Career / Estate Planning Unit
Consumer Economics
Unit Overview
I.
II.
III.
Doing a Self-Inventory
Getting a Job
Estate Planning
I.
Doing a Self-Inventory
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Standards
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Values
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Established levels of quality or quantity to measure
against
What does success mean to you?
Strongly held beliefs and principles about what is
worthwhile
Based on culture, religious beliefs, family upbringing,
etc.
Examples: honesty, respect, kindness, courtesy,
fairness
Priorities
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Based on combination of values and standards
Doing a Self-Inventory (cont’d)
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Long-Term Goals
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Short-Term Goals
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College, careers, marriage, children, etc.
Good grades this semester, save money for a concert
ticket, make the varsity team
Human vs. Non-Human Resources
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Human – energy, knowledge, skills, talents,
imagination, determination (video)
Non-human – time, money, material/technological
resources, community resources, natural resources
II. Getting a Job
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Employment Trends
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Technology – are you keeping up?
Outsourcing – make yourself indispensable
Cultural diversity – speaking different languages
Resume/Cover Letter
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Sample resume on page 111
One or two pages maximum
Be honest, organized, positive (link)
Make sure to ask references when including them
Use action verbs, include all relevant experiences
Double, then triple check for errors!
Getting a Job (cont’d)
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Job Application
Fill in completely, legibly, and honestly
• Certain questions cannot be asked (link)
• Dress appropriately when getting/submitting application
• Job Interview (link)
• Dress appropriately, be well groomed, etc.
• Watch your nonverbal signals
• Sell yourself
• Be positive
• Ask questions
• End on a positive note
• Send a follow-up letter/e-mail thanking them for their
time
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IV. Estate Planning
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Executor
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Person in charge of handling the affairs of the estate
Takes inventory of assets, settles debts, pays taxes
May be attorney or family member / friend
Will
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Legal document wherein you decide how your estate
is to be distributed after your death
In most states, you need to be 18 to draft one
Components
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Identify an executor
Identify a guardian for children under 18, if needed
Give instructions for liabilities
Give instructions for assets
Estate Planning (cont’d)
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Wills (continued)
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Living Will
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Your final wishes if you are near death, cannot communicate
Trust
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If no will exists, you die intestate (state decides who gets
what)
Wills should be typewritten, signed, and dated
Witnesses must see you sign, then sign themselves
Codicil – amendment to the will
Keep a copy in a safe deposit box; original with executor
Alternative to will; don’t have to go through probate
Trustee can be a person (lawyer) or an institution (bank)
Power of Attorney
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Assign someone else the right to act on your behalf
If you are out of the country, undergoing treatment, etc.