Personal Finance

1. YOURVALUES & MONEY
Financial Responsibility and Personal Decision
Making
TSW: Define the concept of personal finance and
explain the importance of personal finance planning

2. WOULDYOU RATHER
HAVE 1 DIAMOND OR
5 BOTTLES OFWATER?
EXPLAINWHY.

3. The Paradox ofValue
Choosing where and
what we spend our
hard-earned money on
requires thoughtful
decision-making
Watch the video below

4. Your quiz
results

5. Click on the picture to learn about the four
types of “life values.” Complete the table on
how each value can affect your money habits.

7. How do people’s personal values and experiences affect how they make
financial decisions?
Which of the following statements best describes the concept of
“diminishing marginal utility?
• The less of an item you have, the less useful or enjoyable it
becomes
• The more of an item you acquire, the less useful or enjoyable it
becomes
• An item’s exchange value increases over time
• An item’s use value increases over time

8. ■ What are 3
areas of
money
management
that confuse
you?