At SAGE, we believe that the most meaningful financial decisions begin with clarity around what matters most to you. Understanding your core money values helps ensure that your financial choices reflect your family’s priorities.
When you align your finances with your values, you can begin to see your wealth not only as a resource but as a tool for purpose-driven living. Whether that means funding a child’s education, supporting a cause you care about, or planning family experiences, values provide a compass that helps guide your decisions.
Where Values Meet Real Life
Imagine that your family values education. That may mean setting aside funds for college instead of planning a luxury vacation. That said, that doesn’t mean you have to forego joy. Perhaps the family opts for a meaningful in-state getaway rather than a three-week trip abroad. The key is intention.
Here is how you can begin to define and act on your financial values as a family:
Reflect on Past Decisions: Start by looking at the choices you’ve already made. Patterns in your behavior often reveal what you value most.
For instance, think about:
- Have you prioritized building an emergency fund over discretionary spending?
- Do you regularly give to charitable organizations or community causes?
- Are there traditions from past generations (such as saving, giving, or investing) that you want to continue?
Open the Conversation: Defining shared values requires dialogue. Bring your family together for a thoughtful conversation, especially with the adults and older teens. You might even offer a few reflection questions in advance to give everyone involved time to prepare.
Consider asking:
- As it relates to money, our family values _____.
- What does financial success mean to you personally?
- What are your top three life priorities, and how does money support these goals?
These discussions give a voice to each family member, helping foster understanding and connection. Involving the next generation can build health financial habits early on, showing how values like education, generosity, or financial freedom can influence real-world decisions.
Define Your Core Values: As themes emerge from your conversations, write down values that resonate most. These will form the foundation for future financial decisions.
Common values may include:
- Security: Building financial resilience throughs savings, insurance, or planning
- Education: Investing in lifelong learning and opportunities for growth
- Generosity: Giving back to others and supporting causes that matter
- Freedom: Reducing debt, increasing flexibility, and having choices
- Preparing for the responsible transfer of wealth to future generations
This isn’t a one-time exercise. It’s an ongoing journey. Revisit your values regularly to ensure your financial decisions remain aligned as your family evolves.
Let Your Values Lead the Way
Money is about more than just the numbers, it’s about intention. By defining and living your money values, you create a financial path that is grounded in purpose and aligned with what truly matters to you and your family. We’re here to help you turn those values into action through strategic planning, personalized advice, and meaningful conversations.
