Roles of money

Cards (7)

What factors affect your view on the role of money?
Personal attitudes
Culture
Life stages
Life events
Interest rates
External influences
How does personal attitudes affect views of role of money?
As you age attitudes towards whether you save or borrow change
How does culture affect your views on the role of money?
Background, culture, religious beliefs or ethical principles shape your view of money
How do external influences affect your views on the role of money?
Events outside your control e.g the state of the economy or availability of jobs in your area
How do interest rates affect your views on the role of money?
They have a big impact on whether you decide to borrow or save
How do your life events affect your views on the role of money?
Certain life events such as moving homes, being made redundant can affect views of money
How do life stages affect your views on the role of money?
As you go through each life stage: childhood, adolescence, young adult, middle age and old age - financial priorities change