1. Values, Wants and Needs

2. Tootsie Frooties Experiment
Instant gratification is the desire to experience pleasure or fulfillment without delay or deferment. Basically, it's when you want it; and you want it now. Instant gratification is the opposite of what we've been taught and try too hard to practice — delayed gratification.

3. Values strongly influence our spending habits
Values strongly influence our spending habits. We don’t usually spend our money on things we do not feel are important. Typically, the more important something is, the more we are willing to spend on it.

4. Values
The beliefs and practices in your life that are very important to you.
Family
Friends
Work
Honesty
Self Reliance
Independence
Religion
The Financial Values Inventory is available at FinanceInTheClassroom.org
Or paste the following URL into your browser and scroll down to Financial Behavior.
** Financial Values Inventory

6. Supply and Demand (of the workforce) - A theory explaining the interaction between the supply of a resource and the demand for that resource. The law of supply and demand defines the effect that the availability of a particular product and the desire (or demand) for that product has on price. Generally, if there is a low supply and a high demand, the price will be high. In contrast, the greater the supply and the lower the demand, the lower the price will be.

7. Scarcity
“Scarcity is an economic principle stating that because of limited resources, an economic system cannot possibly produce all the goods and services that people want; therefore, choices must be made about how the limited resources will be used.”
-Consumer Economics & Education, Glencoe, 2003

8. NEEDS vs WANTS NEEDS Essentials…the basics of life Food Clothing
Shelter

9. NEEDS vs WANTS
WANTS
Simply increase the quality of living