Appendix 1.

02B

Good Decision/Bad Decision
Directions: Use space in the appropriate column to respond to questions in the center boxes about a good financial decision and a bad financial decision you have made.

Have you ever flipped a coin to make a decision? What habits and practices lead to good decisions? What habits and practices lead to poor decisions?

Describe a good financial decision and a bad financial decision you’ve made.

What factors led to this decision? What habits/practices/steps did you use?

What were the outcomes, positive and/or negative, of this decision?

How would you approach a similar decision in the future?

7086 Personal Finance

Unit A: Preparing to Live Independently

Summer 2010, Page 39

Appendix 1.02C

Steps in Decision-Making
Directions to Students: Use this graphic organizer to map the steps in a financial decision that you must make.

1. Identify the decision to be made

Resources

2. Identify resources and gather information

Relevant Information

3. Identify options (alternatives) 4. Identify pros and cons of each option (in boxes below)

Option A Pros: Cons: Pros: Cons:

Option B

Option C Pros: Cons: Pros: Cons:

Option D

5. Choose the best option. State your reason.

6. Put the decision into action.

7. Evaluate the outcomes of the decision.

7086 Personal Finance

Unit A: Preparing to Live Independently

Summer 2010, Page 40