Personal Finance
Although you may not buy new clothes every month, you will spend money on clothes sometime during the year. At the very least, include an entry for clothing a few times on your ________ budget.
12-Month
To impress those around you, what should you wear, all while keeping a positive attitude?
A Smile
To perform a self assessment as an employee people should:
All of the above are correct
To perform a self assessment as an employee people should do what?
All of the answers are correct
Why create a separate budget for each month and not just one budget that applies to all 12 months of the year?
All of the answers are correct
Complete this equation: _________ - Liabilities = Net Worth
Assets
The most important trait to move your career forward is the right what?
Attitude
What is more important than aptitude or appearance? It can make or break a marriage, a family, or a career.
Attitude
If you use your debit or credit card for all of your purchases, what is the easiest way to categorize and track your expenses for the month?
Bank Statement
The real power of the budget sheet is people can use the spending they track to do what?
Begin to align their budget sheet to their financial goals
These should be kept simple while still being useful.
Budget sheets
It is important to be prepared for your next job. This is part of what kind of plan?
Career
This is a lifetime occupation or profession, especially with advancement opportunity. It usually requires periodic educational training.
Career
This is the term for what you are going to do throughout your lifetime, something that you manage. It is not what you do right now to earn a paycheck.
Career
What job site has been around for more than 20 years and is also among the most visited job search sites? It is primarily known for low- to mid-level management positions, which is ideal for graduates with an associate's or a bachelor's degree.
CareerBuilder.com
Just as your career is something that you manage, this is something that you manage too. It begins with developing the right attitude.
College Career
This Lifestyle force is someone's heritage, way of life, way of thinking, and is a part of their what?
Culture
It doesn't take that much more work to be really exceptional. Always make sure to this to your work.
Double-Check
It is not going to be good enough to just graduate, even with a high GPA, if you want any chance at all of getting your what after graduation?
Dream job
You will find that you do not possess all the necessary skills and experiences required for your future what? Do not panic. Discovery is all part of the process. Remember, you are still in college and now is the time to acquire those skills.
Dream job
This is a 20-30 second summary of who you are and what you are looking to do.
Elevator Speech
Once you graduate, you will have a lot more money to manage. What will you also have a lot more of that will eat up that money?
Expenses
A career elevator speech is a 20-30 minute summary of who someone is and what they are looking to do.
F
A resume is an insignificant document as it is how you sell yourself in the interview that really matters.
F
An index fund is a reserve or cushion to get through the hard times, whether it is a period of unemployment or unexpected repairs for a car.
F
Even if a person knows what kinds of job they want to do and they know the geographic areas that have lots of those kinds of jobs, they can have great difficulty identifying specific employers for which they would like to work.
F
Even if a person knows what kinds of job they want to do and they know the geographic areas that have lots of those kinds of jobs, they can never identify specific employers for which they would like to work.
F
Good communication is only about the ability to write well or to deliver a good presentation.
F
Managing a career is not a financial decision.
F
Measurable financial goals emphasize how long.
F
Sending just a resume without a cover letter when applying for a job is always appreciated by recruiters as they are busy and know the job you are applying for.
F
The final step in developing a positive attitude at work is to believe in oneÕs self.
F
The four "WÓs of career management provide a lens through which to view a career plan.
F
Unlike like a financial plan, a career plan does not include setting career goals and objectives.
F
Completing a degree in the field of a dream job has no impact on the chances of getting the next job on that dream career path.
False
It is not substantially important to be prepared for the next job along the way in a good career path plan.
False
The purpose of the resume is to get a job.
False
Your employer will move you along in your career.
False
Because there are all kinds of complex terms that seem confusing, for many people, this beginning and important step can often be very scary.
Financial Planning
What do you want to do, where do you want to do it, who do you want to do it for, and where do you want to be in five years, provide the bases for your college career plan. We call them what?
Four "W"s
What is achieved by controlling your expenses, not by increasing your income?
Freedom
The next time your professor has a group assignment, what should you volunteer for?
Group Leader
This is currently the most visited job search site in the United States. It is an aggregate site that pulls job listings from thousands of company Web sites, job boards, and more. Some employers even post directly to this website.
Indeed.com
Ira is being considered for a promotion from Assistant Director to Director of the Center for Personal Financial Research at Big State University (BSU). He and RuAnn are the final two candidates for the position being interviewed by the selection committee. RuAnn has more experience in personal financial research than Ira and appears to be the stronger candidate. What must Ira do in his interview with the selection committee to get the promotion?
Ira must convince the selection committee that he brings greater value than RuAnn to the position
What skills are very important to every employer in every field? You have a great opportunity to gain experience building these skills while you are in college.
Leadership
If you think of yourself as a car, every car has standard equipment like an engine, tires, and radio. But cars that come with upgrades like heated leather seats and GPS would be considered _________. Are you the standard edition, or do you come with these upgrades?
Luxury
Reviewing and updating your budget this often will help make you more aware of where your money goes.
Monthly
An employer must make:
More from their employee than what the employee costs them
Regardless of what you may have been told, according to recent studies, how many of us are special?
None
It doesn't matter if you are a freshman or a senior, or anywhere in between. When should your job search begin?
