1.1 Your Values and Money

Open Ended

Why do you think it is important to understand how values differ from person to person when making financial decisions?

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Multiple Choice

Which of the following best describes how personal values can impact financial decisions?

• Personal values influence what we prioritize spending money on.

• Personal values have no effect on financial decisions.

• Financial decisions are only influenced by income, not values.

• Personal values only matter for large purchases, not everyday spending.

Open Ended

What is the first thing you do when you earn or receive money?

Open Ended

So far, who specifically have you learned the most from about managing money?

Open Ended

What emotional reactions do you have when thinking or talking about money?

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Open Ended

1. For each of the life values listed below, identify which of the effects on money habits you related to.

• Inner

• Social

• Physical 

• Financial

Open Ended

2. Which life value do you believe has the biggest influence on how you view money?

Open Ended

3. From the answer you selected above, where do you believe you drew these influences from? 

Multiple Choice

According to the article, what are the four types of 'life values' that can impact your habits around money?

• Security, Adventure, Achievement, Relationships

• Wealth, Power, Fame, Health

• Education, Career, Family, Friends

• Happiness, Success, Respect, Freedom

Open Ended

How can your personal experiences and values affect your money management decisions, especially when resources are limited?

Fill in the Blank

As you go through life, your money values will change as your ___ change.

Open Ended

For each of the life values listed below, identify which of the effects on money habits you related to. Inner, Social, Physical, Financial. Which life value do you believe has the biggest influence on how you view money? From the answer you selected above, where do you believe you drew these influences from?

Multiple Choice

Which of the following is an example of a financial value influencing a money decision?

• Saving a portion of your paycheck every month

• Spending money to fit in with friends

• Exercising regularly to stay healthy

• Volunteering for a community event

Open Ended

How can your personal values impact your decisions about saving, spending, or investing money?

Multiple Select

Select all the values that can influence a person's money habits.

• Inner

• Social

• Physical

• Financial

Fill in the Blank

A value that relates to your relationships and interactions with others is called a ___ value.

Multiple Choice

Naresh started a new job and is having some of his paycheck deposited directly into a savings account. Which of the following values BEST explains why Naresh does this on a regular basis?

• Inner

• Social

• Physical

• Financial

Multiple Choice

You overhear your friend Ginny say, "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 Ginny mean by this?

• Ginny used the value of her bank account balance to decide how to use her money

• Ginny asked her friends and family for advice to decide how to use her money

• Ginny followed recommendations she saw on social media to decide how to use her money

• Ginny identified what is important to her and used that knowledge to decide how to use her money

Open Ended

Explain how personal values and social values together can influence someone's financial decisions.

Multiple Choice

What are social values, as they pertain to money?

• How you, personally, care and think about finances

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

• How companies and advertisement make you feel about money

• How banks and other financial institutions treat you and your money

Open Ended

How do personal values influence financial decisions?

Multiple Choice

Which of the following is NOT one of the learning objectives for this lesson?

• Practice making financial decisions

• Reflect on personal values and their influence on financial decisions

• Explore how values differ from person to person

• Learn how to invest in the stock market