0:12:09 > 0:12:14- goes to the government.- What if... no-one paid their taxes?
0:12:14 > 0:12:16Without our tax money, there would be no...
0:12:16 > 0:12:18public buses,
0:12:18 > 0:12:20fire service,
0:12:20 > 0:12:23schools,
0:12:23 > 0:12:25roads,
0:12:25 > 0:12:27hospitals.
0:12:32 > 0:12:35£300 for all that? Bargain!
0:12:35 > 0:12:38- Still seems like a lot of money to me.- Really?
0:12:38 > 0:12:41Then how would you suggest paying for these people?
0:12:43 > 0:12:44JEZ GASPS
0:12:44 > 0:12:47I believe this is yours.
0:12:47 > 0:12:50Yay! My stolen guitar - you got it back.
0:12:50 > 0:12:52Oh, wow! Thanks.
0:12:52 > 0:12:53ALL: Yes!
0:12:53 > 0:12:55Mwah! Mwah!
0:12:55 > 0:12:59I never thought I'd say it, but tax is...sort of cool.
0:12:59 > 0:13:02But Jez, what about this guitar?
0:13:02 > 0:13:04Hey, Max, you're right.
0:13:04 > 0:13:07I don't need two guitars.
0:13:07 > 0:13:09I've just had a great idea!
0:13:12 > 0:13:16- DOG:- Their tax bill didn't seem so bad after all,
0:13:16 > 0:13:19especially after Jez made a cool profit
0:13:19 > 0:13:22on selling that famous guitar.
0:13:22 > 0:13:27So, it all turned out OK. Looks like the band will be fine.
0:13:27 > 0:13:29# Start to share
0:13:29 > 0:13:32# And give something back
0:13:32 > 0:13:35# Learn from my mistakes
0:13:35 > 0:13:38# Now I'm on the right track... #
0:13:38 > 0:13:40So don't forget -
0:13:40 > 0:13:44watch that cash. It's tricky stuff.
0:13:44 > 0:13:45Pay your way, but...
0:13:47 > 0:13:51..make sure you enjoy your slice of the action, too.
0:13:51 > 0:13:54Waiter! Doggy bag for table seven.
0:13:54 > 0:13:56# Stop all the spending
0:13:56 > 0:13:58# Start paying my way
0:13:58 > 0:14:00# I'm gonna move on
0:14:00 > 0:14:06# I'm learning the difference between right and wrong
0:14:06 > 0:14:07# It's never too late. #
0:14:07 > 0:14:10Subtitles by Red Bee Media Ltd
0:14:10 > 0:14:13E-mail subtitling@bbc.co.uk