Now
This lifestyle force considers you may be caring for children, aging parents, adult children, children with disabilities, etc.
Number of Dependents
A good one of these lets you evaluate where you are in your college career and identify opportunities that will give you the skills and experiences a potential employer finds attractive.
Plan
Time is on your side if you are under the age of 30. What should you start investing towards now to ensure you meet this goal far into your future?
Retirement
Ira and RuAnn graduate from college this year with the same degree. They both are good students, but Ira will graduate at the top of his class. RuAnn was vice president of the student government association, completed a summer study abroad in Germany, and interned with a local pharmaceutical company. Ira focused on his studies for most of his time in college. RuAnn is deciding between two very good job offers while Ira is still interviewing but has no job offer. What is the most likely difference between Ira and RuAnn?
RuAnn focused on answering the "Three W's" while in college while Ira focused on his classroom work only
To sell any product, you first have to understand it. Honestly and critically evaluate yourself. Identify your strengths and weaknesses. Evaluate yourself based on what talents and skills the companies you want to work for find valuable. To what is this referring?
Selling Yourself
Applicants with a less than perfect resume are the first to go. Because of this, what do you remove from your resume to stay in contention?
Silly Mistakes
These skills will improve with the more presentations you give in class which is why it is important to volunteer in group projects, but this may not be enough.
Speaking
What word in S.M.A.R.T. goal setting means we should avoid general terms such as, "I plan to be a millionaire"? Instead, it means something more precise, such as "I want to buy used sports car two years after graduation" or "I want to pay off my credit card balance."
Specific
What should your resume emphasize as it relates to the requirements of the job?
Strengths
Answering yes to the question: "Do I have enough money, or would I like to have more?" does not mean most people are greedy; it means most people are practical.
T
As more experience is gained with developing a budget, it becomes easier to set aside money for unanticipated or non-monthly expenses.
T
Businesses only spend money on things that make them money or add value to the company.
T
Financial goals include short-term, mid-range and long-term goals.
T
How careers are managed is one of the biggest financial decisions most people make.
T
If a person knows what kinds of job they want to do and they know the geographic areas that have lots of those kinds of jobs, they can identify specific employers for which they would like to work.
T
Most people cannot separate their financial life from their professional life.
T
To avoid any last-minute surprises, it is a good idea to drive to the place where a job interview will be held at least one day in advance and at the same time as the interview.
T
Although a resume is the tool that helps secure an interview, a well written cover letter provides the incentive for a potential employer to read the resume.
True
It is a good idea to be the first person a boss thinks of when he or she has a critical assignment that must be done right and must be done on time.
True
The purpose of the resume is not to get a job, but to get an interview.
True
What job site has jobs posted by state and county to quickly see what is available in a particular geographical area? You can also select by college or university, which will list jobs in or around the city or town where the college is located.
USAJobs.gov
Sticking to the budget is the difficult part because it does not simply involve numbers; It involves what?
Using self-discipline
This stage in the Financial Life Cycle includes your peak earning years, children leaving home, and focusing on your own wealth building. At this stage, you work towards maximizing your retirement contributions and invest any excess funds to prepare for your upcoming retirement years.
Wealth Accumulation Stage
Begin by asking yourself What kind of work do I want to do? Do you prefer inside sales or outside sales? Do you want to be a manager? Do you want customer interaction? Would you like to work in manufacturing? Would you like to work in retail? Do you want to work in the healthcare industry? How about for a software company? These are all questions you should ask when addressing which "W"?
What do you want to do?
The first step in developing a positive __________ at work is to believe in one's self.
attitude
One thing a __________ will do is to show where the money is spent.
budget
This makes it easy to understand why a shortage occurred and whether it was a one-time shortfall or something that is going to repeat each month.
budget sheet
An obvious expense included in the transportation category on a budget sheet is a ___________.
car payment
Just like a financial plan, a __________ plan includes setting career goals and objectives and then implementing a plan that gets one to where they want to be.
career
If you are in college full-time, what is your number one priority?
college
A budget sheet should easily be this so that it makes the most sense for each individual.
customized
For most people, how they manage their career is one of the biggest personal financial __________ they will ever make.
decisions
How careers are managed is one of the biggest financial __________ most people make.
decisions
If a person knows what kinds of job they want to do and they know the geographic areas that have lots of those kinds of jobs, they can identify specific __________ for which they would like to work.
employers
Examples of these are paying off a car over the next 18 months or saving enough money to pay for a tropical vacation next summer.
goals
Personal financial ____________ can be short-term, mid-range, or long-term.
goals
These can be short-term, mid-range, or long-term.
goals
Almost always the only first chance to impress a potential employer or hiring manager is through what?
interview
It is up to the individual to take the steps necessary to succeed and stand out above everyone else so that they can advance in their job; that is why it is called a career what?
ladder
What word in S.M.A.R.T. goal setting emphasizes how much? For example, not "I want to save more money", but "I will put $10 each week in the cookie jar."
measurable
There is absolutely no connection between a person's net worth and their worth as a what?
person
It is important to take proactive steps to keep a career balanced and in line with __________ goals and objectives.
personal
A __________ is a critical document for anyone seeking a new job.
resume