Cashk@tz

Hey, guys. Listen.

This is the kind of stuff we should be playing.

We've GOT to get a synthesizer.

Forget it. We can't afford it.

We can if we carry on earning like THIS!

Look!

Minus expenses...

That's a profit of...

ALL: Yes!

£1,500!

Hold on.

Hold on. If it's our money, where exactly is it?

Good question. That's not just numbers on a screen -

that's real dough. Dosh!

Money. Cash.

And it's safely tucked up in the bank.

Once, they were just three kids jamming in a garage.

Now, with local fame comes a little fortune.

If we keep the money in the bank account,

the bank will pay us interest.

A little bit of extra cash each month - just for keeping it there!

Bor-ing!

Who cares about a bit of interest?

-We worked hard for that cash - let's use it.

-Whoa, Jez!

This is the band's money. We all get to decide what happens to it.

So, spend it or save it?

Spend. A synthesizer for the band,

a party to celebrate our success

and maybe a little something for each of us.

I've got my eyes on some great designer jeans.

Maybe Jez IS on to something.

That synth is a fancy electric keyboard -

it'd give the K@tz a whole lot of new sounds.

No way! Let's save something for a rainy day.

-We don't know when we might really need some money.

-A rainy day?

What about now?!

You're both forgetting -

we always said the band's about making music,

having a good time AND doing some good.

Remember those kids from our old school?

The band with the dustbin lids?

Yeah, they were called Crash!

Pretty good - for beginners.

We told them if we made it, we'd help them out.

Buy them some new drums and stuff.

Did we ACTUALLY say that?

So...we just break our promise to the kids?

It's a three-way split. Jez wants to blow the money

on the synth, a party and some jeans.

But Amy wants to save and get some interest.

And Max wants to help those kids.

Wait! How about this...?

We buy the synth - say £500.

500 for the drum kit for Crash!

-And keep £500 for savings.

-Yay!

-Thanks, Amy.

-Music store, here we come.

Smart move, Amy.

That sounds like a plan!

But maybe Jez and Max have let all that cash go to their heads.

# When you love life

# And the way that you're feeling

# Has got you believing it's your time

# When the mood's right

# And the music is playing

# You're finally living the high life

# You found a place where you belong

# Nothing can ever go wrong

# When you love life

# Yeah, you love life

# You're feeling all right cos it's your time. #

MUSIC STOPS ABRUPTLY

You spent fifteen...hundred...pounds?!

That's ALL our cash gone.

We agreed to save some money!

No biggie, Amy!

New sound means bigger sales. We can save later.

And Amy thought things couldn't get any worse!

# Kick off my boots

# I'm ready to fly

# I wear designer shades Cos my future's bright

-# The DJ plays my... #

-MUSIC STOPS ABRUPTLY

Hey! My guitar!

Stolen!

Jez's very pricy guitar.

Now they've burned up their savings

and, what's more, they've got a gig coming up next week!

No guitar means no gig.

And no gig means no band.

Hey, it's tough out there.

But I've still got a couple of questions.

Could they have done anything differently?

And...what happens now?

# Moving up and you're moving on. #

So, meet the K@tz,

a band that's going places -

or they WERE.

They made £1,500 profit in their first year.

They were smart and agreed a simple budget -

a plan for what they were going to do with all that cash,

including saving some.

Then Jez and Max blew the whole lot,

buying a drum kit, to help a struggling local band,

and a synthesizer. But then...

..Jez's guitar was stolen.

AND there's a gig coming up next week.

That is the coolest guitar EVER.

£800.

But we don't have ANY money.

If we'd saved some money, we wouldn't be in this mess.

But if we buy this guitar, we WILL be saving.

It was 1,000. Now it's only 800,

saving us £200.

Saving?! How can spending money ever be saving?

Jez, we're broke.

So have YOU got a better idea?

Yeah.

We'll have to sell the synthesizer - auction it online.

No way! We NEED the new sound -

synthesizer and guitar.

Jez, we can't have it all.

Luke!

-What's the problem, bro?

-Check that out.

That is SO us.

But we SO can't have it unless we sell the synth.

Perhaps you CAN have it all. Use my credit card!

Buy the guitar, pay me back later.

