Money and Me Unit Vocabulary

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

• Marginal Value

• Exchange Value

• Financial Value

• Paradox Value

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

• Increasing Marginal Value

• Reduced Utility Margin

• Diminishing Marginal Utility

• Paradox of Value

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

• Inner Values

• Financial Values

• Core Values

• Life Values

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

• Inner Values

• Financial Values

• Core Values

• Life Values

The principles that are most important to you in your life

• Inner Values

• Financial Values

• Core Values

• Life Values

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

• Inner Values

• Paradox of Value

• Social Values

• Life Values

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

• Inner Values

• Physical Values

• Social Values

• Life Values

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

• Inner Values

• Physical Values

• Social Values

• Life Values

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

• Instagram Influencer

• TikToker

• Social Media Influencer

• Newspaper reporter

Which one is more valuable?

• Diamond

• Water