TARGETED GOALS
Money helps you feel confident and
competent to achieve your goals.
How others may see you:
! Responsible and Accomplished or
! Driven and Too Conservative
Advantages of Targeted Goal habitudes are:
! Make intentional financial decisions based on
values and desired long-term outcomes.
! Have money reserved to pay for the
unexpected.
! Set and accomplish realistic goals.
! Buy items you really want that will retain
value.
! Have a sense of well-being and control.
Disadvantages may be:
! Feel pressured by others to spend money on
things that do not fit your budget or values.
! Expected to help others who did not plan.
! Have difficulty responding to new
opportunities because they are not part of
your plan.
! Be intolerant or impatient when others do not
meet your standards or have different values.
! Hide or withhold information from significant
others to stay in control of the money.
SECURITY
Money helps you feel safe,
secure, and in control.
How others may see you:
! Thrifty and Organized or
! Miserly and Cheap
Advantages of Security habitudes are:
! Have a budget, financial goals and savings.
! Shop wisely for value items on sale.
! Protect money by being conservative.
! Have lifestyle choices now and in the future.
! Take care of possessions so they last.
! Have accessible money in case of
emergencies.
Disadvantages may be:
! Save so much there is no money for today’s
wants and needs.
! Buy based on price when it isn’t what is
actually wanted or won’t hold up over time.
! By being so conservative, money is safe but
doesn’t grow.
! Do not enjoy activities or items because of
cost.
! Your strict budget means you are unable to
take advantage of unexpected sales and
opportunities.
FREE SPIRIT
Money isn’t a priority.
You just let life happen.
How others may see you:
! Easygoing and Carefree or
! Immature and Irresponsible
Advantages of Free Spirit habitudes:
! Have faith that others will provide.
! Can react spontaneously to new
opportunities
! Not distracted by money considerations or
details.
! Share generously with others.
! Do not feel pressured by other’s expectations
! Adapt easily to new situations.
Disadvantages may be:
! Lack the skills and information to make wise
choices.
! Unable to support yourself if the person(s)
providing for you cannot continue or chooses
to stop.
! Feel trapped or obligated by being
supported.
! Miss opportunities by avoiding commitments.
! Do not have necessary items because of
sharing so freely with others.
STATUS
Money helps you present a positive image.
How others may see you:
! Generous and Impressive or
! Superficial and Insensitive
Advantages of Status habitudes are:
! Present a strong first impression.
! Make generous donations.
! Give exp ...
Python Notes for mca i year students osmania university.docx
TARGETED GOALS Money helps you feel confident andcompe.docx
1. TARGETED GOALS
Money helps you feel confident and
competent to achieve your goals.
How others may see you:
! Responsible and Accomplished or
! Driven and Too Conservative
Advantages of Targeted Goal habitudes are:
! Make intentional financial decisions based on
values and desired long-term outcomes.
! Have money reserved to pay for the
unexpected.
! Set and accomplish realistic goals.
! Buy items you really want that will retain
value.
! Have a sense of well-being and control.
Disadvantages may be:
! Feel pressured by others to spend money on
things that do not fit your budget or values.
! Expected to help others who did not plan.
! Have difficulty responding to new
opportunities because they are not part of
your plan.
2. ! Be intolerant or impatient when others do not
meet your standards or have different values.
! Hide or withhold information from significant
others to stay in control of the money.
SECURITY
Money helps you feel safe,
secure, and in control.
How others may see you:
! Thrifty and Organized or
! Miserly and Cheap
Advantages of Security habitudes are:
! Have a budget, financial goals and savings.
! Shop wisely for value items on sale.
! Protect money by being conservative.
! Have lifestyle choices now and in the future.
! Take care of possessions so they last.
! Have accessible money in case of
emergencies.
Disadvantages may be:
! Save so much there is no money for today’s
wants and needs.
! Buy based on price when it isn’t what is
actually wanted or won’t hold up over time.
! By being so conservative, money is safe but
doesn’t grow.
! Do not enjoy activities or items because of
3. cost.
! Your strict budget means you are unable to
take advantage of unexpected sales and
opportunities.
FREE SPIRIT
Money isn’t a priority.
You just let life happen.
