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What are your values?

Explore how values shape financial behavior, discover your Money Personality, and rethink spending to align with your core beliefs. Identify values, beliefs, and attitudes impacting money habits.

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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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