Resume
What is a resume used for?
To showcase a person's skills, experience, and accomplishments, primarily to help them find employment.
Why to companies conduct interviews?
Interviews help employers assess a candidate's skills, experience, and fit for the organization.
What is the definition of Financial Literacy?
The knowledge to make smart decisions with money
Why would someone get a student loan?
Student loans offer financial support for students who would otherwise be unable to attend college.
What does FAFSA stand for?
Free Application for Federal Student Aid
Why do companies use a resume?
It communicates the most important, relevant information about you.
What are the disadvantages of conducting an interview?
1. Time consuming to run and to analyse
2. Costly as it requires more time from a person be interviewed
3. Introduce bias (for example, the respondent's answers can be affected by the interviewer)
What is creating a plan for how you will spend your money?
Budgeting
Why do people usually take out student loans?
The interest rate on the federal student loans is fixed and usually lower than on private loans.
What is a work study job?
A job that a student has and is scheduled around classes.
What are 5 do's of resume writing?
1. Keep a consistent, easily readable format
2. Customize your resume to match a specific job description.
3. Qualify and quantify your experiences whenever possible.
4. Expand on professional, volunteer, research, and classroom experiences to show transferable skills.
5. Proofread your work.
What are 3 tips for a successful interview?
1. Research the company and the role
2. Practice your answers to common interview questions
3. Prepare thoughtful questions to ask the interviewer
What are the three C's in financial literacy?
1. Character
2. Capacity
3. Capital (Collateral)
Is it a good idea to take out a student loan?
What are the benefits of financial aid for students?
1. Cover tuition and fees
2. Cover housing and food
3. Cover books and other coursework
4. Cover transportation
What are 5 don't of resume writing?
1. Use templates and tables included in software
2. Mislead employers about your GPA, skills, or abilities.
3. Don't go over two pages
4. Include long, generic objective statements
5. Submit references on the same page as your resume.
What are the three "C's" in the context of interviewing?
1. Competence
2. Character
3. Chemistry
What are the five components of financial literacy?
1. Earning
2. Saving/investing money
3. Planning for emergencies
4. Budgeting
5. Creating debt/borrowing money
What is the cost of borrowing?
1. High interest rates
2. Longer time to repay the loan
3. Bad credit if you don't pay
What is the formula used to calculate interest?
(Principal Loan Amount x Amount x Interest Rate) x Number of Days Since Last Payment
What is the 30 second rule for resume?
The 30-second rule suggests that hiring managers spend about 30 seconds reviewing a resume to determine if a candidate is a fit.
What are the three P's to the perfect interview?
1. Preparation
2. Practice
3. Presentation
What is the 50/30/20 budgeting rule?
1. 50% of your after-tax income to needs
2. 30% to wants
3. 20% to saving and debt repayment
What makes a contract binding?
Offer
Acceptance
Genuine Agreement
Consideration
Capacity
Legality
What are the six documents you need to fill out the FAFSA?
1. Your StudentAid.gov account
2. Your contributor information
3. Your and your contributor's federal income tax return (accessible online)
4. Records of your and your contributor's child support received
5. Records of your and your contributor's assets
6. List of schools you're interested in attending