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6.1 Attitudes towards money

 
How good are you with money?
Exercise – How good are you with money worksheet
Exercise – How do you spend money?

Everyone has their own values and attitudes to money, this can be a product of our upbringing or due to life experiences.

This section will help you explore your own values and attitudes towards money and start to help you build a picture of how you manage your finances.

How good are you with money?

Click here to download the totals sheet and answer the following 12 questions about how good you are with money. This will give you an idea of what you may need to improve on.

1. How good am I at being in control of my money?

2. How good am I at understanding the difference between the essential things to spend my money on and the non-essential things?

3. How good am I at prioritising my spending?

4. How good am I at keeping a simple record of money coming in and going out?

5. How good am I at controlling my spending and making sure I buy the important things first?

6. How good am I at recognising my regular financial commitments? e.g. rent, phone bills, household bills, priority debts?

7. How good am I at knowing the costs involved in running a place of my own?

8. How good am I at saving?

9. How good am I at knowing different ways of saving and places to save? e.g. credit unions, banks, post offices, building societies?

10. How good am I at staying out of debt?

11. How good am I at knowing what might happen if I get into debt or don’t save up for the future?

12. How good am I at knowing where to go for information and advice on money issues, including advice on managing debt?

To get a better insight into what you spend your money on complete this worksheet also.

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