1.17.4.A1 Worksheet

Family Economics & Financial Education – Revised September 2008 – Values, Needs vs. Wants, & Goal Setting Unit – Values Auction – Page 4 Funded by a grant from Take Charge America, Inc. to the Norton School of Family and Consumer Sciences Take Charge America Institute at The University of Arizona

Values Auction Worksheet

Name__________________

Date__________________

Class__________________

Directions: Allocate $1,000 among the different items individuals may value to indicate how much you value each item. No two items may have the same amount allocated. Your top five items must have a dollar amount indicated. Use whole dollar amounts for each item. After you indicate your initial allocation, rank each item’s importance. One should be the highest amount

allocated, or most important, and five should be the least amount allocated or least important. During the auction, record the highest amount personally bid in the third column and the top bid which

purchased the item in the fourth column. Following the conclusion, rank your values again based upon how much you actually bid or different

conclusions made from the discussion. Item

Amount

Allocated Rank

#1 Highest

Amount I Bid Top Bid

during the auction Rank #2

Mom or Dad (parents/guardians)

Friends and Friendship

Vacations

Home & Family

Home Community

Pets/Animals

Boyfriends/Girlfriends

Technology (TV, Computers, etc.)

Sports (all types)

Food

Money

Social Life

Shopping

Health

Freedom

Education

Total Points Earned 80 Total Points Possible

Percentage

1.17.4.A2 Worksheet

Family Economics & Financial Education – Revised September 2008 – Values, Needs vs. Wants, & Goal Setting Unit – Values Auction – Page 5 Funded by a grant from Take Charge America, Inc. to the Norton School of Family and Consumer Sciences Take Charge America Institute at The University of Arizona

Values Auction Worksheet

Name__________________

Date__________________

Class__________________

Directions: Allocate $1,000 among the different items individuals may value to indicate how much you value each item. No two items may have the same amount allocated. Your top five items must have a dollar amount indicated. Use whole dollar amounts for each item. After you indicate your initial allocation, rank each items importance. One should be the highest amount

allocated, or most important, and five should be the least amount allocated or least important. During the auction, record the highest amount personally bid in the third column and the top bid which

purchased the item in the fourth column. Following the conclusion, rank your values again based upon how much you actually bid or different

conclusions made from the discussion. Item Amount

Allocated Rank

#1 Highest

Amount I Bid

Top Bid during the auction

Rank #2

A Comfortable Life (a prosperous life)

Equality

An Exciting Life (stimulating, active life)

Family Security

Freedom (independence, free choice) Happiness

Inner Harmony (no inner conflict) Mature Love (spiritual intimacy) National Security (protection from attack)

Pleasure (an enjoyable leisurely life) Salvation (deliverance from sin/eternal life)

Self Respect (self esteem, feeling good) Sense of Accomplishment (a contribution)

Social Recognition (respect, prestige) True Friendship Wisdom

Total Points Earned 80 Total Points Possible

Percentage

1.17.4.A3 Worksheet

Family Economics & Financial Education – Revised September 2008 – Values, Needs vs. Wants, & Goal Setting Unit – Values Auction – Page 6 Funded by a grant from Take Charge America, Inc. to the Norton School of Family and Consumer Sciences Take Charge America Institute at The University of Arizona

Values Auction Reflection

Name_________________

Date_________________

Class_________________

Total Points Earned 14 Total Points Possible

Percentage

1. 2. 3. 4. 5.

The top five items valued by the class: My top five valued items are:

1. 2. 3. 4. 5.

I believe my top five items were the same or different compared to the class averages because…

Why is a spending plan for each individual different, even if they have the same amount of money?

How did you determine what values were most important to spend the most amount of money?

What is one example of how your values influenced your spending plan in the past month?