Identifying Your Money Values

The video discusses the importance of understanding personal money values to set effective financial goals. It explains how money choices reflect personal values and offers examples of common money values like security, freedom, and comfort. The video emphasizes aligning financial goals with these values and provides resources for further learning and support.

Why is it important to understand your money values?

• To impress others

• To make good financial goals

• To avoid saving

• To spend more money

What do your spending choices reflect?

• Your friends' opinions

• Your income

• Your values

• Your job

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What might happen if you don't know what you value?

• You will become rich

• You will not spend any money

• You will spend money on meaningless things

• You will save more money

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Which of the following is a common money value?

• Safety and security

• Buying luxury cars

• Winning the lottery

• Gambling

What does valuing freedom in terms of money mean?

• Spending money on anything

• Making choices on how to spend money

• Not spending any money

• Saving all your money

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How can money values change over time?

• They remain the same

• They change as priorities change

• They change every month

• They change with the weather

Why is it important to refresh your money values?

• To keep up with trends

• To align with changing priorities

• To spend more money

• To impress others

What should you do once you find out your money values?

• Spend all your money

• Create financial goals that align with them

• Ignore them

• Tell everyone about them

Where can you find more information on creating good financial goals?

• At a shopping mall

• By reading a novel

• By visiting mymoneycoach.ca

• By watching TV

How can you book a free and confidential appointment with a credit counselor?

• By sending a letter

• By calling 1-888-527-9999

• By visiting a bank

• By emailing a friend