Personal Finance

what are the four concepts of money?

experiences, values, goals, fears

fundamental beliefs that shape and influence financial behaviors and decisions

personal finance

fundamental beliefs that shape and influence behaviors and decisions

values

fundamental beliefs that shape and influence financial behaviors and decisions and dictate how we earn, save, and spend

financial values

the distinct patterns or tendencies in how individuals percieve interact with and manage their finances

money personality

what are the five money personalities?

saver, spender, invester, avoider, balancer

prioritizes money seeks security and stability and has regular saving habits

saver

person who enjoys using money to purchase products and experiences without hesitations

spender

someone who focuses on using money to make more money

investor

someone who takes a moderate approach to finances and are careful to maintain financial health

balancer

someone who will shy away from dealing with money due to a lack of understanding or fear of controlling financial reality

avoider

where goods and services are exchanged directly for other goods and services without a medium of exchange like money being used

barter system