Behavioral Economics - Unit 1

Front

Life Values are . . .

Back

The principles in life that are important to you

Front

Financial Values are . . .

Back

Unrelated to how much money we have, these values reflect what we think or believe about money

Front

Inner Values are . . .

Back

Our personal identity (how we see ourselves) and our social identity (how we believe others see us)

Front

Physical Values are . . .

Back

The tangible aspects of life, the external world, our physical health and well-being

Front

Social Values are . . .

Back

Principles that are important to you because of the community in which you live

Front

The Bean/Rock Game caused us to differentiate between

Back

needs and wants

Front

Jed said, "I made a budget for myself in my personal finance class and used my values to decide how I want to use my money." What does Jed mean by this?

Back

Jed identified what is important to him and used that knowledge to decide how to use his money.

Front

What are social values, as they pertain to money?

Back

How your family, friends, and community members impact your feelings about money

Front

Financial values are . . .

Back

These values reflect what we think or believe about money

Front

What is one thing you would NOT do if you are trying to decrease social media influences in your life? Options: Spend more time playing chess with friends, Go to the gym, Increase your time on SnapChat and TikTok, Read a book

Back

Increase your time on SnapChat and TikTok