Money Attitudes and Values (for discussion - no wrong answers!)

Question 1: If you were to receive a windfall of money, like a bonus or inheritance, what's your first instinct?

• Save it for future financial security

• Splurge on a luxury item or experience

• Invest it to make it grow

• Donate a portion to charity

Question 2: What's your approach to credit card use?

• I avoid credit cards and prefer to pay with cash or debit cards

• I use credit cards occasionally for convenience but pay off the balance each month

• I use credit cards for most of my purchases and carry a balance owing

• I rely heavily on credit cards and often pay only the minimum amount due

Question 3: How do you feel about taking on debt, such as a mortgage, loans, credit cards or student loans?

• I believe in living debt-free and avoid taking on any debt

• I'm comfortable taking on small amounts of debt for essential purposes

• I think debt is necessary to achieve financial or life goals

• I don't mind accumulating debt for immediate wants and needs

Question 4: In your opinion, what is the primary purpose of money?

• To accumulate wealth and financial security

• To enjoy life and experiences

• To invest and grow wealth

• To help others and make a positive impact

Question 5: How do you view the concept of capitalism?

[Capitalism is an economic and political system in which much of a country's trade and industry are controlled by private owners for profit].

• I support it as an efficient economic system

• I think it leads to inequality and should be reformed

• I have mixed feelings about it; it has both benefits and drawbacks

• I'm strongly against capitalism and prefer alternative economic models

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Question 6: How do you respond to economic downturns or recessions?

[Economic downturns or recessions are usually characterised by high inflation/costs of living, higher interest rates, higher unemployment, etc].

• I don't change my spending habits significantly

• I tend to save more and cut unnecessary expenses

• I may dip into savings but remain hopeful for better times

• I struggle financially and rely on credit, benefits or other assistance

Question 7: What do you think about the concept of inflation?

[Inflation is government/central banks printing more money so there is more available in the system, which has the unfortunate side affect of devaluing money and causing prices to rise for ordinary people].

• I view it as an opportunity for investments

• I understand it's a natural part of the economy

• I see it as a threat to my purchasing power

• I don't pay much attention to it

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Question 8: How do you prefer to carry and use money?

• Credit cards - I enjoy being able to afford more and earn rewards/build credit

• Debit cards - They're convenient and help me track spending

• Cash - I like the tangibility of physical money

• Digital wallets and mobile payment apps - They're fast and secure

Question 9: What role does altruism/philanthropy play in your financial decisions?

[Altruism is concern for the welfare of others. Philanthropy is donating money towards good causes].

• I rarely donate, as I prioritize personal financial goals

• I donate occasionally, but my financial well-being comes first

• It's a significant factor, and I regularly donate to causes I care about

• I don't consider it in my financial decisions - everyone should look after themselves

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Question 10: How do you feel about long-term financial planning?

• I don't bother with long-term financial planning, I live in the present

• I have some financial goals, but I could plan more effectively

• I don't have a clear financial plan but put some money away for the future when I can

• I'm proactive and have a detailed financial plan for the future