Which of the following is an example of how financial goals change due to a value shift? (1 point)
A. buying a new wallet due to wear and tear to your current wallet
B.moving from the city to suburbs after having children
C. replacing a new phone after losing your old phone
D. selling your old computer online to have funds for a new computer
B. moving from the city to suburbs after having children
B. moving from the city to suburbs after having children
To determine which of the options is an example of how financial goals change due to a value shift, we need to understand what a value shift is. A value shift refers to a change in one's priorities, beliefs, or ideals, which can influence their financial decisions and goals.
Now let's examine each option:
A. Buying a new wallet due to wear and tear to your current wallet: This option does not relate to a value shift. It might be a simple replacement due to functionality, but it does not suggest a change in priorities or values.
B. Moving from the city to suburbs after having children: This option is an example of how financial goals change due to a value shift. The decision to move from the city to the suburbs is often influenced by changing values and priorities associated with family, safety, and quality of life.
C. Replacing a new phone after losing your old phone: This option does not necessarily indicate a value shift. It is a common response to losing a phone, which is more of a practical decision rather than a change in values.
D. Selling your old computer online to have funds for a new computer: This option does not represent a value shift. It could be a financial decision based on upgrading or replacing outdated technology, but it does not imply a change in personal values or priorities.
Based on the above analysis, the correct answer is B. Moving from the city to suburbs after having children. This option reflects a change in financial goals due to a value shift associated with starting a family.