ROADMAPS- Session 8

In this session you’ll learn: Review Spending Leaks. Financial Literacy: Savings, Banking, Interest Rates,

Credit Cards and Credit Scores. How career choices affect your income.

“Spending Leaks” Assignment:

1. Share out the “Spending Leaks” assignment.2. Determine if you might want to make some

changes in how you spend money.

This isn’t you, is it?

What would happen if?...

1. You saved only $1 per day…$7 a week?2. You saved only $5 per day…$35 a week?

If you learn to save, you probably won’t have too many money problems…right?

Things to think about:How does the career you choose affect your income?

What employee characteristics are important to an employer?

How do education and training affect your salary?

Is entrepreneurism (running your own company) for you?

What employee benefits are important to you?

Did you know?...More education = more earning power

No High School Diploma Average Annual Salary: $20,724

High School Diploma

SomeCollege

Bachelor’sDegree

ProfessionalDegree

Average Annual Salary: $34,373

Average Annual Salary: $41,858

Average Annual Salary: $62,188

Average Annual Salary: $95,309

What Employers Want

The skills you’ll need:

Writing, Reading, Math

Critical Thinking

Collaborative Problem Solving

Time Management

Interpersonal Communication

Information Management

Technical Savvy

Initiative and Drive

The U.S. Government did a study to see what basic skills and abilities young adults need to obtain “high skill, high wage employment”.

There’s another career path you can take: Own Your Own Business,…it’s called Entrepreneurship

Bill Gates, Oprah Winfrey, Mark Zuckerberg, Simon Cowell…they haven’t done too bad.

There’s more to work than just money…

Earlier, you learned what employers want. But what do you want from an employer—beside money?

Employee benefits (additional benefitsoffered by employers) can include:

Paid VacationPaid Sick LeaveHealth-Plan BenefitsRetirement Plan ContributionsTuition Reimbursement

Plus/Delta Evaluating

Plus – Keep-Like Delta-Change