Unit 1 Financial Planning

Person who works for another in order to learn a trade

Formal and usually written request for something such as a job, a grant of money, or admission to a school or college

Work that is performed for someone

Formal meeting in which one or more persons question & evaluate a job applicant

Items purchased to satisfy needs and wants

Percentage of total labor force that is not employed, but wants to be and is actively seeking employment.

Strategy for how you will spend, save, and invest your money today and into the future to have the life you want.

Areas in need of improvement

Purchases that you make often and use up quickly

The ideas, beliefs, and attitudes about what is important that help guide the way you live

Paid position of employment. You do it to make money.

Forecast of what employment opportunities for a particular occupation will be in the future

Goods that last for a relatively long time, such as refrigerators, cars, and DVD players

Non-cash compensation

Written statement that usually includes the following aspects of a job description

Structured action to set career goals and map out your future work success.

Position w/ a company or organization intended to provide on-the-job training

Individuals who can speak about your qualities & character as they relate to a position.

Test or research activity designed to help an individual find a suitable career path

Circumstances associated with physical location that affect individuals and jobs.

Amount of income needed to afford housing

The desire to own something and the ability to pay for it

Education, skills, & experience that are required for a candidate to be considered for hire

A way of making and using contacts to get job information and advice

The most desirable alternative given up as the result of a decision

Individual who develops a plan for a new business, & puts an idea to work while shouldering the risks.

How much money is needed to sustain a certain standard of living in the location of the job.

Typically takes longer than 1 year to reach or accomplish

Natural abilities to learn or do something

Chance of injury, damage, or economic loss

Statistical data about the population such as gender, age, education level, the ability of the particular skilled labor.

The price paid for the use of borrowed money

Form of communication that introduces your resume to its recipient

Something you aim for

Process by which you examine and learn more about yourself

Goods which are not physical objects such as services

Quality of life based on ownership of necessities and luxuries that make life easier.

Professionally presented document that introduces you to a prospective employer.

Qualities necessary to accomplish something

Expectation as to how the economy will perform during the upcoming specific periods of time, such as a quarter or a year

General course of your working life.

Costs of wages paid to employees.

Concept in economics where putting resources into an economy creates a ripple effect

Typically achieved within the next year

A general and progressive increase in prices

The ease with which an asset can be converted into $

Beneficial qualities or attributes that help you achieve success

The amount of goods available

Commendation or validation of your character & qualifications.