Personal Finance Section 3 Vocab

Job

work that you do mainly to find money

Career

a commitment to work in a field that you find interesting and fulfilling

standard of living

a measure of quality of life based on the amounts of kinds and services a person can buy

Trends

developments that mark changes in a particular area

potential earning power

the amount of money you may earn over time

Aptitudes

natural abilities that people posses

interest inventories

tests that help you identify the activities you enjoy the most

demographic trends

these are tendencies of people grouped by age, gender, ethnicity, education or income that change over time

geographic trends

tendencies of people from one area of the country to another

service industries

businesses that provide services for a fee

Internship

a position in which a person receives training by working with people who are experienced in a particular field

cooperative education

a program that allows students to enhance class room learning with part time work related to their majors

Networking

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

informational interview

a meeting with someone who works in an area of your interest who can provide you with practical information

resume'

a one or two page summary of your education, training, experience and qualifications

cover letter

a personal letter that present along with your resume

pension plan

a retirement plan that is funded at least in part by an employer

Mentor

an experienced employee who serves as a teacher and counselor for a less experienced person

cafeteria style benefits

a program that allows workers to choose benefits that best meet their personal needs