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What is a routine decision you have made today? A decision is a choice that affects a person’s life. Two Types: Routine Major

1.1.2.G1 © Take Charge Today – November 2014 – Making Wise 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 G1 Routine Decisions Are made on a day-to- day basis Don’t require a lot of time to think through They can become a habit in daily life For example, deciding… What to wear in the morning What to pack for lunch Where to sit on the school bus

1.1.2.G1 © Take Charge Today – November 2014 – Making Wise 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 G1 Major Decisions Have long-term effects on a person’s life Should be made very carefully and with a lot of thought For example, deciding… What type of car to buy To attend college or not

1.1.2.G1 © Take Charge Today – November 2014 – Making Wise 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 G1 Your Decisions On your post-it notes write decisions you have made in the past week Are they routine or major?

1.1.2.G1 © Take Charge Today – November 2014 – Making Wise 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 G1 Financial Decisions A type of major decision Impacts an individual’s or family’s well-being Well-being is the state of being happy, healthy, and prosperous For example… Saving for a family vacation Spending money wisely Purchasing new items

1.1.2.G1 © Take Charge Today – November 2014 – Making Wise 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 G1 Decision-Making Process 1 Identify the problem 2 List alternatives 3 Decide 4 Evaluate the Results Guides individuals to think through all components of making a good decision

1.1.2.G1 Steps 1.Identify Know the problem or question before searching for an answer 2. List Alternatives Brainstorm pros and cons for all of the possible choices 3. Make the choice The best option for you. 4. Evaluate the Results Reflect to improve future choices

1.1.2.G1 R yan’s grandparents gave him $ for his birthday, but he is having trouble deciding what to do with it. There are so many options for him to choose from. He can put his money into a savings account, he can buy a new phone, or he can buy his best friend a birthday present and go to the movies. Help Ryan make a wise choice?

1.1.2.G1 © Take Charge Today – November 2014 – Making Wise 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 G1 So Many Choices! There are many different options to chose when making a decision Every option has a consequence What opportunity costs did Ryan give up with each possible choice?

1.1.2.G1 Values Values are fundamental beliefs or practices about what is desirable, worthwhile, and important People have different values that influence the decisions they make The decision-making process can: identify personal values develop the best solution to a problem

1.1.2.G1 Benefits of Good Decision Making Making better choices results in better use of time, money and other resources When decision making skills improve, quality of life is enhanced Your present choices impact your future life