How others may see you:
! Easygoing and Carefree or
! Immature and Irresponsible
Advantages of Free Spirit habitudes:
! Have faith that others will provide.
! Can react spontaneously to new
opportunities
! Not distracted by money considerations or
details.
! Share generously with others.
! Do not feel pressured by other’s expectations
! Adapt easily to new situations.
Disadvantages may be:
! Lack the skills and information to make wise
choices.
! Unable to support yourself if the person(s)
providing for you cannot continue or chooses
to stop.
4. ! Feel trapped or obligated by being
supported.
! Miss opportunities by avoiding commitments.
! Do not have necessary items because of
sharing so freely with others.
STATUS
Money helps you present a positive image.
How others may see you:
! Generous and Impressive or
! Superficial and Insensitive
Advantages of Status habitudes are:
! Present a strong first impression.
! Make generous donations.
! Give expensive or unexpected gifts.
! Get pleasure from giving to others.
! Never burden others about money problems.
! Enjoy sharing and including others.
Disadvantages may be:
! Create a false impression of having wealth.
! Feel constant stress to keep up with others.
! Do not have reserves for the unexpected.
! Get into debt to maintain appearances.
! Let others take advantage of your generous
spirit.
! Always give but have trouble receiving
graciously.
5. ! Keep money secrets because of the fear of
losing friends or status if others really knew
your real financial situation.
TARGETED GOALS
If you identify with challenges related
to the Targeted Goals habitude
consider starting with one of these
suggestions to create more balance.
! Learn effective communication skills that you
can use when pressured by others to spend
money in a way that conflicts with your
values or goals.
! Understand the money messages from your
past.
! Challenge yourself to find out if your goals
reflect your wants and needs or if they are a
response to others’ expectations of what you
“should” do.
! Be supportive and giving to others.
! Take a break from being productive and goal
oriented to relax, be spontaneous and enjoy
life.
! Challenge yourself to experience new
activities that are out of your comfort zone.
Take some risks.
6. ! Be tolerant and patient with people who have
lifestyles and values that are different from
yours. Try to see their perspective and
understand what works for them.
SECURITY
If your identify with challenges
related to the Security habitude
consider starting with one of these
suggestions to create more balance.
! Reassess your budget to include fun, gifts
and spontaneous opportunity.
! Reduce the time you spend to record, check
and manage your finances.
! Plan to spend money on a special gift or
activity for yourself every month.
! Face your fear. Put everything you would
need to survive in a bag or suitcase and
keep it in a closet so you are prepared for the
worst.
! When you are about to say “not” out of habit
to something you would like to buy, make a
fist, open it one finger at a time to remind
yourself to allow money to flow out and flow
in without being blocked. Then decide how
you feel about buying it.
! Interview financial professionals to find
someone you trust to help you have a
7. broader perspective on saving and investing
which can lead to a more realistic, livable
financial plan.
FREE SPIRIT
If you identify with challenges related
to the Free Spirit habitude consider
starting with one of these suggestions
to create more balance.
! Know the realistic expenses to support
yourself even if you do not pay them (health
and car insurance, rent, utilities, clothes, etc.)
! Become familiar with the basics. Learn how
to balance a checkbook and make a basic
budget for your wants and needs. If you live
with someone go over a month’s expenses to
become familiar with basic costs.
! If you have investments or inherited money
make an appointment with a financial
professional to find out how much money you
have and how it is being managed.
! Determine if you are being fairly
compensated for your work.
! If you avoid managing money because of a
lack of skills consider taking a class.
! If you have a fear of commitment or taking on
responsibility you may find it helpful to work
with a counselor.
8. STATUS
If you identify with challenges related to the
Status habitude, consider starting with one
of these suggestions to create more
balance.
! Shop for quality not name brands. Limit
trendy items to 10% of your purchases.
! Make a gift list and assign a price limit for
each person. Look for sales and do not buy
extras.
! If you have debt, talk to a professional to
learn how to pay it off as quickly as possible.
! Shop from a catalog to avoid impulsive
spending caused by store displays, sales
and persuasive salespeople.
! Shop when you are feeling good, not when
you feel stressed, vulnerable or pressured.
! Allow others to give to you and treat you.
Learn to say “thank you” and to receive
graciously.
