Money & Me Vocabulary

How much you could obtain for an item at a later time

• Financial Values

• Life Values

• Exchange Value

• Paradox of Value

Decrease in satisfaction or usefulness from having one more of the same product

(a)  

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

• Financial Values

• Life Skills

• Financial Literacy

• Money Values

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

• Personality Type

• Inner Values

• Intrinsic Motivation

• Self-esteem

The principles that are most important to you in your life

(a)  

A social media user who has earned credibility with specific groups and who can use their large platform to market a product

• Social media tactics

• Social media platform

• Social media influencer

• Celebrity

The apparent contradiction between the high value of a nonessential item and the low value of an essential item

(a)  

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

• Material Clues

• Intrinsic Values

• Inner Values

• Physical Values

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

(a)  

Behavioral Economics

• the study of psychology as it relates to the economic decision-making processes of individuals and institutions.

• is an area of study that proposes psychology-based theories to explain market outcomes and anomalies.

• proposes that economic processes evolve and are determined both by individuals and society as a whole.

• is a branch of economics that focuses on the relationship between social behavior and economics.