According to Greg, from his research, there are basically five types of money personalities and combinations of these that make up your money personality. They are Wood Duck, Escape Artist, Wanna Be’s, Shopaholic and Analyse This. Greg will go through the traits of each and help you find out your true money personality.
In this module we explore what is a goal and how to set one? Far to often we set a goal but fall short for various reasons. From our experience it’s because we don’t understand what is needed for a goal to be a goal as opposed to a wish or a dream. Like an athelete, you must be focused and work towards your goal.
Grab your pen and paper, watch Greg’s “How To Set A Goal” video, follow the exercise so that you can start setting up your first budget goal.
By Smarter Goal Setting, Greg means:
S pecific, M easurable, A chievable, R ealistic , T imeframe, E njoyable, R ewarded.
These are motivational elements that can drive you towards keeping up with your budget goals. Greg will walk you through step by step, explaining each element in detail for you.
Do you know the purpose of your budget? If you are in partnership, do you have the same goal? If one wants a fishing boat, the other wants to buy a home, the budget will fail and maybe the relationship as well.
Greg has always expressed his concern about the unncessary breakup of a loving relationship because of the failure to agree on how you spend your money.
This is the video you ought to watch and think about the issues raised.
For a young family, getting their first home will be their no.1 priority. However, a lot of people do not realise the importance of budgeting to meet the loan repayments and all the other “hidden” costs of home ownership. When the dream of home ownership is crushed, the whole family’s dream will quickly become a nightmare.
Greg speaks about why and how to set your priorities so that you can manage your loan and all other financial commitments wisely.
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