{[ promptMessage ]}

Bookmark it

{[ promptMessage ]}

5-12-09 Thought Question

5-12-09 Thought Question - get any enjoyment o Avoiders May...

Info iconThis preview shows pages 1–2. Sign up to view the full content.

View Full Document Right Arrow Icon
- Thought Question - What types of issues do modern families face? - Issues Facing Families o Money o Time - Money o Money Personalities o Hoarders Like to save Prioritize financial goals (emphasis on security vs. liquidity) Sample helper Try to shop impulsively once a week for your pleasure. o Spenders Enjoy spending Have difficulty prioritizing (not future oriented). Sample Helper Try to put some money away one a week o Monk (don’t like to make money) Money corrupts Avoid investing or do so in socially responsible outlets. Sample Helper Spend Money on yourself in a way that you have considered selfish. Did you
Background image of page 1

Info iconThis preview has intentionally blurred sections. Sign up to view the full version.

View Full Document Right Arrow Icon
Background image of page 2
This is the end of the preview. Sign up to access the rest of the document.

Unformatted text preview: get any enjoyment? o Avoiders May not know about own money situation Avoid investing (too much trouble or too overwhelming) Sample Helper • Once a week address one aspect that is usually avoided, such as checkbook balancing. o Amasser Money = self worth/power High rates of return (to make as much as possible) Sample Helper • Try to spend one day not dealing with money at all. o Time Planning Fallacy • Individuals tend to underestimate their task completion times •...
View Full Document

{[ snackBarMessage ]}