Personal Financial Planning

The natural abilities that people possess are called ________

Aptitudes

A commitment to work in a field that you find interesting and fulfilling is called a ________

Career

________ are things we buy & use often, while ________tend to last a long(er) time.

Consumable goods and Durable goods

A _____ is the personal letter that you present along with a resume.

Cover Letter

The ________ is the ways in which people make, distribute, & use their goods & services.

Economy

________is the rise in the level of prices for goods and services over time

Inflation

________are goods that cannot be touched, & ________are tasks done for you.

Intangible goods and Services

The price that is paid for the use of another's money is called ________.

Interest

A(n) ________is a self-assessment that matches your interests with potential careers.

Interest Inventory

A(n) ________ is a position in which a person receives training by working with people who are experienced in a particular field.

Internship

The ability to easily convert your financial assets into cash without a loss in value is called ______

Liquidity

An experienced employee serving as a guide for a less-experiences person is called a(n) ________

Mentor

When you give up something when you make one choice instead of another, it is called a(n) ________

Opportunity Cost

_______ is arranging to spend, save, & invest money to live well, have security, & achieve goals.

Personal Financial Planning

________is the amount of money you may earn over time.

Potential Earning Power

A one-or two-pages summary of your education, training, experience, and qualifications is called a ______

Resume

________ is the chance of injury, loss or damage.

Risk

________ goals are accomplished in less than 1 year & ________goals are accomplished 1 or more years down the road.

Short-term and long-term goals

The degree of material comfort known as ________also determines our ________

Standard of living/Cost of living

________is the availability of a good or service while ________is the desire to have it.

Supply and demand

________are beliefs and principles you consider important, correct, and desirable.

Values