6.17.3.G1

© Family Economics & Financial Education – December 2005 – Enhancement Tools – Financial ValuesFunded 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 activity4. Vocab. Section 15. Career Project Intro6. Bottom Line

6.17.3.G1

© Family Economics & Financial Education – December 2005 – Enhancement Tools – Financial ValuesFunded 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 Lie3.Pre-test4.Values Survey4. Career activity5. 5. Bottom Line

6.17.3.G1

© Family Economics & Financial Education – December 2005 – Enhancement Tools – Financial ValuesFunded 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-test3.Values Survey4. Career activity5. Syllabus (homework)6. Bottom Line

6.17.3.G1

© Family Economics & Financial Education – December 2005 – Enhancement Tools – Financial ValuesFunded 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 Survey3. Career activity4. Vocab.5. Intro to Career Project6. Bottom Line

6.17.3.G1

© Family Economics & Financial Education – December 2005 – Enhancement Tools – Financial ValuesFunded 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 Survey3. Career activity4. Vocab.5. Intro to Career Project6. Bottom Line

6.17.3.G1

© Family Economics & Financial Education – December 2005 – Enhancement Tools – Financial ValuesFunded 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 Project4. Bottom Line

6.17.3.G1

© Family Economics & Financial Education – December 2005 – Enhancement Tools – Financial ValuesFunded 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 Intro4. Finish vocab.5. Bottom Line

6.17.3.G1

© Family Economics & Financial Education – December 2005 – Enhancement Tools – Financial ValuesFunded 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 Survey3. Career activity4. Vocab.5. Intro to Career Project6. Bottom Line

6.17.3.G1

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

Daily Information 9/8Objectives

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/Lie3.Values Survey5. Career activity6. Exit Ticket

6.17.3.G1

© Family Economics & Financial Education – December 2005 – Enhancement Tools – Financial ValuesFunded 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 ValuesFinancial Values

Categories

6.17.3.G1

© Family Economics & Financial Education – December 2005 – Enhancement Tools – Financial ValuesFunded 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 Others 8

Measure of Success 2

Security 9

Freedom & Flexibility 14

Purchasing Power 2

Status Seeking 1

Necessity 7

6.17.3.G1

© Family Economics & Financial Education – December 2005 – Enhancement Tools – Financial ValuesFunded 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.

6.17.3.G1

© Family Economics & Financial Education – December 2005 – Enhancement Tools – Financial ValuesFunded 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.

6.17.3.G1

© Family Economics & Financial Education – December 2005 – Enhancement Tools – Financial ValuesFunded 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.

6.17.3.G1

© Family Economics & Financial Education – December 2005 – Enhancement Tools – Financial ValuesFunded 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.

6.17.3.G1

© Family Economics & Financial Education – December 2005 – Enhancement Tools – Financial ValuesFunded 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.

6.17.3.G1

© Family Economics & Financial Education – December 2005 – Enhancement Tools – Financial ValuesFunded 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.

6.17.3.G1

© Family Economics & Financial Education – December 2005 – Enhancement Tools – Financial ValuesFunded 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.

6.17.3.G1

© Family Economics & Financial Education – December 2005 – Enhancement Tools – Financial ValuesFunded 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

6.17.3.G1

© Family Economics & Financial Education – December 2005 – Enhancement Tools – Financial ValuesFunded 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”

6.17.3.G1

© Family Economics & Financial Education – December 2005 – Enhancement Tools – Financial ValuesFunded 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, 912 15.2%

High school graduate including GED

$46,938 25.2%

Some college no degree

$54,881 21.8%

Associate Degree $64,537 8.9%

Bachelor’s Degree $88,948 18.7%

Master’s, doctoral, professional degree

$115, 179 10.2%

6.17.3.G1

© Family Economics & Financial Education – December 2005 – Enhancement Tools – Financial ValuesFunded 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

6.17.3.G1

© Family Economics & Financial Education – December 2005 – Enhancement Tools – Financial ValuesFunded 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

6.17.3.G1

© Family Economics & Financial Education – December 2005 – Enhancement Tools – Financial ValuesFunded 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