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Identify one factor that can influence your decisions around money.
Family members Social media Emotions (fear, gratitude, etc.) Values (needs vs. wants) Their financial situation, such as debt and how much they have saved The
Why is it important to know wht influences your financial decision making?
You can align your financial decisions with what you value You are aware of any negative habits you may have and take action to change them You are aware of a
What is a trade-off?
A tradeoff is something you gain or lose when you make a decision.
Why are trade-offs a part of every financial decision you make?
Tradeoffs are a part of every financial decision, because when you make your final choice, you are giving up the alternative!
Other than money, name one other thing you choose to spend.
Time and energy.
What is opportunity cost?
The value of options you didn't choose.
Name one choice you made today.
Answers will vary.
Why might someone decide to keep their money in a piggy bank?
A piggy bank keeps your money in one spot. This makes it easier for you to find your money when you need it. Keeping your savings in your room is handy, but it
Why might some people choose to keep their money in a savings account?
If you put your money in a savings account you can earn interest.
What is interest?
Interest is the money a bank or credit union pays you for keeping your money in a savings account.
