G1 © Family Economics & Financial Education – December 2005 – Enhancement Tools – Financial Values Funded by a grant from Take Charge America, Inc. to the Norton School of Family and Consumer Sciences at the University of Arizona Daily Information 2/6 (B) Objectives 1. Identify and analyze your values when it comes to spending money. 2. Explain how education affects earning potential. Warm Up Define the following: Value Goal Need Want Agenda 1.Warm Up review from (2/4) 2.Financial values P.P. 3. Career activity 4. Vocab. Section 1 5. Career Project Intro 6. Bottom Line

G1 © Family Economics & Financial Education – December 2005 – Enhancement Tools – Financial Values Funded by a grant from Take Charge America, Inc. to the Norton School of Family and Consumer Sciences at the University of Arizona Daily Information 2/6 (E) Objectives 1. Identify and analyze your values when it comes to spending money. 2. Explain how education affects earning potential. Warm Up Define the following: Value Goal Need Want Agenda 1.Warm Up 2.2 Truth, 1 Lie 3.Pre-test 4.Values Survey 4. Career activity Bottom Line

G1 © Family Economics & Financial Education – December 2005 – Enhancement Tools – Financial Values Funded by a grant from Take Charge America, Inc. to the Norton School of Family and Consumer Sciences at the University of Arizona Daily Information 2/6 (G) Objectives 1. Identify and analyze your values when it comes to spending money. 2. Explain how education affects earning potential. Warm Up Define the following: Value Goal Need Want Agenda 1.Warm Up 2.Pre-test 3.Values Survey 4. Career activity 5. Syllabus (homework) 6. Bottom Line

G1 © Family Economics & Financial Education – December 2005 – Enhancement Tools – Financial Values Funded by a grant from Take Charge America, Inc. to the Norton School of Family and Consumer Sciences at the University of Arizona Daily Information 2/7 (G) Objectives 1. Identify and analyze your values when it comes to spending money. 2. Explain how education affects earning potential. Warm Up What are some of the things you can do to increase human capital? Agenda 1.Warm Up 2.Values Survey 3. Career activity 4. Vocab. 5. Intro to Career Project 6. Bottom Line

G1 © Family Economics & Financial Education – December 2005 – Enhancement Tools – Financial Values Funded by a grant from Take Charge America, Inc. to the Norton School of Family and Consumer Sciences at the University of Arizona Daily Information 2/10 (A) Objectives 1. Identify and analyze your values when it comes to spending money. 2. Explain how education affects earning potential. Warm Up Take out the financial values survey from last class and complete. Agenda 1.Warm Up 2.Values Survey 3. Career activity 4. Vocab. 5. Intro to Career Project 6. Bottom Line

G1 © Family Economics & Financial Education – December 2005 – Enhancement Tools – Financial Values Funded by a grant from Take Charge America, Inc. to the Norton School of Family and Consumer Sciences at the University of Arizona Daily Information 2/11 (A) Objectives 1. Identify and analyze your values when it comes to spending money. 2. Explain how education affects earning potential. Warm Up Complete the Job to Career activity. Agenda 1.Warm Up 2. Vocab. 3. Intro to Career Project 4. Bottom Line

G1 © Family Economics & Financial Education – December 2005 – Enhancement Tools – Financial Values Funded by a grant from Take Charge America, Inc. to the Norton School of Family and Consumer Sciences at the University of Arizona Daily Information 2/10 (B) Objectives 1. Identify and analyze your values when it comes to spending money. 2. Explain how education affects earning potential. Warm Up What factors affect your earnings potential? Agenda 1.Warm Up 2.Financial values P.P. 3. Career Project Intro 4. Finish vocab. 5. Bottom Line

G1 © Family Economics & Financial Education – December 2005 – Enhancement Tools – Financial Values Funded by a grant from Take Charge America, Inc. to the Norton School of Family and Consumer Sciences at the University of Arizona Daily Information 2/10 (E) Objectives 1. Identify and analyze your values when it comes to spending money. 2. Explain how education affects earning potential. Warm Up Take out the financial values survey from last class. Agenda 1.Warm Up 2. Values Survey 3. Career activity 4. Vocab. 5. Intro to Career Project 6. Bottom Line

G1 © Family Economics & Financial Education – December 2005 – Enhancement Tools – Financial Values Funded by a grant from Take Charge America, Inc. to the Norton School of Family and Consumer Sciences at the University of Arizona Daily Information 9/8 Objectives 1. Identify and analyze your values when it comes to spending money. 2. Explain how education affects earning potential. Warm Up Define the following: Value Goal Need Want Agenda 1.Warm Up 2.Truth/Lie 3.Values Survey 5. Career activity 6. Exit Ticket

G1 © Family Economics & Financial Education – December 2005 – Enhancement Tools – Financial Values Funded by a grant from Take Charge America, Inc. to the Norton School of Family and Consumer Sciences at the University of Arizona Influences Value: belief or practice about what is desirable, worthwhile, and important Goal: the end result or accomplishment Need: something thought to be necessary Want: something unnecessary but desired

Financial Values Categories

G1 © Family Economics & Financial Education – December 2005 – Enhancement Tools – Financial Values Funded by a grant from Take Charge America, Inc. to the Norton School of Family and Consumer Sciences at the University of Arizona Class Talley Sheet Personal Value Categories# of Students – Highest Ranking Concern for Others8 Measure of Success2 Security9 Freedom & Flexibility14 Purchasing Power2 Status Seeking1 Necessity7

G1 © Family Economics & Financial Education – December 2005 – Enhancement Tools – Financial Values Funded by a grant from Take Charge America, Inc. to the Norton School of Family and Consumer Sciences at the University of Arizona Concern for Others Money can be used to help your family and friends, to support causes you believe in, and to make the world a better place for everyone. You would not want to choose a job that was harmful to others or unethical. You might consider a job in one of the helping professions.

