Practical Examples of Income & Earnings for High School Students

📚 Quick Study Guide

• ⏱️ Time Management: Balance school, extracurriculars, and work. Prioritize tasks and schedule effectively.
• 🎯 Skill Assessment: Identify your strengths and interests to find suitable income opportunities.
• 🤝 Networking: Leverage connections with family, friends, and teachers for job leads.
• 💼 Job Search Strategies: Use online job boards, local businesses, and school resources to find employment.
• 💰 Financial Literacy: Understand budgeting, saving, and basic financial principles to manage earnings wisely.
• 📜 Legal Considerations: Be aware of child labor laws and employment regulations in your area.
• 📈 Entrepreneurial Opportunities: Explore starting your own small business, like tutoring or creating and selling products.

🧪 Practice Quiz

1. What is the MOST important factor to consider when balancing work and school?
   1. A) Earning a large amount of money.
   2. B) Socializing with coworkers.
   3. C) Maintaining good grades and managing time effectively.
   4. D) Avoiding extracurricular activities.
2. Which of the following is a good way to identify potential income opportunities?
   1. A) Ignoring your interests and focusing solely on high-paying jobs.
   2. B) Assessing your skills and interests.
   3. C) Waiting for job offers to come to you.
   4. D) Only considering jobs that your friends are doing.
3. Networking primarily involves:
   1. A) Avoiding contact with people you know.
   2. B) Building and leveraging connections with people you know.
   3. C) Keeping your job search a secret.
   4. D) Only talking to people in high-level positions.
4. Which resource is MOST helpful for finding job openings?
   1. A) Ignoring online job boards.
   2. B) Contacting local businesses.
   3. C) Relying solely on newspaper ads.
   4. D) Avoiding your school's career resources.
5. Understanding budgeting and saving falls under which important life skill?
   1. A) Procrastination.
   2. B) Financial literacy.
   3. C) Ignoring expenses.
   4. D) Spending all your earnings immediately.
6. What should high school students be aware of regarding employment?
   1. A) Child labor laws and employment regulations.
   2. B) The ability to work unlimited hours.
   3. C) The lack of any workplace safety standards.
   4. D) The absence of required breaks during work.
7. Which of the following represents an entrepreneurial opportunity for a high school student?
   1. A) Giving away services for free.
   2. B) Starting a small business like tutoring.
   3. C) Avoiding any form of risk.
   4. D) Ignoring market demand.