Project Independence - Homeless Money Management 3
What’s My Money Attitude?
Review the directions. Emphasize participants should go with their firstthoughts and that there are no right or wrong answers. Allow 6-7 minutesfor participants to complete their worksheets.
When time is up, ask for volunteers to complete the sentences as youread each
Remind participants that there are no right or wrong answers. Suggestthat managing money depends on knowing how you view money andwhat you value in life.
Needs and Wants
(15) Stress to participants that we all have a limited amount of money,regardless of the amounts. We all have to make decisions about what weshould buy now, what we should wait to buy, and what we can actually dowithout.
participants to explain the difference between needs and wants.[
are things that are essential for us to have such as food andshelter and
can be thought of as “extras.”]
Needs vs. Wants
Review the directions. Have participants complete Step 1. Allow 5-6minutes for participants to list their needs and wants.
Review steps 2-4. Answer any questions. Have participants completeSteps 2-4. Allow 6-7 minutes for participants to complete the process.
participants if anyone was surprised by what they might be able todo without after taking a closer look.
Remind participants that managing money means making choices. Thereis never enough money for all of the things we want. Sometimes, there isnot enough money for the things we need, unless we’ve planned for anemergency.
Suggest that creating a savings habit is challenging but not impossible.The first step to establishing a savings habit is examining your spendinghabits.
participants to identify themselves as either
byraising their hands when you ask the question, “How many of who aresavers? How many of you are spenders?”
Suggest that most people are a little of both, depending on their moods.The good news is that we can develop smart money management skills