2.1.3.G1 Financial Decisions

2.1.3.G1 © Take Charge Today – August 2013 – Financial Decisions – Slide 2 Funded by a grant from Take Charge America, Inc. to the Norton School of Family and Consumer Sciences Take Charge America Institute at the University of Arizona What contributes to the decisions you make? Financial Decisions _______ ________

2.1.3.G1 © Take Charge Today – August 2013 – Financial Decisions – Slide 3 Funded by a grant from Take Charge America, Inc. to the Norton School of Family and Consumer Sciences Take Charge America Institute at the University of Arizona What is a Value? Value - a fundamental _______ or practice about what is desirable, worthwhile, and important to an _____________ What do you value?

2.1.3.G1 © Take Charge Today – August 2013 – Financial Decisions – Slide 4 Funded by a grant from Take Charge America, Inc. to the Norton School of Family and Consumer Sciences Take Charge America Institute at the University of Arizona Everyone has different values Family Financial Security ? _________ Helping others _______

2.1.3.G1 © Take Charge Today – August 2013 – Financial Decisions – Slide 5 Funded by a grant from Take Charge America, Inc. to the Norton School of Family and Consumer Sciences Take Charge America Institute at the University of Arizona What influences your values? Family Friends/ Peers _________ Media ?

2.1.3.G1 © Take Charge Today – August 2013 – Financial Decisions – Slide 6 Funded by a grant from Take Charge America, Inc. to the Norton School of Family and Consumer Sciences Take Charge America Institute at the University of Arizona Needs and Wants Needs – goods or services that are _________ for survival Wants– the desire for goods and services that can increase our ________ of life but are not absolutely necessary for our survival Perception of needs versus wants is dependent on personal __________

2.1.3.G1 © Take Charge Today – August 2013 – Financial Decisions – Slide 7 Funded by a grant from Take Charge America, Inc. to the Norton School of Family and Consumer Sciences Take Charge America Institute at the University of Arizona Why do needs and wants matter? Will help you decide what to spend and not spend your money on Trade-off - _________ up one thing for another Opportunity cost – the ________ of the next best alternative that must be forgone as a result of a decision Use trade-offs and opportunity costs to help you make these decisions

2.1.3.G1 © Take Charge Today – August 2013 – Financial Decisions – Slide 8 Funded by a grant from Take Charge America, Inc. to the Norton School of Family and Consumer Sciences Take Charge America Institute at the University of Arizona Making Financial Decisions Financial Decisions WantsNeedsValues Analyzing _____________ and ______________ will help you make decisions

2.1.3.G1 © Take Charge Today – August 2013 – Financial Decisions – Slide 9 Funded by a grant from Take Charge America, Inc. to the Norton School of Family and Consumer Sciences Take Charge America Institute at the University of Arizona Why is it important to understand what influences your decisions? Understanding what __________ your financial decisions Decisions that create _____ well-being Well-being - Feeling good about one’s _________

2.1.3.G1 © Take Charge Today – August 2013 – Financial Decisions – Slide 10 Funded by a grant from Take Charge America, Inc. to the Norton School of Family and Consumer Sciences Take Charge America Institute at the University of Arizona What are three things you did today that involved money in some way? ________ plays a large role in life – affects well-being Money can create both _________ and negative feelings Well-being Money

2.1.3.G1 © Take Charge Today – August 2013 – Financial Decisions – Slide 11 Funded by a grant from Take Charge America, Inc. to the Norton School of Family and Consumer Sciences Take Charge America Institute at the University of Arizona What is the first word you think of when you hear the word “money?” This course will help you learn how to _________ your money positively Help create ________ feelings about money High __________ ________ Do these words prompt positive and/or negative feelings?

2.1.3.G1 © Take Charge Today – August 2013 – Financial Decisions – Slide 12 Funded by a grant from Take Charge America, Inc. to the Norton School of Family and Consumer Sciences Take Charge America Institute at the University of Arizona What does the statement “your present self impacts your future self” mean to you? What does the statement “you are better off in a community than by yourself” mean to you? Themes of the course You are ______________ for yourself. Your present self ____________ your future self. _______________ helps manage risk and allows you to cope with ________ and uncertainty. You are better off in a _______________ than by yourself.

2.1.3.G1 © Take Charge Today – August 2013 – Financial Decisions – Slide 13 Funded by a grant from Take Charge America, Inc. to the Norton School of Family and Consumer Sciences Take Charge America Institute at the University of Arizona How do you _________ with money? Earning – Did you know that working at a job isn’t the only way to earn money? Receiving – Have you ever received a gift from a relative or friend? Saving and Investing – Do you know the difference between saving and investing? Spending – Did you know that spending involves a lot more than handing over money? Giving - Did you know that giving is a part of spending?