M7 Material Or Economic Self

Material / Economic Self MODULE 7

A man’s Self is the sum total of all that he can call his James William 1890

We regard our possessions as part of ourselves. We are what we have and what we possess. Russel Belk 1988

Philosophical Concept The material consist of things that belong to a person or entities that a person belongs to. Thus, things like the body family, clothes, and such make up the material self.

.BODY CV

James William Theory

The core of the material self; we strive to make sure the body function well. CV

. CLOTHES One way of expression of who they felt they were; contributes to forming and maintaining one`s self-image.

IMMEDIATE FAMILY

James William Theory

CV

 Immediate family is the nearest replica of ourselves.  A family member’s victory; victory of self. A failure of a family member may lead to the self’s shame or guilt.

CV HOME  Nearest nest of our selfhood; memories and experience  An extension of self; in it we can directly connect our self.

Philosophical Concept

The Material selfConsumer culture over centuries (2016) Article of Frank Trentmann

It manifested how times fly so fast that even the number or bulk consumption of vanity came into measurable weight from 1512 till present time.

Philosophical Concept Luxury was suspect from the beginning of classical civilization.

Plato, in his Republic: Corruption of a virtuous - frugal citizens’ lust for luxuries drove them to wars of conquest.

Philosophical Concept In Latin, luxury was easy to slip from the splendour of “luxus” to “luxuria”, riotous living, excess or lechery. For Christians, possessions might literally possess the soul, distracting believers from the true life of the spirit.

Philosophical Concept 18th Century, Jean Jaques Rosseau warned how luxury brought with it inequality at home and slavery in the New World -Someone had to grow the cocoa, sugar and coffee that consumers enjoyed in Paris and London.

Philosophical Concept David Hume defended the pursuit of moderate luxuries as a source of national wealth and cultural progress. -“Material self ”, objects helped make the person but they also showed what a person was made of it.

BUYING PREFERENCES “I shop therefore I am” by Barbara Kruger Shopping - expressive and constitutive existential act. A person is defined not by what they think, but what they own (through shopping).

Understanding shopping is important in determining race, culture, gender, class, family and community. - Belk 2016 -

BUYING PREFERENCES

Your styles and clothes you choose reflect and affect your mood, health, and overall confidence. Scientist call this phenomenon “enclothed cognition”, the two independent factors- the symbolic meaning of clothes and the physical experience wearing them.

BUYING PREFERENCES

The right-for-us clothing can contribute to one’s confidence, raise our self-esteem, and help propel us in the workplace has become a big business. But more than the value of the price of the clothes you wear, what is important is the value it gives to you wearing that clothes.

Consumerism It is a social and economic order and ideology that encourages the acquisition of goods and services is in ever-increasing, it is in economics as policies emphasize consumption.

Worth and success must not depend on possession of right “stuff” (material).

Consumer Protection

Wisdom from various people.

Stop shopping on some level.

Treat children as children, not as consumers.

Spend time in your core humanity rather than on stuff to place around tour core humanity.

Financial Literacy  Is the ability to understand how money works: how someone makes , manages, and invest it, and also expend it, (especially when one donates to charity) to help others.  Its important to understand common financial principle such as : financial goals, budgeting , investments, superannuation, contracts and employment methods

Financial Literacy

Financial Education It can benefit consumers of all ages and income levels. Strategy For young adults basics tools for budgeting and saving so that expenses and debt can be controlled.

Financial Literacy

Financial Literacy Level It affects quality of life significantly; ability to provide for yourself and family, your attitude to money and investment, as well as your contributions to your community.

Lifestyle Achieve lifestyle that is financially balanced, sustainable, ethical, and responsible.

In today`s economy, consumers are faced with many consumer and business decisions. Money can and often lead to fulfillment of happiness, but sometimes it is mismanaged

It is important that managing a family’s or person’s finances is not the same as managing a business finances. Businesses maximizes profits; they have to, or they will not stay in business. Families on the other hand, maximize the individuals members utility.

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