DECISION MAKING
YOUR PRACTICE
DECISION:
WHICH CANDYBAR
SHOULD I BUY?
STEPS TO MAKING A
DECISION
 Define the problem
 Write it down
 Brainstorm possible solutions, choices, &
options.
 Important decisions are best made after an evaluation of all the options have
been considered
 Explore & evaluate the outcomes of
choices
 Rank, choose, evaluate, and narrow down
 Make a decision and act on it.
 Do what needs to be done, be flexible
 Rock Paper Scissors
 Did you do any of this during the game?








Stew over it for days
On a whim
Out of habit
Based on tradition
Out of guilt
Based on other’s expectations
Using facts and logic
Using you values
 Evaluate the results
 Looking at results of the decision and evaluating
 Accept responsibility for the results
 Consequence – Every decision has them.
 We don’t always know what the end will be
but follow values and goals to help decide.
 Everyday routine decisions
should be consistent with our
VALUES and GOALS.
 Important decisions should be
made by evaluation of all the
OPTIONS.
How do I make a Financial
Plan?
5. Create and use your financial plan of
action.
How do I make a Financial
Plan?
6. Review and revise your plan.
As we get older and our circumstances, our
finances, needs, and wants will change,
therefore, our financial plan must be
flexible as well.
Values strongly influence our
spending habits. We don’t
usually spend our money on
things we do not feel are
important. Typically, the
more important something is,
the more we are willing to
spend on it.