! Set up a budget. Use direct deposits to
insure there is money to pay bills and
savings for the future. Set up automatic
online payment for bills if possible.
! Support yourself with affirmation that you are
9. a lovable, valuable person.
What do these cards mean?
The cards you choose indicate which habitudes may
affect your behaviors and decisions related to
saving, spending, earning, giving, debt, and
investing. The six types are:
Types What Habitudes Reflect
Security Money helps you feel safe
and secure.
Spontaneous Money encourages you to
enjoy the moment.
Status Money helps you create a
positive image.
Selfless Money helps you feel good by
giving to others.
Free Spirit Money is not a priority at this
point in your life.
Targeted Goals Money helps you achieve
your goals.
There is no perfect combination of habitudes.
However, too much of any habitude will probably
mean there are challenges; missing any habitude
completely may indicate a need for more balance.
10. If you have more cards of one type read the yellow
interpretation card associated with that habitude.
Which statements fit you? Consider whether others
may think your beliefs and behaviors are relatively
extreme and may be creating challenges for you. If
you do have a challenge related to that habitude
look at the suggested strategies on the other side of
the yellow card and choose one or two to work on
for more balance.
If you have not chosen any cards for one type, it
may indicate an area you are avoiding or
overlooking. For example, if you don’t have any
Status cards, you might not consider how your
financial decisions will affect others. No Selfless
cards? You may be missing out on the personal
satisfaction people feel when they help others. No
Targeted Goals? Are you relying too heavily on
chance or other people and not taking responsibility
to provide for yourself? No Security cards? You
may be avoiding preparing for the future. No
Spontaneous or Free Spirit cards? It might be time
to lighten up a little, take some risks and enjoy your
money.
SPONTANEOUS
Money encourages you to enjoy
the moment.
How others may see you:
! Spontaneous and Fun-loving or
! Impulsive and Unconcerned with
consequences
11. Advantages of Spontaneous habitudes are:
! Enjoy an exciting and fun life.
! Able to quickly respond to opportunities.
! Get a lot of attention and recognition.
! Have many friends and acquaintances to join
you when you want to go places or do things.
! Get things right away without waiting.
! Experience the thrill of taking risks.
Disadvantages may be:
! Spend money even when you don’t have it.
! Go into debt to buy things you don’t need.
! Do not have any reserves for the
unexpected.
! Usually owe money to friends or family.
! Feel powerless to control your spending.
! Keep money secrets from significant people
in your life because you are ashamed of your
spending or debt.
SELFLESS
Money helps you feel good by
giving to others.
How others may see you:
! Sacrificing and Charitable or
! Judgmental and a Martyr
Advantages of Selfless habitudes are:
! Have strong values and convictions.
! Generously support other people or causes.
! Live simply to reflect non-materialistic values.
12. ! Act ethically and with integrity.
! Depended upon by others.
! Clearly differentiate between needs and
wants.
Disadvantages may be:
! Feel guilty or angry if money is spent on
personal pleasure and not to help others.
! Unrealistically expect to be taken care of
because you give generously.
! Use giving as a form of control to impose
personal values on others.
! Intolerant of people who have different
lifestyles where they spend their money more
freely or do not give generously.
! Resent when giving is expected and
assumed.
What does a combination of types mean?
Most people are a combination of types. Since
different situations call for different responses,
having a combination makes you more adaptable.
For example, a Free Spirit uninterested in money
may be Targeted Goals when administering a
niece’s trust fund and Spontaneous when buying a
car.
Combinations of types can also create challenges.
You may act inconsistently or flip-flop between two
13. habitudes. For instance, a person who
compulsively saves money (Security) may
uncharacteristically go into debt to have an
impressive wedding (Status).
Look for patterns to discover the people or
situations that trigger a different habitude to come
into play. For example:
1. If you are usually decisive, but become
indecisive when talking to someone in
authority.
2. If you handle money one way when life is
going okay and act differently when feeling
stressed or vulnerable.
3. If you usually stick to your budget but can
never say “no” to certain people or to a car
salesman.
How would conflicting combinations develop?
! If your parents (or other significant adults)
had conflicting habitudes you might
subconsciously go from one habitude type to
another to be fair and loyal to each of those
significant adults.
