1. Resource Management
CALM 20

2. $ How would you describe your skills with finances? $
Lifestyle Choices Questionnaire
(You & your money assignment booklet)

3. What are Resources?
Non-human resources—material resources that include money, land, community facilities, raw materials, and tools needed to achieve goals.
Human resources. These are resources found within yourself and from family, friends, and other people who provide you with support. They include knowledge, talents, skills, time, health, physical and emotional energy, relationships, imagination, and attitudes such as determination and perseverance.

4. Non-human Resources Non-human Resources Examples Possessions and tools
How many non-human resources do you have right now?
Non-human Resources
Examples
Possessions and tools
Technological resources
Community facilities
Financial resources
Environmental resources

5. human Resources Human Resources Examples Knowledge Talents and skills
How many human-resources do you have right now?
Human Resources
Examples
Knowledge
Talents and skills
Time
Health
Physical and emotional energy
Relationships
Imagination
Attitudes

6. WHAT’S YOUR MONEY STYLE QUIZ?
On a piece of paper complete “What’s your money style quiz?”
Record only ONE answer that BEST describes you.

7. What’s your money style quiz?
1. I spend most of my money on:
a. Anything I’m tempted to buy
b. Enjoying myself and having a good time with friends
c. Nothing (if I can help it)
d. Only what I really need to get buy
e. Mostly important things that I would like or need
2. I make deposits to my savings account:
a. Often
b. Regularly
c. Sometimes
d. Never (don’t have one)
e. Frequently (Whenever I have cash on hand)

8. 3. I make withdrawals from my savings account:
a. About once a month
b. About once a week
c. More than once a week
d. Two or three times a year
e. Very Seldom
4. When I get money I:
a. Save it
b. Spend it
c. Spend some, save most
d. Save some, spend most
e. Save some, spend some

9. 5. When I spend my money on something big, I feel:
a. Sure of myself
b. Angry
c. Guilty
d. Popular
e. Happy
6. I lend money
a. Never
b. Sometimes
c. Rarely
d. Never have any to lend
e. Often (If I have any)

10. 7. I borrow money
a. Sometimes
b. Often
c. Never
d. Rarely
e. All the time
8. If I was given, a large sum of money, say $25,000, I would:
a. Take family or friends on a trip and save what’s left
b. Keep a little cash for necessities and put the rest in the bank for later
c. Go on a huge shopping spree
d. Put it in the bank and not touch a nickel
e. Buy one or two major items like a car or stereo and save the rest

11. 9. Of the following, I would buy first:
a. A skateboard
b. Savings bonds
c. Gold
d. Clothes
e. A bike
10. I discuss my money with my parents or guardian:
a. Rarely, only when I’m worried about my future
b. Never, I don’t have to
c. Sometimes, when I’m short of cash
d. When I have important money decisions and need advice
e. I’m always asking for money

12. 11. Which of the following describes me best?
a. I think money is the most important thing in the world
b. I am saving money to leave home and be independent
c. I save money for special things
d. I like to buy things for my friends
e. I like to buy things when I’m feeling down
12. Which do I think describes me best:
a. If I want something, I save up for it and buy it
b. I like to buy the things my friends have
c. I’m always short of ready cash when I need it
d. I control present spending for a secure future
e. I save every penny, money in the bank gives me confidence

13. 13. Which best describes my spending habits?
a. When I have money, I like to spend it with my friends
b. Even if I need something and have the money, I still wait a while to see if I can do without it
c. If I have the money and want something, I just buy it right away
d. Before I buy something, I decide whether I really need it, and if I can afford it
e. I don’t like to spend my money
14. Which best describes my shopping habits?
a. Before I buy something, I find out about the product and check around for the best price
b. I usually buy advertised stuff
c. If I want it, I buy it right then and there
d. Before I buy anything, I worry over whether I really need it
e. If I buy something, I make sure it’s something no one else will want to borrow

14. What’s your money style points
Calculate your totals based on the following info:
A – 0 B – 1 C – 4 D – 3 E – 2
A – 3 B – 2 C – 1 D – 0 E – 4
A – 2 B – 1 C – 0 D – 4 E – 3
A – 4 B – 0 C – 3 D – 1 E – 2
A – 2 B – 4 C – 3 D – 1 E – 0
A – 4 B – 2 C – 3 D – 0 E – 1
A – 2 B – 2 C – 4 D – 3 E - 0
A – 1 B – 3 C – 0 D – 4 E – 2
A – 0 B – 3 C – 4 D – 1 E – 2
A – 3 B – 4 C – 1 D – 2 E – 0
A – 4 B – 3 C – 2 D – 1 E – 0
A – 2 B – 1 C – 0 D – 3 E – 4
A – 1 B – 3 C – 0 D – 2 E – 4

15. How did you do? 43 – 56 POINTS = MISER 35 – 42 POINTS = CAUTIOUS SAVER
21 – 34 POINTS = WISE PLANNER
10 – 20 POINTS = HIGH ROLLER
0 – 9 POINTS = CONFIRMED SPENDER
Complete Reflections on your money style in handout

16. What Factors Affect Resource Choices?
The resource choices you make each day are influenced by many factors. Following are some of them.

17. Needs and Wants
People need certain things, such as food, shelter, clothing, and love.
People want other things that will improve the quality of their lives.
Everyone’s needs and wants differ, and they usually change over time.

18. Values and goals
You set your goals based on what is important to you. Your values and goals affect the choices you make in life.

19. Relationships
Your choices are influenced by connections you have to 
family and friends, priorities you establish in relationships, and exposure you get to different careers through people you know.

20. Income
Income—not just your own but also your family’s—prevents or permits you to make various choices. Income can change throughout the stages of life, and thus choices will change.

21. Geographical location
Where you live affects the range of lifestyle choices available to you.
Urban communities tend to have more resources than rural communities
because of the population density.

22. Education
The education you receive has a direct effect on your career choices and on your personal and financial decisions.

23. Age
As you pass through various stages of life—infancy, childhood, adolescence, young adulthood, middle age, and senior adulthood—your views on what is important in life may change.
As you get older, more choices shift from your parents or guardians to you.

24. Important resources will change
Right now, like many teenagers, you probably place importance on resources such as personal relationships, sports, education, jobs, music, and travel.
Over time, though, and at different stages of your life, different resources will become more or less important to you. After all, the priorities, concerns, and goals of someone who is 15 years old will be quite different from those of someone who is 65.

25. To use your personal resources effectively, you cannot think only about what you find important today. You must think also about what will be important to you in the future—at other stages in your life cycle. Therefore, you need to set goals for various times in your life. In other words, you need to plan ahead.

26. NEWS FLASH Terms Joe??? Sally???
Generation X, Baby Boomer, Financial Independence, Mutual Funds, Stocks, Investments, Down Payments....
Read “News Flash” section of booklet and complete all questions.
Joe???
What do you think? How many people would have made the same choice as Joe?
Sally???
What do you think? How many people would have made the same choice as Sally?