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WHS Finance 3.01

Personal Finance

Career A lifetime journey of building and applying skills, knowledge, and experiences in paid employment positions
Career cluster Grouping of occupations and industries based on the knowledge and skills required
Formal continuing education Training for a specific set of new skills provided by experts in a particular field
Human capital The skills, knowledge, and experiences possessed by an individual
Industry Group of establishments (businesses) that produce similar products or provide similar services
Informal continuing education Occurs through social interactions, networking, life’s experiences, and reading
Job An activity through which an individual can earn money
Lifestyle Your habits, attitudes, tastes, moral standards and the amount of goods and services that you consume
Occupation Grouping of jobs that perform similar tasks
Standard of living The level of material comfort as measured by the goods, services, and luxuries you are able to purchase
Transferable skills Versatile skills that are applied to personal and professional roles
Created by: VNelsonWHS