1.1 Money Personality Flashcard

Front

When you receive your allowance or paycheck, what’s your first instinct?

Back

Spend it right away on things I want, Save a portion of it and spend the rest, Save most of it for the future, Ignore it for a while and think about it later.

Front

How do you feel when you think about saving money for future goals (e.g., college, buying a car)?

Back

It feels difficult to wait, and I’d rather enjoy life now.; I’m okay with saving, but I still want to spend a little.; I’m focused on saving for my future goals and avoid spending too much.; I prefer not to think about it too much and let things happen as they come.

Front

If you found a $50 bill on the street, what would you do?

Back

Spend it on something fun right away, spend some and save a little, save it for something important in the future, or leave it where I found it or think about donating it.

Front

How often do you make a budget or track your spending?

Back

I don’t keep track of my spending at all; Sometimes, but I don’t always stick to it; I try to stick to a budget and track my expenses regularly; I make sure to keep a close eye on my budget and saving goals.

Front

If you wanted to buy a new phone, how would you go about it?

Back

I’d plan ahead, research the best deals, and save over time.

Front

How do you feel when you're saving money for something important?

Back

I’m motivated and enjoy seeing my savings grow over time.

Front

If you receive a gift of money, how do you use it?

Back

Spend it on something I’ve been wanting, Spend part of it and save the rest, Save it for a bigger future goal or investment, I might donate it or put it into my savings account right away.

Front

Do you think about long-term financial goals (like retirement or college savings)?

Back

I’m always thinking about how I can save and prepare for the future.

Front

When making a major purchase (e.g., clothes, electronics), how do you decide what to buy?

Back

I carefully research and make sure it fits within my budget.

Front

How would you describe your relationship with money overall?

Back

I’m more focused on enjoying the present than saving for the future; I try to balance saving with spending, but it can be hard; I am very focused on saving and think ahead about future needs; I see money as a tool for long-term security, and I am careful about spending.