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Exploring Values, Needs & Wants. What are Values?. Something that is desirable, worthwhile, and important Influenced by family, friends, teachers, coaches, television, and movies Each person has different values which guide his/her daily decisions. Best Friend Advertisement.

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Presentation Transcript
what are values
What are Values?
  • Something that is desirable, worthwhile, and important
  • Influenced by family, friends, teachers, coaches, television, and movies
  • Each person has different values which guide his/her daily decisions
best friend advertisement
Best Friend Advertisement
  • Write an advertisement for a best friend
    • Include at least five qualities or characteristics you desire or value in a friend
    • Describe why those qualities are important
needs vs wants
Needs vs. Wants
  • Need - something necessary or required for life
  • Brainstorm examples of needs
    • Food, water, clothing and shelter
how much money does a person need
How Much Money Does A Person Need?
  • Families in India earn $1.00 to $2.00 a day.
  • Could your family live off $1.00 to $2.00 a day?
  • What do you think families in India think theyNEED?
  • How do values influence needs?
    • You need shelter, but do you NEED a mansion?
    • You need clothes, but do you NEED designer clothes?
needs vs wants6
Needs vs. Wants
  • Want - something unnecessary but desired
  • May increase the quality of living or make a person happier
  • Brainstorm examples of wants
    • MP3 player, Play Station, designer clothes
  • How do values influence wants?
    • If being popular or having all of the newest gadgets is valued, a person may have a lot of wants
you decide
Car

Nike Sneakers

Hot Tub

Computer

Food

i-Pod

Cell Phone

Clothes

You Decide!
spending money
Spending Money
  • How do values influence how people spend money and make financial decisions?
    • If an individual values helping others, he may decide to give money to a church or other charitable groups
  • How do needs and wants influence how people spend money and make financial decisions?
remember
Remember…
  • Value - Something that is desirable, worthwhile, and important
  • Need - something necessary or required for life
  • Want - something unnecessary but desired
  • A person’s values and perception of needs and wants influence personal financial decisions!