A Look from the Treetop

Transcription

1 2.1.1.L1 Note Taking Guide A Look from the Treetop 25 Total Points Possible Name Date Class Directions: Complete the following note taking guide with short answers. Define job: (2 points) An occupation is a wide category of with similar characteristics. (2 points) Directions: Fill in the following blanks with letters to complete each word. (5 points) A career is influenced by: I F C N R E E I S Generally, the more an individual has the more they have the opportunity to make. (2 points) List three of your needs: (3 points) 1) 2) 3) CHALLENGE: If Jimmy dropped out of high school what would his average income be? (2 points) How will this affect Jimmy s standard of living? (4 points) List three of your wants: (3 points) 1) Define well-being: (2 points) 2) 3) Family Economics & Financial Education Revised January 2010 Get Ready to Take Charge of Your Finances Does Money Grow on Trees? Page 6

2 2.1.1.A1 Mind Mapping Directions: For the first two mind maps, use examples that have been given during the PowerPoint presentation G1. For the third mind map, complete it using your own example. 21 Total Points Possible 1. Career Name Date Class 2. Career 3. Career Family Economics & Financial Education Revised January 2010 Get Ready to Take Charge of Your Finances Does Money Grow on Trees? Page 7

3 A DAY IN THE LIFE OF BILL A2 14 Total Points Possible Name Date Class Read this story carefully and answer the following questions. It is early in the morning as Bill hops into his pickup and drives to the construction site. Upon arrival he checks the building progress at the front entrance. The concrete pad is being poured and he recalls his experience in high school when he helped his dad pour a foundation for a deck. He talks with the concrete manager about the safety issues of the entrance for icy conditions. As Bill walks away, he receives a phone call from the drywall crew supervisor who has questions about a room. Bill clearly describes the room dimensions with precise measurements instead of estimating because of his past job responsibility in detail work at Hal s Cabinetry. Working at Hal s Cabinetry taught him the importance of precision and also helped pay for college to earn a bachelors degree in Construction Management. Before he knows it, it is lunchtime. Bill stops for a minute to eat and begins to think of a new idea for a project in his free time. Bill enjoys working on small woodwork projects with his daughter. Their latest passion is building intricate doll houses. Bill loves working with others to make attractive and neat products. Abruptly, Bill s daydreaming is interrupted as he receives a progress report from the Electrician. It pleases Bill immensely that the building is actually ahead of schedule. In the afternoon, Bill works on a cost estimate for an upcoming job he will bid on. After a successful day of work, Bill meets a former colleague for a cup of coffee. They regularly meet to discuss ideas and to talk about the upcoming sites they will soon build. Then, Bill arrives home after a long, hard day of a job well done. List three of Bill s past and/or present jobs, other than his work at the construction site? (1 point each) Many of Bill s jobs are related and fall under one main category of work. What is Bill s occupation? (1 point) a. Farmer b. Tradesman c. Investor d. Educator Bill s lifetime journey has impacted his career. Describe these events and relationships? (2 points each) Family Friends Education Work Leisure Activities BONUS! (1 point) What is Bill s current job title? Family Economics & Financial Education Revised January 2010 Get Ready to Take Charge of Your Finances Does Money Grow on Trees? Page 8

4 2.1.1.A3 A Snapshot of My Future 20 Total Points Possible Name Date Class Directions: Log on to the Jumpstart website at Read the introductory paragraph and click on Enter. Answer each question by clicking on the button to the left of the desired item. When finished, click on Reality Check to get your results. Print the results page and answer the questions below. Attach the results page to this sheet. 1. Briefly summarize how you want your future to look when you live on your own by describing your wants in the following areas: (5 points) Housing: Transportation: Food: Clothing: Entertainment: 2. Were there more expenses than you imagined? Why or why not? (1 point) 3. What is one expense that you might be able to eliminate or decrease? Why? (2 points) 4. What is one expense you would not be willing to give up? Why? (2 points) 5. How much money you would need to make per hour? (1 point) per week? (1 point) 6. List one job and its salary that falls into this pay scale? (2 points) 7. What level of education will you need? (1 point) 8. Why does education level impact your salary? (5 points) Family Economics & Financial Education Revised January 2010 Get Ready to Take Charge of Your Finances Does Money Grow on Trees? Page 9