! If your original values have been challenged
by unexpected life events, dramatic lifestyle
changes or exposure to other ways of
thinking, you may see value and drawbacks
to both and react inconsistently.
! If someone significant in your life has
14. different money values than you and you
want to please him/her or are afraid of that
person’s response, it can influence your
behavior.
! If a significant person in your life is very
extreme in his/her habitude type, you may
adopt a habitude to create less stress and
more balance.
! If you have lived through good times and
bad, you may have learned conflicting
habitudes and can see value in both sides.
This could cause inconsistent or conflicting
behaviors.
SPONTANEOUS
If you identify with challenges related to
the Spontaneous habitude, consider
starting with one of these suggestions
to create more balance.
! Use direct deposits and pre-set automatic
payments. Save a set amount weekly, even
just $1/week adds up.
! Make a list of alternative activities to
shopping. Plan to do them with other people.
! Get rid of store credit cards and keep one
major card for emergencies. Leave it home.
Pay with cash.
! Stay out of stores and away from TV
15. shopping networks. Start with a monthly “no
shopping week.”
! Write down everything you spend for a
month. Rank each item 1-10 for enjoyment
and value.
! Before each purchase ask yourself: Is this a
need or want? How long will I have to work
to pay for it? Is it worth an hour’s pay? Is it
worth a week’s pay?
! Talk to a financial professional to set up a
plan to get your debts paid off.
! Consider a support group or counseling if
you routinely feel guilty, ashamed, or
embarrassed about your spending or debt.
SELFLESS
If you identify with challenges related to
the Selfless habitude consider starting
with one of these suggestions to create
more balance.
! Plan activities for personal enjoyment that
are unrelated to your favorite charities.
! Review your career. Have you limited your
options to avoid more lucrative positions?
Know the value of your position and work to
receive a fair salary.
! Know how much you can give and identify
16. how you like to give – big amounts at once,
small amounts to multiple people/charities.
Stick to a plan.
! Have a plan for giving that included giving to
yourself and providing for your future.
! Understand that having money is not
inherently bad or sinful and being poor is not
inherently honorable and virtuous.
! Before giving monetary help to others,
consider if you may be hindering their
development of responsible behavior.
! Identify your needs, wants, and ideas.
Become aware of your tendency to agree to
someone else’s plans to save, spend, invest,
or be charitable before you have thought
about what you would like to do.
MONEY HABITUDES
HABITUDE
THAT’S ME!
THAT’S SOMETIMES ME OR THAT’S PARTIALLY TRUE
THAT’S NOT ME!
Selfless
18. Money Habitudes
By Syble Solomon
1
DIRECTIONS
Print off the chart for the assignment (on Canvas)
Read the situation on each slide
Decide which of the following each situation most closely fits:
“That’s me!”
“That’s sometimes me or that’s partially true.”
“That’s not me!”
Look at which “Habitude” belongs to that situation (at the
bottom of each slide in orange)
2
19. DIRECTIONS (cont.)
Write down the number on each slide on the chart on the row
for that habitude under the correct column
Continue through all the slides, writing down the numbers on
the chart
Follow the directions in the syllabus to complete the assignment
(you will also need to print the “handout” from Canvas)
3
EXAMPLE
If you decide that the first slide fits with “That’s me!” then you
would write “1” on the chart in the Status row under the first
column labeled “That’s me!”.
Have fun!
4
Status
1. It seems like most people I know are better off than I
am.
20. 5
Selfless
2. I do not trust people who have an extravagant lifestyle.
6
Spontaneous
3. I hate to wait for things, so if there is something I want I
usually just buy it.
7
Security
4. I rarely buy anything unless I can pay it off right away.
21. 8
Free Spirit
5. I would like someone else to pay the bills and make the
money decisions.
9
Targeted Goals
6. I consciously spend my money on things that are important to
me.
10
Targeted Goals
7. I do not care if something is the newest, the best, or has a
name brand. As long as it meets my needs I will buy it.
11
22. Security
8. When I go out with others I want to pay my own bill. I don’t
want to “split the cost” if it means paying more than my fair
share.
12
Selfless
9. I would be uncomfortable having more money than my
friends and family.
13
Free Spirit
10. I trust that others will be fair and honest, so I do not get
involved in negotiating my salary or other money transactions.
