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Financial ServicesWhat Are Your Financial Values
Your values are beliefs or ideas that you consider important or desirable. Everyone has values, but everyone does not value the same things equally. To help you recognize some of your own money values, (1) read the pairs of words below, (2) then circle one item in the pair that would be your first choice in answering the question, "If you had an extra $100, on which of the two items would you spend your money?"
You must make one choice in each pair. 1a. Housing (Dream Home/Vacation Home) 2a. Education: Self/Others 3a. Retirement Savings/Investments 4a. Social Activities/Eating Out 5a. Education: Self/Others 6a. Personal Appearance/Grooming/Clothes 7a. Retirement Savings/Investments 8a. Hobbies/Sports 9a. Housing (Dream Home/Vacation Home) 10a. Vacation/Travel 11a. Hobbies/Sports 12a. Vacation/Travel 13a. Church/Charitable Giving 14a. Housing (Dream Home/Vacation Home) 15a. Hobbies/Sports 16a. Church/Charitable Giving 17a. Personal Appearance/Grooming/Clothes 18a. Retirement Savings/Investments 19a. Education: Self/Others 20a. Personal Appearance/Grooming/Clothes ____ Car (Adapted from the High School Financial Planning Program (NEFE@), 1992.) Now you can rank your values. Write down the values (car, retirement, charity, etc.) having the highest number of "votes." This list reflects the items you consider most important in their order of importance. By knowing your values, you can make sure your goals and attitudes reflect your values. The closer they all match your spending plan, the easier it will be to reach your financial goals and financial security. Did you learn anything new about yourself in this activity? |
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