Inquiry Questions
Inquiry Questions
How do I currently make decisions about spending or saving my money?
How much do factors like advertising and peer pressure affect my spending/saving decisions?
How do my values affect my money decisions?
How might I take more control, make better decisions, and have a better chance of achieving my financial goals in life?
Key Terms: Budgeting and expense tracking; Income; Assets vs. liabilities; Debt; Time value of money, Risk and diversification
ATL Skills
Exercise 1: Money decisions
Exercise 1: Money decisions
Objective:
Does money control you or do you control money?
Activity: Complete this Worksheet 1
Box 1: Free write. What would you do with $5000?
Box 2: What was the last significant money decision that you made?
Box 3: Brainstorm all of the demands for money you have in order to live. Be as complete as possible.
Exercise 2: Track your expenses
Exercise 2: Track your expenses
Objective:
Become more aware of the cost of living.
Activity: Track all of your direct and indirect expenses for two weeks.
Learn more
Learn more
Video: What is Financial Literacy (izzitEDU, 2020)
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