This document provides an activity sheet for examining one's relationship with money. It asks the individual to reflect on how they view and manage money based on factors like culture, family, and personal habits. It then has them envision having an extra $10,000 to spend in a year and outline how they would allocate and save the funds. Finally, it prompts creating two specific plans for changes and sacrifices to make this goal a reality, such as starting to save more and creating a budget.

1. Activity Sheet:
Your Relationship With Money
NAME: _Emily Bland
Your Relationship with Money
Getting a handle on money anxiety starts with an honest examination of how you relate to it.
BUILD BASIC SKILLS. Analyze yourself as a money manager. Look back to Key 11.1 on page 297
for a description of what influences how people handle money. Make notes about your personal
specifics in the following areas.
I most value spending money on . . .what I want
As a money manager, I would describe myself as . . . as well organized
My culture tends to view money as . . .a resource to use and as a sign of wealth and
independence
In handling money, my family and friends tend to . . . my family and friends tend to save there
money rather than to spend it on things they want.
TAKE IT TO THE NEXT LEVEL. Generate ideas about what you want to do with your money. If you had
enough money for your expenses and then some, what would you do with the extra? Would you save it,
spend it, or do a little of both? Imagine what you would do if you had an extra $10,000 to spend this
year. Describe your plan here:
__if I had an extra 10,000 to spend this year I would put half into my saving put aside 2,500
for emergencies and spend the remaing 2,500 on whatever I want
MOVE TOWARD MASTERY. Look for practical ways to move toward the scenario you
imagined. Realistically, how can you make that $10,000 a reality? You may need to change how
you operate as a money manager. You may need to make some sacrifices in the short term.
Come up with two specific plans here about changes and sacrifices that will move you toward
your goal.
1. _ start saving more money, and make a buget
2. _ and start spending money on what I need and not what I want
Part II
Answer the Following Questions:

2. 1. Nearly 3 out of 4 people in the U.S. cite money as the top stressor in their lives.
Do you spend now or save for the future?
-Both I spend now and save for the future
2. How good are you at differentiating between needs and wants and on prioritizing needs?
-Im very good at differentiating between needs and wants, it just that sometimes I let my
wants out weight my needs
3. Everyone has a weak spot; some people like new clothes, others like fancy restaurants.
What can you do to make financial sacrifices seem worth your feelings of deprivation?
-I can stop going to the mall on the weekend when I have money, my weak stop are clothes and
shoes
When you put these ideas to work, save or invest the money to reach for your goal
CHAPTER 11: Managing Momey