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What is a routine decision you have made today?

A decision is a choice

that affects a person’s

life.

Two Types:

Routine

Major

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© Take Charge Today – November 2014 – Making Wise Decisions – Slide 3Funded 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

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Routine Decisions

Are made on a day-to-day basis

Don’t require a lot of time to think through

They can become a habit in daily life

For example, deciding…

• What to wear in the morning

• What to pack for lunch

• Where to sit on the school bus

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© Take Charge Today – November 2014 – Making Wise Decisions – Slide 4Funded 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

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Major Decisions

Have long-term effects on a person’s

life

Should be made very carefully and with a

lot of thought

For example, deciding…

• What type of car to buy

• To attend college or not

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© Take Charge Today – November 2014 – Making Wise Decisions – Slide 5Funded 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

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Your Decisions

On your post-it notes write decisions you have made

in the past week

Are they routine or major?

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© Take Charge Today – November 2014 – Making Wise Decisions – Slide 6Funded 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

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Financial Decisions

A type of major decision

Impacts an individual’s or family’s well-being

• Well-being is the state of being happy, healthy, and prosperous

For example…

• Saving for a family vacation

• Spending money wisely

• Purchasing new items

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© Take Charge Today – November 2014 – Making Wise Decisions – Slide 7Funded 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

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Decision-Making Process

1 • Identify the problem

2 •List alternatives

3 •Decide

4 •Evaluate the Results

Guides individuals

to think through

all components of

making a good

decision

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Steps 1. IdentifyKnow the problem or

question before

searching for an answer

2. List Alternatives

Brainstorm pros and

cons for all of the

possible choices

3. Make the choiceThe best option for you.

4. Evaluate the ResultsReflect to improve future choices

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Ryan’s grandparents gave him $150.00 for his

birthday, but he is having trouble deciding what to

do with it. There are so many options for him to

choose from. He can put his money into a savings

account, he can buy a new phone, or he can buy

his best friend a birthday present and go to the

movies.

Help Ryan make a wise choice?

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© Take Charge Today – November 2014 – Making Wise Decisions – Slide 10Funded 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

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So Many Choices!

There are many different options to chose when

making a decision

Every option has a consequenceWhat

opportunity

costs did Ryan

give up with each

possible choice?

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Values

Values are fundamental beliefs or practices about

what is desirable, worthwhile, and

important

People have different values that influence the

decisions they make

The decision-making process can:

• identify personal values

• develop the best solution to a problem

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Benefits of Good

Decision Making

Making better

choices results in

better use of time,

money and other

resources

When decision

making skills

improve, quality of

life is enhanced

Your present

choices impact

your future life