It is well known that financial competence affects young people’s ability to reach their goals for lifestyle, education, career, and family.
But while teaching about budgeting, credit, and interest rates solves part of the problem, it’s not enough. What’s often missing from these financial programs is attention to the “human” issues – those deeply-rooted attitudes that dictate how we actually act around money.
In real life, many spending behaviors reflect not logic, but unconscious habits and attitudes.
We’ve all seen many people who spend extravagantly while professing tight budgets…who hide purchases from family or friends… or neglect dealing with their finances at all. We know that money becomes a symbol of power, success, freedom, or love.
The Money Habitudes® courses explore this phenomenon, and serve as a useful, non-technical introduction to standard financial literacy programs.
Some specific subjects include:
- Their assumptions and expectations about money in their own lives.
- The many hidden meanings that people attach to money and how these are reflected in different behaviors.
- Common “money personalities”: Planning. Giving. Status. Spontaneous. Carefree. Security. Advantages and disadvantages of each.
- How to use this information to gain control, set and reach goals, and enhance relationships.
Inspiration for this program is the acclaimed self-assessment “card game”, Money Habitudes. Integrated into the lessons, this simple tool helps young people discover their personal “money personalities”. The game also reveals how this new understanding of one’s money style can help or hinder financial, lifestyle, and relationship outcomes.
Money Habitudes® lessons use a non-judgmental tone, non-technical content and youth-friendly context to fully engage students in the learning process. At every stage, the emphasis is on self-discovery through observation, discussion, reflection, and creative activities.
More about the Money Habitudes® Card Game here.