Money My Way - Attitude to money
Your own attitude is one of the first and most important things you'll need to think about when you're trying to make changes in the way you manage your money. This page will help you to be aware of your own attitude to money and make changes if you need to. You'll be given some tasks to do and resources to try. Good luck!
Task 1: What's your attitude?
The first thing you'll need to do is grab a piece of paper and a pen. Think about how other people you know deal with money and what affects how you think about money (this could be things like the news, things that happen in your life, whether you have a job or not). Make a note of what you think your attitude to money is - are you a careful saver? Generous? Too flash?
This quiz from the BBC will help you to understand how you think about money, and how it could be affecting how you spend and save it. Take the quiz and try to answer honestly - your answers will be compared to 100,00 other people, and your results will be based on who you match most closely with.
After you've taken the quiz, ask yourself, do the results sound like you? Do they match what you thought about yourself before taking the quiz?
From the results page, select 'Your Risks' and make a note of any points you're concerned about. You can use the risks to plan what steps you'll take to improve the way you manage your money.
Task 2: Take a Money Health Check
This Money Health Check from the Money Advice Service will ask you a few questions about your current situation and, based on your answers, will give you some materials to help you. It's a good place to start if you think you need to make a few changes to how your spend your money at the moment.
Try and answer as honestly as you can - it's worth taking a few minutes over so that you get the best advice you can. When you're finished, you'll be given three plans. DON'T try to deal with them all! Just pick the ones that seem most important to you, and try those first.
Task 3: Make a note!
The Money Health Check plans can be long with lots of suggestions, so it might be useful to make a quick note of:
- 1 thing that would be easy for you to do straight away
- 1 thing that would be harder to do, but that you want to do
- 1 thing that you need to learn more about
Take a look at what you've written down. Why not try doing those things today?
Session plan for tutors
If you're a tutor, you might find it useful to use the session plan below to support this topic.