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What are your values?

What are your values?. Objectives: Students will understand how their values greatly influence their financial behavior Students will identify their values. Mr . Tenorio and Mr. Graves. Why do we spend/save money?.

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What are your values?

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  1. What are your values? • Objectives: • Students will understand how their values greatly influence their financial behavior • Students will identify their values Mr. Tenorio and Mr. Graves

  2. Why do we spend/save money? Turn to your neighbor/group and discuss:What are your reasons for spending money? What are your reasons for saving money?

  3. What is a Money Personality? • A Money Personality is: • A unique part of a person that guides interaction with money • Composed of personal value and beliefs about money • Influenced by attitudes, expectations, and emotions

  4. Why know about Money Personalities? • Understanding a money personality helps to identify money behaviors • Money behaviors can be classified as strengths or weaknesses to meeting goals • Money personalities and behaviors can be changed! Now we will take a money value survey!

  5. Money Value Survey

  6. Your money personality guides how you use money • Values • Beliefs • Attitudes • Expectations • Emotions • are part of your money personality

  7. Values and Beliefs • Constructed from life experiences with money • Have an intertwined and profound effect on financial behavior.

  8. Values • Things that are very important and desirable to you • Influence how you spend your • time • energy • money • People tend to be more satisfied with their money habits if they spend money based on their values

  9. Beliefs • An idea a person holds to be true about something • Beliefs about money may be based on facts or may be based on assumptions • People who use money based on facts are more likely to be financially successful!

  10. Beliefs • Some examples of beliefs not based on facts are: • You have to be lucky to have a lot of money • Leasing is cheaper than buying • Being rich will make you happy • All credit cards have similar annual fees and APRs • Money is safest hidden under a mattress • A missed credit card payment here and there won’t affect a credit record

  11. What are your values? • List the top 8 things you value the most in life. (Handout #1) Narrow your values on handout #1 down to five, then down to three. (Handout #2)

  12. Does Your Spending Behavior Reflect Your Values? • https://goo.gl/forms/iNHdkgk2eKVxTHat2

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