-DOG:

-So, here's the deal.

Luke buys the guitar on his credit card.

The band plays on, starts earning again

and they pay it all back once they've got the money.

Now, what's wrong with that?

Everything was going great.

Jez loved his new guitar,

the fans loved the new sound.

# Desperation

# There are bills you've got to pay... #

The band worked really hard -

even did without a few treats -

until they'd saved up all the money to pay Luke back.

# I'll find a solution

# It'll make my dreams come true

# So I'm doing what is right and breaking through. #

Luke, £800 in full.

Thanks - you saved us.

-Really appreciated, bro.

-Yeah.

Well, thanks, but... Sorry, guys.

My credit card bill's way overdue.

You owe me another £100.

-But...the guitar only cost £800.

-Yeah.

If I had paid all the credit card bill when it first came through,

that would have been fine. But you didn't pay me,

so the credit card company charged interest every month on what I owed.

Look!

It's not your fault, Luke. We should have checked out that credit deal.

Luke, guys...

we'll have to play some more gigs so we can pay off the interest.

£100 interest charge!

Ouch!

Amy's right -

credit IS useful, but it's just a way of borrowing.

And if you don't pay it all back straightaway,

you can get hit hard.

So now the band's got to play on to pay off that interest.

Cos if they don't, they'll end up paying interest on that interest.

Big ouch!

# Living a lie

# Forgetting what's right

# Rolling the dice Now I'm paying the price

# I threw it all away... #

You've got to admire these guys -

they've got spirit.

But maybe they could have done things differently.

What do you reckon?

Meet the K@tz.

They made £1,500 profit in their first year,

but they also had a few unexpected expenses,

like when Jez had his guitar stolen.

And then they clocked up quite a debt on a credit card.

But they've paid it all off

and they're back on the road with a new sound.

And they're earning again.

Question is, how are they going to handle their cash from now on?

It's been a great year.

I think we should throw a party.

Guys, aren't we supposed to be saving, too?

-BOTH: Aww!

-Let's use our heads this time. We can't go crazy.

I say we have a small celebration and plan our spending for next year.

We should keep some money back for emergencies.

-Yeah.

-Good idea, Amy.

So, they're learning the difference

between what they need and what they want,

what they can afford and what they can't.

And they're going to leave something over, just in case -

which is always a good idea.

Cheers, guys.

A tough year, but a good one.

Amy, no e-mails. We're supposed to be celebrating.

Tax bill?!

£300?

I hate to be a party pooper.

That up there is serious - the real deal.

A tax bill.

The band made a profit of £1,500 last year,

but not all of that money belongs to them.

They're about to find out that when you earn money,

the government wants a slice.

It's called income tax.

Tough, but true.

It's so unfair. We EARNED that money.

WAITER HUMS

Ah! A tax demand!

But why so much?

-And what's it for, anyway?

-No-one likes paying tax,

but if this pizza was your pay,

-then you get to keep about this much.

-What happens to that bit,

-with all the yummy pepperoni on it?

-That, my friend,

-goes to the government.

-What if... no-one paid their taxes?

Without our tax money, there would be no...

public buses,

fire service,

schools,

roads,

hospitals.

£300 for all that? Bargain!

-Still seems like a lot of money to me.

-Really?

Then how would you suggest paying for these people?

JEZ GASPS

I believe this is yours.

Yay! My stolen guitar - you got it back.

Oh, wow! Thanks.

ALL: Yes!

Mwah! Mwah!

I never thought I'd say it, but tax is...sort of cool.

But Jez, what about this guitar?

Hey, Max, you're right.

I don't need two guitars.

I've just had a great idea!

-DOG:

-Their tax bill didn't seem so bad after all,

especially after Jez made a cool profit

on selling that famous guitar.

So, it all turned out OK. Looks like the band will be fine.

# Start to share

# And give something back

# Learn from my mistakes

# Now I'm on the right track... #

So don't forget -

watch that cash. It's tricky stuff.

Pay your way, but...

..make sure you enjoy your slice of the action, too.

Waiter! Doggy bag for table seven.

# Stop all the spending

# Start paying my way

# I'm gonna move on

# I'm learning the difference between right and wrong

# It's never too late. #

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