Smart Money Training Program

Topic 3.1: Values & Money

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Understanding your values can help you set achievable financial goals.

What Are Values?

The deep-rooted beliefs you have about what is desirable, good, and important to you are known as values.  

• Your values are the people, things, and places that are important to you and guide how you make decisions.

• Values grow from family upbringing, culture, religion, education, and personal experiences.

• Your values shape how you prioritize your time and energy, respond to situations, and make many of your life choices.

Everyone has a unique set of personal values that define their moral compass, shape their personal relationships, and influence their overall life path.
 

What Are Money Values?

Money values are an extension of your personal values, defining how you think about money and manage your finances. They are guiding principles that shape your relationship with your money, savings, and overall financial situation.

Money values are often formed throughout one's life based on experiences, upbringing, and the actions and advice of those around you, such as family, friends, and role models.

Taking the time to identify your money values can help you make smarter financial decisions for yourself.

Aligning Behavior with Values

Understanding your personal values can help you set achievable financial goals. 

That’s because you are more likely to keep working toward a goal that brings you closer to the life you want to live or the objectives you set for yourself.

Remember the Key Takeaways:

• Your values reflect how you view and interact with money.

• Making sure your values and your financial habits align could make it easier to meet your goals.