factors influencing our view of money

Question 1

Personal attitudes

Answer 1

Risk averse so you will try to avoid risk, or you may be willing to take more risks and may even enjoy risk taking as you are incentivised by
the potential rewards.

Question 2

life stages

Answer 2

Childhood
Adolescence
Young adult
Middle age
Old age

Question 3

Culture

Answer 3

Different cultures, affected by tradition, religion and ethical beliefs, will have
different attitudes to money.

Question 4

Life events

Answer 4

within your control, going to university, travelling abroad, getting married or starting a family.
outside your control,
illness, financial gains or losses.

Question 5

External influences

Answer 5

Factors outside your control, including the state of the economy, will have an
impact.

Question 6

Interest rates

Answer 6

When interest rates are low you may be more willing to borrow money or spend on
credit. When interest rates are high there is more of an incentive to save.