Values Auction Worksheet

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1 A1 Values Auction 80 Total Points Possible Name Date Class Allocate $1,000 among the different items individuals may value to indicate how much you value each item. No two items may have the same amount allocated. Your top five items must have a dollar amount indicated. Use whole dollar amounts for each item. After you indicate your initial allocation, rank each item s importance. One should be the highest amount allocated, or most important, and five should be the least amount allocated or least important. During the auction, record the highest amount personally bid in the third column and the top bid which purchased the item in the fourth column. Following the conclusion, rank your values again based upon how much you actually bid or different conclusions made from the discussion. Item Amount Rank Highest Top Bid Rank # Allocated #1 Amount I Bid during the auction Mom or Dad (parents/guardians) Friends and Friendship Vacations Home & Family Home Community Pets/Animals Boyfriends/Girlfriends Technology (TV, Computers, etc.) Sports (all types) Food Money Social Life Shopping Health Freedom Education Family Economics & Financial Education Revised September 008 Values, Needs vs. Wants, & Goal Setting Unit Values Auction Page 4

2 A Values Auction 80 Total Points Possible Name Date Class Allocate $1,000 among the different items individuals may value to indicate how much you value each item. No two items may have the same amount allocated. Your top five items must have a dollar amount indicated. Use whole dollar amounts for each item. After you indicate your initial allocation, rank each items importance. One should be the highest amount allocated, or most important, and five should be the least amount allocated or least important. During the auction, record the highest amount personally bid in the third column and the top bid which purchased the item in the fourth column. Following the conclusion, rank your values again based upon how much you actually bid or different conclusions made from the discussion. Item Amount Rank Top Bid during the Rank # Allocated #1 auction A Comfortable Life (a prosperous life) Equality An Exciting Life (stimulating, active life) Family Security Highest Amount I Bid Freedom (independence, free choice) Happiness Inner Harmony (no inner conflict) Mature Love (spiritual intimacy) National Security (protection from attack) Pleasure (an enjoyable leisurely life) Salvation (deliverance from sin/eternal life) Self Respect (self esteem, feeling good) Sense of Accomplishment (a contribution) Social Recognition (respect, prestige) True Friendship Wisdom Family Economics & Financial Education Revised September 008 Values, Needs vs. Wants, & Goal Setting Unit Values Auction Page 5

3 A Values Auction Reflection 14 Total Points Possible My top five valued items are: Name Date Class The top five items valued by the class: I believe my top five items were the same or different compared to the class averages because How did you determine what values were most important to spend the most amount of money? What is one example of how your values influenced your spending plan in the past month? Why is a spending plan for each individual different, even if they have the same amount of money? Family Economics & Financial Education Revised September 008 Values, Needs vs. Wants, & Goal Setting Unit Values Auction Page 6

4 B1 Assessment Values Auction Reflection Essay Rubric Name: Date: 1. Write a one page typed, double-spaced, 1pt. font with 1 inch margins essay on the values auction activity.. Write a reflection essay about the top five valued items and what was learned from this activity. The essay should provide specific examples of why those items were valued the highest.. Grading will be based upon the following rubric. Writing Skills and Completion Exemplary - Satisfactory - Unsatisfactory - 1 Rating Weight Score Essay includes Essay includes Essay lists only two five values and three values and values and an examples of what examples of example of what that those values what those value personally personally mean. values personally means. mean. Essay includes at least three examples of things learned from the activity. fluent and effective. Very few errors in word usage. easily read and neatly assembled. All answers have been attempted. quality is excellent. Essay includes two examples of things learned from the activity. generally controlled. Minor errors in word usage. adequate. Answers may be missing, incomplete or too brief. quality is adequate. Essay lists only one example of what was learned from the activity. generally adequate. Lapses occur in grammar. incomplete. Answers show lack of attention. is sloppy. Total Points Available 0 Family Economics & Financial Education Revised September 008 Values, Needs vs. Wants, & Goal Setting Unit Values Auction Page 10

5 B Assessment Values Auction Catalog Rubric Name: Date: 1. Create a catalog including pictures and clear descriptions of the top five values indicated at the end of the auction by either creating one on a computer using the Values Auction Reflection Catalog Instruction sheet F1 or by using the Values Auction Reflection Catalog Template E1.. Grading will be based upon the following rubric.. Attach your completed values auction worksheet chart to your final project. Graphics Chart Completion Creativity Exemplary - Satisfactory - Unsatisfactory - 1 Rating Weight Score 5 values are -4 values are Fewer then values shown with shown with -4 are shown with less pictures and a pictures and a then pictures and minimum of 100 description that descriptions are word clear and could be clearer. poor. concise description of the value. 5 values have pictures that All rows and columns of the chart are completed and it is attached to the final project. It is creative, neat, and all requirements are met. -4 values have pictures that A majority of the chart has been completed or it was not attached to the final project. It is difficult to follow or all requirements are not met. Fewer then values have pictures that The chart was not completed and not attached to the final project. It is sloppy, and all requirements are not met. Total Points Available 0 Family Economics & Financial Education Revised September 008 Values, Needs vs. Wants, & Goal Setting Unit Values Auction Page 11

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