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Money Management: Control Your Cash

Lesson 1-3 Decisions

When you can't count on a steady income stream, money decisions can be challenging. All you can do is make the best decision with the resources and information you have at the time. Taking time upfront to establish your must-have criteria for an acceptable outcome might prove more efficient and cost-effective than a trial-and-error method for deciding how to use your limited money resources.

What You’ll LearnApply mindful strategies when faced with money decisions.

Taking it Home

  • Talk to your family members about a decision they are facing as a family. Then, create a D-E-C-I-D-E chart to guide the family through an intentional decision-making process.

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Related Resources

Talking Points for Parents:

While your teen is learning about financial goals and decision-making, consider ways to reinforce learning from home.

  • Include your teen in spending decisions such as selecting TV or Internet service, choosing a phone plan, buying a car, or creating a grocery shopping list. (Tip: Follow the D-E-C-I-D-E steps listed on page 40 of the Student Guide.)