Career Planning
What is career planning?
Looking at what you are good at, your financial needs, and matching your career goals to your skills, educational goals and financial needs.
What is financial literacy?
Why is budgeting important?
A budget is a way of allocating your earnings and making a spending plan.
A budget will divide your earnings into essential payments and what is left over so you know what you can spend.
What are the degree types offered by a university?
Bachelors Degree, Masters Degree, Doctorate Degree, Certificate Program
What is a skilled trade?
A skilled trade is a career path that requires hands-on work, and specialty knowledge and training. Skilled trades workers build and maintain infrastructure like our homes, schools, hospitals, roads, farms and parks.
Name one of the top three sites people use to find a job?
Indeed, LinkedIn, GlassDoor
What is credit?
Credit is the ability to borrow money or access goods or services with the understanding that you'll pay later.
What does your credit score mean?
A credit score is a prediction of your credit behavior, such as how likely you are to pay a loan back on time, based on information from your credit reports. Your score ranges from 300-850.
A college entrance exam that determines college readiness.
ACT or SAT
What is your tuition in regard to school?
The cost of your classes. Some schools charge based on how many units you are taking, while others charge a base rate per semester as long as you stay within a certain range of units.
What percent of the U.S is unemployed?
a. 2.5% b. 3.5% c. 25%
3.5% about 5.7 million people
A debit is an expense, or money paid out from an account, that results in the increase of an asset or a decrease in a liability or owners equity.
What is debt?
A debt is the sum of money that is borrowed for a certain period of time and is to be return along with the interest.
What form do students need to fill out before college to obtain federal student aid?
FAFSA
How can you obtain a skilled trade?
To work in skilled trades, you need an education from a skilled trade school or technical school. Obtaining a degree or diploma typically takes 1-2 years. Many jobs require a license or certificate.
What is an internship?
An internship is a professional learning experience that offers meaningful, practical work related to a student's field of study or career interest.
What is a savings account?
A savings account is a basic type of financial product that allows you to deposit your money and typically earn a modest amount of interest.
Why should you not use a credit card to its limit?
Credit cards are too easy to use and the debt accumulated can be overwhelming. Also the debt you accumulate reports on your credit which effects your ability to get more good debt.
False
Name 3 benefits of going to trade school over college?
Lower cost, faster graduation timeline, fewer admission requirements, small class sizes, real-world experience, job assistance, preparation for in-demand careers
What is a resume?
A short written description of your education, qualifications, and previous jobs which you send to an employer when you are trying to get a job
What is an interest rate and why is it important?
The interest rate is the amount a lender charges a borrower and is a percentage of the principal—the amount loaned. For example, if you borrow $100 with a 5% interest rate, you will pay $105 dollars back to the lender you borrowed from. The lender will make $5 in profit.
What is the 50/20/30 rule?
What is the difference between a loan a grant and a scholarship?
A grant is a gift that does not have to be repaid; it is based on the student’s financial need. A scholarship is an achievement award which is usually based on merit. Loans are funds borrowed by the student and/or parent. In most cases, loans must be repaid.
A major is the subject of field of study chosen by a college student to learn primarily such as Psychology or Biology. A minor is a secondary course of study in college that you can study with your major.