Enduring Understandings

The student will understand:

• Factors such as values and personality are essential in considering an appropriate career for yourself
• An application is the first step in obtaining a job.
• A resume has four main parts to the document
• A cover letter is used to give additional information about you that can not be identified on a resume.
• The interview is the last chance you have to convince the prospective employer that you are right for the job.
• There are 5 different methods of paying someone for the work they perform.
• The local, state and federal governments require that we all pay taxes from our paycheck
• A W-2 is the form that provides payroll information for the year to complete the Income Tax Return
• There are different types of checking accounts, some will require more fees
• When writing a check you want to make sure it is difficult to alter the check.
• Depending on the situation, you want to make sure you use the appropriate endorsement on a check you received
• You want to shop around for a bank that includes many free services to eliminate your banking service fees
• When you reconcile your checking account with the bank statement, both account balances should equal each other in the end.
• Simple interest does not earn you as much money as compound interest.
• Compound interest can be paid at various periods of time.
• There are multiple retirement/savings plans so it is important to match the one with your needs.
• Calculating interest for a savings plan is similar to calculating savings for your credit card or loan
• The 4 Cs of credit help you to establish credit worthiness.
• Credit reports will rate your credit standing and provide personal information about you.
• Picking the proper type of loan is the key to saving money.
• Becoming familiar with a loan application prepares you for the questions you will be asked.
• A budget is a great way to save money and monitor your expenses.
• When you buy a car it is important that you explore your options of purchasing a new car or a used car.
• A lease is a very important document for you as the lessee.

Essential Questions

• How do values, interests and abilities effect career selection?
• What tips are imperative for you to consider when completing a job application?
• How can you present information about your personal qualifications?
• When you go for an interview, what are some important tips you should remember to give a good impression to the prospective employer?
• What are the varying ways that employees are paid for their work?
• What factors cause a difference between net pay and gross pay?
• What actions can I take to ensure that I maximize my return after paying taxes?
• What are the steps to opening a checking account?
• Why is it important for you to maintain accurate checks and an accurate record of checks written?
• What electronic services do banks offer with which you need to be familiar?
• How does the type of interest attached to my savings account impact my earnings?
• How do my personal savings goals impact the type of savings plan I select?
• What are the benefits and dangers of having credit cards?
• How do you determine the appropriate loan and lending institution to meet the array of needs you will have throughout life?
• What are key pieces of information that you must review before selecting and using a credit card?
• What are the short term and long term costs of owning an automobile?
• What are factors that you must consider in deciding between renting a residence and buying a residence? o What are the key components of a budget?