Post on 12-Jan-2016
2.1.3.G1
Financial Decisions
2.1.3.G1
© Take Charge Today – August 2013 – Financial Decisions – Slide 2Funded by a grant from Take Charge America, Inc. to the Norton School of Family and Consumer Sciences Take Charge America Institute at the University of Arizona
What contributes to the decisions you make?
_______
________
________
2.1.3.G1
© Take Charge Today – August 2013 – Financial Decisions – Slide 3Funded by a grant from Take Charge America, Inc. to the Norton School of Family and Consumer Sciences Take Charge America Institute at the University of Arizona
What is a Value?
Value - a fundamental _______ or practice about what is desirable, worthwhile, and
important to an _____________
What do you value?
2.1.3.G1
© Take Charge Today – August 2013 – Financial Decisions – Slide 4Funded by a grant from Take Charge America, Inc. to the Norton School of Family and Consumer Sciences Take Charge America Institute at the University of Arizona
Everyone has different values
Family
Financial Security
?
_________
Helping others
_______
2.1.3.G1
© Take Charge Today – August 2013 – Financial Decisions – Slide 5Funded by a grant from Take Charge America, Inc. to the Norton School of Family and Consumer Sciences Take Charge America Institute at the University of Arizona
What influences your values?
FamilyFriends/
Peers _________
_________ Media ?
2.1.3.G1
© Take Charge Today – August 2013 – Financial Decisions – Slide 6Funded by a grant from Take Charge America, Inc. to the Norton School of Family and Consumer Sciences Take Charge America Institute at the University of Arizona
Needs and Wants
Needs – goods or services that are _________
for survival
Wants– the desire for goods and
services that can increase our
________ of life but are not absolutely necessary for our
survival
Perception of needs versus wants is dependent on personal __________
2.1.3.G1
© Take Charge Today – August 2013 – Financial Decisions – Slide 7Funded by a grant from Take Charge America, Inc. to the Norton School of Family and Consumer Sciences Take Charge America Institute at the University of Arizona
Why do needs and wants matter?
Will help you decide what to spend and not spend your money on
Trade-off - _________ up one thing for
another
Opportunity cost – the ________ of
the next best alternative that
must be forgone as a result of a
decision
Use trade-offs and opportunity costs to help you
make these decisions
2.1.3.G1
© Take Charge Today – August 2013 – Financial Decisions – Slide 8Funded by a grant from Take Charge America, Inc. to the Norton School of Family and Consumer Sciences Take Charge America Institute at the University of Arizona
Making Financial Decisions
Analyzing _____________
and ______________
will help you make decisions
2.1.3.G1
© Take Charge Today – August 2013 – Financial Decisions – Slide 9Funded by a grant from Take Charge America, Inc. to the Norton School of Family and Consumer Sciences Take Charge America Institute at the University of Arizona
Why is it important to understand what influences your decisions?
Understanding what __________
your financial decisions
Decisions that create _____
well-being
Well-being - Feeling good about one’s _________
2.1.3.G1
© Take Charge Today – August 2013 – Financial Decisions – Slide 10Funded by a grant from Take Charge America, Inc. to the Norton School of Family and Consumer Sciences Take Charge America Institute at the University of Arizona
What are three things you did today that involved money in some way?
• ________ plays a large role in life – affects well-being
• Money can create both _________ and negative feelings
2.1.3.G1
© Take Charge Today – August 2013 – Financial Decisions – Slide 11Funded by a grant from Take Charge America, Inc. to the Norton School of Family and Consumer Sciences Take Charge America Institute at the University of Arizona
What is the first word you think of when you hear the word “money?”
This course will help you learn how to _________ your money
positively
Help create ________ feelings about money
High __________
________
Do these words prompt positive and/or negative feelings?
2.1.3.G1
© Take Charge Today – August 2013 – Financial Decisions – Slide 12Funded by a grant from Take Charge America, Inc. to the Norton School of Family and Consumer Sciences Take Charge America Institute at the University of Arizona
What does the statement “your
present self impacts your future self” mean
to you?
What does the statement “you are
better off in a community than by
yourself” mean to you?
Themes of the course
You are ______________ for
yourself.
Your present self ____________ your
future self.
_______________ helps manage risk and allows you to cope with ________ and
uncertainty.
You are better off in a _______________ than
by yourself.
2.1.3.G1
© Take Charge Today – August 2013 – Financial Decisions – Slide 13Funded by a grant from Take Charge America, Inc. to the Norton School of Family and Consumer Sciences Take Charge America Institute at the University of Arizona
How do you _________ with money?
Earning – Did you know that working at a job isn’t the only way to earn money?
Receiving – Have you ever received a gift from a relative or friend?
Saving and Investing – Do you know the difference between saving and investing?
Spending – Did you know that spending involves a lot more than handing over money?
Giving - Did you know that giving is a part of spending?