14
23. Spontaneous
11. We only live once so it is important to seize the moment and
not worry about the cost.
15
Status
12. I am very careful to keep up a good front and never let it
show when I am having money problems, even if it means
spending money when I really can’t afford it.
16
Security
13. Even if I can afford it, I will not spend my money on things
that will make my life easier.
17
24. Selfless
14. I live modestly and think others should do the same.
18
Free Spirit
15. I would be uncomfortable with the responsibility that comes
with inheriting or winning a large sum of money.
19
Spontaneous
16. If I received a windfall (tax refund, bonus, inheritance, or
gift), I would think of it as “extra” money that could be
splurged or spent any way I pleased.
20
Targeted Goals
17. I usually buy only what is on my list.
25. 21
Status
18. I like being up-to-date and will spend money to stay current
(such as personal look, clothes, education, equipment, house,
cars, etc.)
22
Targeted Goals
19. I usually research expensive items (major appliances,
furniture, cars, houses, etc.” so I can compare quality and price
when I shop.
23
Selfless
20. I’d rather give money to help others than to spend it on
26. things I don’t really need.
24
Free Spirit
21. I think most other people can manage money better than I
can.
25
Spontaneous
22. Sometimes I regret the way I have spent my money or the
risks I’ve taken.
26
Security
23. I always save or invest a set amount of money each month.
27. 27
Security
24. I want to be able to get to my money right away, so I like it
to be very accessible.
28
Spontaneous
25. I cannot imagine going shopping and not buying anything.
29
Free Spirit
26. Since life is full of surprises I like to be able to respond in
the moment and not be limited by long-term commitments.
30
28. Selfless
27. I give up things I want so that I can give more to others.
31
Targeted Goals
28. I set aside money or have a plan for how I can get money
when unexpected expenses happen or there is an emergency.
32
Status
29. I am not sure people would like me if I was not generous.
33
Status
30. When someone does something nice for me I feel I “owe”
29. him or her.
34
Selfless
31. I try to limit my possessions to things which are functional
and necessary.
35
Spontaneous
32. When I get upset I go shopping, or when I want to avoid
something I go shopping, or if I feel great I go shopping.
36
Security
33. I have a difficult time spending money unless it is for
something practical or functional.
30. 37
Free Spirit
34. I believe things will work out so I don’t worry about money.
38
Targeted Goals
35. I determine an affordable amount of money to give to my
favorite charities.
39
Selfless
36. If I had a lot of money, my first priority would be to use it
to help others.
31. 40
Free Spirit
37. I do not keep track of my money and usually don’t know
how much I have at any time.
41
Status
38. I feel I should pay the check when I eat out with others.
42
Targeted Goals
39. I am very clear about the difference between what I need
and what I want.
32. 43
Spontaneous
40. I buy lots of things I never really use. It could be food,
clothes that just sit in my closet, items for the house or car,
gifts for others, or things for future projects or hobbies.
44
Security
41. I almost always go out of my way to spend less even if it is
inconvenient and I actually save very little money.
45
Targeted Goals
42. I am knowledgeable about all of my/our health and
insurance policies, investments, and bank and retirement
accounts.
33. 46
Free Spirit
43. I frequently pay late fees because I do not pay my bills on
time.
47
Security
44. I always know exactly how much money I have, how much
is coming in and how much is being spent.
48
Spontaneous
45. I’ll take out a loan or ask friends to help me to pay off my
credit card if it gets too high.
49
Selfless
34. 46. I think it is difficult to have integrity and act ethically when
someone has a lot of money.
50
Status
47. I feel like a failure when I do not have as much money as I
should.
51
Status
48. I will pay more for an item with a name that others will
recognize.
52
Spontaneous
49. I have money secrets. I am embarrassed by or ashamed of
35. my spending, my debt, or how much I give to others.
53
Free Spirit
50. Free Spirit: When I need money I just ask my friends or
family to help me.
54
Status
51. I like to give gifts that come from a special store, have a
brand name, or look expensive.
55
Selfless
52. I give money to help others or to support charitable
36. organizations.
56
Security
53. I will buy something that is on sale instead of getting what I
really want.
57
Targeted Goals
54. I have more freedom because I have a spending plan and a
savings plan.
58