Financial Literacy
a mandatory expense you cannot live without (e.g., food and housing costs).
optional expense that you can live without (e.g., a vacation at a resort).
What is the difference between a need and a want?
When you use the money from your bank account to make purchases.
What is Debit?
An estimate of your income and expenditures (spending) for a set period of time.
What is a budget?
A worksheet designed to help you critically think about a topic you are learning in your other classes so you can present and discuss this topic with your AVID peers.
What is TRF?
A place you work to earn a living.
Job
Your grasp and effective use of various financial skills, from budgeting and saving to debt management and planning for your future.
What is financial literacy?
When you use a bank's money to make a purchase and must pay it back with interest.
What is credit?
What is credit score?
You SHOULD be writing this in your planners everyday and at the start of any Focused Notes.
What is an essential question?
A place you work to earn a living as well as progress to achieve what you enjoy doing.
What is a Career?
The first thing you should do when preparing to enter college or a career.
What is make a list of preferences and skills?
You can access your cash from an ATM, but additional fees may apply if the ATM is not your bank's.
What is Debit?
Money received, especially on a regular basis, for work or through investments.
What is income?
What does AVID stand for?
What is Advancement Via Individual Determination
This type of school generally takes 4 years and gives you a bachelor's degree.
What is 4 year college/university?
A given amount that is taken away from every paycheck (social, medical, federal).
What are taxes?
Can affect your ability to get loans and gives you a score.
What is credit?
The potential benefits that are lost or gained when choosing one alternative over the other.
What is opportunity cost?
These five skills are important part of all your classes and have a catchy acronym. Name the skills.
WICOR (Writing, Inquiry, Collaboration, Organization, and Reading)
This school is generally for students living in a certain area and is subsidized by the local government to be cheaper for students.
What is Public University and/or Community College?
Why is financial literacy important?
Preparing for the future so that you can plan as best as possible to be financially stable and support the lifestyle/career you want.
Which is better to use, credit or debit? Your team's answer must be in CER format.
Debit cards are less risky and help you manage your cash, but not much more. Credit cards can have more benefits and perks if used correctly and paid on time.
The amount of a product or service available and the desire of buyers for it, considered as factors regulating its price. Can also affect how many jobs are available in certain careers.
What is supply and demand?
To close the achievement gap by preparing all students for college readiness and success in a global society.
What is AVID's mission statement?
The number of official Career Pathways or Career Clusters tracked by the US Government.