The Saving Advice Forums - A classic personal finance community.

Important Questions About Money

Collapse
X
 
  • Filter
  • Time
  • Show
Clear All
new posts

  • Important Questions About Money

    Hi All

    I'm trying to get an understanding of different peoples perspectives and experiences regarding money and how it works. I'm especially interested in where people go wrong and/or right - and more importantly - why.

    If you'd like to contribute I created a short survey as a part of my research process which is designed to get some insights.

    Ideally this information will be used to help create some materials in a format which is currentlyundecided. The intent is to help empower younger people with knowledge, which will allow them to manage their finances effectively as they enter the workforce and begin to earn, spend and hopefully save.

    The questions are as follows:


    1) Where do you think most people get financial information and advice?
    2) What's the best advice anyone ever gave you about managing you finances?
    3) What do you think most people do wrong when it comes to money management?
    4) What do you think the average person could do to improve their financial situation?
    5) Why do you think people find it hard to save?
    6) How old should someone be when they start saving for retirement?
    7) Why is money important to you?
    8) What is something you think is important you'd like to add?


    Note: I found this forum as a result of the research process I am undergoing and I'm not a previous member of this board. A quick read of the forum rules states that I can't link to any outside pages - I'd like permission to link to a SurveyMonkey survey containing the above questions - if the administrators don't mind. This is in order to get anonymous answers from people who prefer not to post publicly.

  • #2
    1) Where do you think most people get financial information and advice?
    Friends, family, coworkers, forums...not in any particular order...and advice given by people who shouldnt be giving "financial advice."

    2) What's the best advice anyone ever gave you about managing you finances?
    Live below your means, keep checkbook up to date, compound interest is your friend.

    3) What do you think most people do wrong when it comes to money management? live beyond their means, keep up with the joneses

    4) What do you think the average person could do to improve their financial situation?
    Live below their means (it works)...sound like a broken record now.

    5) Why do you think people find it hard to save? temptation, want the latest and greatest, image, being judged for not having fancy material things, listening to too much advertisements cramming material things down your throat.

    6) How old should someone be when they start saving for retirement?
    Early as possible. Earlier you start the easier it gets/more it compounds over time. Really the best time is when you start working and can afford to put some money away.

    7) Why is money important to you? Freedom to do whatever I want...whenever I want.

    8) What is something you think is important you'd like to add? Marry someone who has the same financial goals you do...makes life much much easier. Save early, often, and as much as possible without sacrificing things you want throughout life. Life is relatively short...find a happy middle ground where you can save a lot and still spend/travel without worrying.

    Comment

    Working...
    X