Kami Export - Financial Decisions Note Taking Guide 2 1 3 l1

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2.1.3.L1

FinancialDecisionsNoteTakingGuide

TotalPointsEarned

Name

TotalPointsPossible

Date

Percentage

Class
Directions:Usethepromptsprovidedtohelpyoutakenotesduringthelesson.

Values

Whatisavalue?

a fundamental belief of what is desirable, worthwile, and important to an individual

Everyonehasdifferentvalues.
Whataretwoexamplesofvalues?

happyness

financial security

NeedsandWants
Whatisaneed?

goods or services that are required for


survival

Whatisawant?

the desire for goods and services that


can increase our quality of life, but
aren't necessary for survival

Whatdeterminesaperson'svalues
comesfrommanysources.
Whataretwoitemsthatmay
influencevalues?

family

media

TradeoffsandOpportunityCost
Whatisatradeoff?

giving up one thing for another

Whatisopportunitycost?

the value of the next best alternative


that must be forgone as a result of a
decision

TakeChargeTodayAugust2013FinancialDecisions
FundedbyagrantfromTakeChargeAmerica,Inc.totheNortonSchoolofFamilyandConsumerSciencesTakeChargeAmericaInstituteatTheUniversityofArizona

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