money tutorial >> step 2>>evaluating your money personalities>> part 3>>money exercise
Do Money Exercises
You've now reached part 3 of Step 2 - Evaluating Your Money Personalities
On the previous page you got an opportunity to look at which money personality you are.
In order to go forward with this money tutorial take
out a little time and do the following exercise.
Do this Money Exercise
Step One
Take a look at all three personalities. Which one are
you.?
Step Two
Examine yourself very closely and be truthful
to yourself because you need to understand
yourself when it comes to how you handle your money.
Remember you are aiming at keeping more of your money and you need to do this exercise to start a
fresh money keeping journey.
Step Three
Write down which one you are
Step Four
Learn why You have the attitude you have toward money by examining the things below
Things that might motivates you to be a Spender
It could possibly be due to:
- Environment control
- Family Issues
- Upbringing or background
- Lack of financial education
- Lack of money management skills
- Impulsiveness
- Do not have a financial plan
- Do not follow a budget
- Lack of understanding the value of money
- Enjoy buying things
- Do not want to save
- Never thought about it
- Didn't think you had enough money to save
What motivates you to be a Spender and a Saver
Here’s some possibly reasons
- Enviroment
- Non-Impulsiveness
- Family History or Upbringing
- Have basic money management skills
- Is somewhat financial literate
- Follows some kind of financial plan
- Have a budget
- Enjoys both spending and saving
- Is looking out for the future
- Past financial crisis
- Religious reason
- and many more
Lastly, what motivates you to be all three
Many things could possible be the reason why you chooses to spend some of your money, save a little of your money and invest some too.
- Enviroment
- Enjoy both spending, saving and investing
- Is looking out for the future
- Past Experiences
- Learned money management skills while you were long
- Married an individual that is all three
- Is very financially educated
- Has a financial plan and follow it
- Has a budget and follows it
- and many more
- Understand the financial aspect of things
- Know basic investment information
- Looking out for retirement
Step Five:
Write down which one of the above things you think contributes to how to you handle money.
Step Six:
Do Money Question Exercise Next. Click Next Money Exercise below to get the questions.
Continue Step 2 >> Money Questions
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Hi, I'm Abbie.
Your financial
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