G1 © Family Economics & Financial Education – December 2005 – Enhancement Tools – Financial Values Funded by a grant from Take Charge America, Inc. to the Norton School of Family and Consumer Sciences at the University of Arizona Measure of Success If this was your highest category, you think of your salary as a report card, the higher it is the better you are doing. You want to be at the head of the class. You may be willing to take calculated risks if the possibility of earnings is great enough.

G1 © Family Economics & Financial Education – December 2005 – Enhancement Tools – Financial Values Funded by a grant from Take Charge America, Inc. to the Norton School of Family and Consumer Sciences at the University of Arizona Security Those who score high in this area think that the best thing about money is the security it provides. You probably wouldn’t want to start your own business or invest your time and money in any kind of risky venture. You want to make sure all of your economic needs will be met, that you don’t have to worry about losing your job, your health, or your savings.

G1 © Family Economics & Financial Education – December 2005 – Enhancement Tools – Financial Values Funded by a grant from Take Charge America, Inc. to the Norton School of Family and Consumer Sciences at the University of Arizona Freedom and Flexibility People who like freedom and flexibility that money gives them don’t like to be controlled by others. They often find happiness in jobs as entrepreneurs. It is very important for them to be in charge of their own lives, to do what they want to do. Displaying your wealth is not important, but spending extra income for travel and household help would be a priority.

G1 © Family Economics & Financial Education – December 2005 – Enhancement Tools – Financial Values Funded by a grant from Take Charge America, Inc. to the Norton School of Family and Consumer Sciences at the University of Arizona Purchasing Power You will want to earn enough money to buy what you want, when you want it. It’s important to always have the most, the latest, and the best of everything. If you don’t make a salary to meet your needs, your are in danger of over-using your credit card.

G1 © Family Economics & Financial Education – December 2005 – Enhancement Tools – Financial Values Funded by a grant from Take Charge America, Inc. to the Norton School of Family and Consumer Sciences at the University of Arizona Status Seeking You like the recognition that money can bring and the status and power it can deliver. Money is a status symbol in our society, and people who have it are likely to be treated well. They have the material goods, and also the influence necessary to get other people to do what they want. You require a high paying job, or a job that lets you associate with wealthy people.

G1 © Family Economics & Financial Education – December 2005 – Enhancement Tools – Financial Values Funded by a grant from Take Charge America, Inc. to the Norton School of Family and Consumer Sciences at the University of Arizona Necessity You can live simply and happily with a small, but adequate income. You can accept a job you like even though it doesn’t pay very much.

G1 © Family Economics & Financial Education – December 2005 – Enhancement Tools – Financial Values Funded by a grant from Take Charge America, Inc. to the Norton School of Family and Consumer Sciences at the University of Arizona Human Capital Skills acquired through a process of self investment What are examples of things you can do to increase human capital? –Summer jobs –Volunteer –Extra-curricular activities

G1 © Family Economics & Financial Education – December 2005 – Enhancement Tools – Financial Values Funded by a grant from Take Charge America, Inc. to the Norton School of Family and Consumer Sciences at the University of Arizona Education vs. Income Higher Education = Higher Estimated Lifetime Earnings “Education is essential in getting a high-paying job. In fact, for all but 1 of the 50 highest paying occupations, a college degree or higher is the most significant source of education or training. Air traffic controller is the only occupation of the 50 highest paying for which this is not the case”

G1 © Family Economics & Financial Education – December 2005 – Enhancement Tools – Financial Values Funded by a grant from Take Charge America, Inc. to the Norton School of Family and Consumer Sciences at the University of Arizona Education vs. Income Educational Attainment U.S. Average Income (2007) Percentage of U.S. Population (2007) Not high school graduate $33, % High school graduate including GED $46, % Some college no degree $54, % Associate Degree$64,5378.9% Bachelor’s Degree$88, % Master’s, doctoral, professional degree $115, %

G1 © Family Economics & Financial Education – December 2005 – Enhancement Tools – Financial Values Funded by a grant from Take Charge America, Inc. to the Norton School of Family and Consumer Sciences at the University of Arizona Influences Values, Goals, Needs, Wants

G1 © Family Economics & Financial Education – December 2005 – Enhancement Tools – Financial Values Funded by a grant from Take Charge America, Inc. to the Norton School of Family and Consumer Sciences at the University of Arizona What Will Affect My Income? Choices you make now Values and Goals Educational Level Cost of Training Economy Resume and job hunting skills

G1 © Family Economics & Financial Education – December 2005 – Enhancement Tools – Financial Values Funded by a grant from Take Charge America, Inc. to the Norton School of Family and Consumer Sciences at the University of Arizona Career Activity –Open the document and save as your last name in your “H” drive –Complete activity –Save in your “H” drive –Submit for a grade by doing the following: File> SaveAs> Browse> Computer> Webdesign W drive> FREY 2014