5 2.1.1.A4 Does Money Grow on Trees? 20 Total Points Possible Name Date Class Directions: Match the following terms with its definition. Each question is worth one point. 1. Wide category of work experiences with similar characteristics. 2. A work role with a specific organization. 3. A lifetime journey of building and making good use of your skills, knowledge, and experiences. A. job B. career C. occupation Directions: Read the following story and fill in the remaining boxes in the chart below to identify Sandy s career, aspects or her occupation, and jobs. Each box is worth one point. Sandy has always enjoyed decorating. After many years she finally has her own business, Sandy s Home Décor. This dream started many years ago when she stripped paint from the interior walls of homes for her dad s painting business. She loved seeing the fun colors and textures of the walls. In high school she worked at a local hardware store mixing paint. While she was in college pursuing a degree in Interior Design, she cut fabric at a local fabric store. She was then promoted to the textile headquarters to dye custom-made fabrics. After she graduated from college, she worked part-time at a flower shop where she designed floral wedding displays. Meanwhile, she searched for a full-time job and soon an interior designer assistant position opened for a world renowned designer, LaDes Igner. Sandy applied and received the job and then worked 12 years for LaDes. After many years of gaining experience in Interior Design, Sandy has significant expertise to bring to her own small business. Career Textile Manufacturer Interior Designer Assistant Family Economics & Financial Education Revised January 2010 Get Ready to Take Charge of Your Finances Does Money Grow on Trees? Page 10

6 2.1.1.A4 Directions: Refer to the table for question 4 and 5. Circle the best answer. Each question is worth 1 point. Education Level Type of Work U.S. Average Income (2007) Not high school graduate job $33,913 High school graduate job, occupation $46,938 Associate Degree job, occupation, career $64,537 College Degree job, occupation, career $88,948 Graduate Degree job, occupation, career $115, Which education level generates the highest average income? a. Associate Degree b. Graduate Degree c. High school graduate d. College Degree 5. Why might a person who did not graduate from high school usually have various jobs instead of building a career? a. Limited occupational training. b. Lack of formal education in a certain field of study. c. May not have the required qualifications to apply for certain jobs. d. All of the above 6. An individual s standard of living is a. The maximum necessities, comforts, or luxuries wanted. b. Determined by the surrounding neighborhood. c. The minimum necessities, comforts, or luxuries thought to be essential. d. Determined by education level. Directions: Use complete sentences to answer the following questions. Each question is worth 2 points. 7. Describe the term want and give an example: (2 points) 8. Describe the term need and give an example: (2 points) 9. How is a family s well-being affected by how they spend their money? (2 points) Family Economics & Financial Education Revised January 2010 Get Ready to Take Charge of Your Finances Does Money Grow on Trees? Page 11

7 2.1.1.F1 Family Economics & Financial Education Does Money Grow on Trees? Money is made from paper and paper comes from trees, right? But wait Money doesn t really GROW on trees...so where does it come from? How does an individual acquire money? JOB A job is a work role within a specific organization. It can be paid or unpaid. Paid high school math teacher Unpaid volunteer teacher s aide An individual will hold between jobs in 6-8 different areas throughout their lifetime. OCCUPATION An occupation is a wide category of jobs with similar characteristics. Educator High School Teacher Youth Group Community Volunteer Leader What are two more jobs that fall under the occupation or umbrella of Fashion Designer? CAREER A career is a lifetime journey of building and making good use of skills, knowledge, and experiences. It is the total of all events and relationships in life: Family Work Friends Leisure Activities Education How might one s family impact their career? Family Economics & Financial Education January 2006 Get Ready to Take Charge of Your Finances Does Money Grow on Trees?

8 2.1.1.F1 EDUCATION MATTERS Generally, the more education an individual has, the more money they have the opportunity to make. The table below shows the direct relationship between completed education level, typical type of work, and the average income one can earn. Education Level Type of Work U.S. Average Income (2007) Not high school graduate job $33,913 High school graduate job, occupation $46,938 Associate degree job, occupation, career $64,537 College degree job, occupation, career $88,948 Graduate degree job, occupation, career $115,179 Why does a person with a graduate degree have the opportunity to earn more money than a person with a high school degree? STANDARD OF LIVING Money is used to support an individual or family s standard of living. A standard of living is the minimum necessities, comforts, or luxuries thought to be essential. A standard of living is determined by identifying needs and wants and making financial decisions accordingly. A person s income level must match or be higher than the cost of acquiring items for their chosen standard of living. NEEDS AND WANTS Identifying a standard of living at an early age is important in determining the level of education one must obtain, thus the type of job he/she will have. WELL-BEING Well-being is the overall state of being happy, healthy, and prosperous. An individual s or family s overall well-being is affected by: Manner in which money is gained A person s career choice How money is spent Need: A necessity or an essential item required for life. food, water, shelter Want: Unnecessary but desired items which increase the quality of living. chocolate, designer clothes, MP3 player Joe spends 3/4 of his earned money on items that are wanted, but not necessary. How might this affect his family s overall well-being? Family Economics & Financial Education January 2006 Get Ready to Take Charge of Your Finances Does Money Grow on Trees?