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   Budgeting
 more...>Personal Finance>Money Management>Budgeting>

What Color Is Your Money?

The Color of Money— What Does Money Mean to You?

Money values can cause conflict in relationships. Financial issues are among the leading causes of divorce. Stress and health problems can be caused by worry over money. We learn our money values from many sources. What does money mean to you? Test yourself. Check each statement with which you agree. Do not mark statements you disagree with or you are undecided about. Go with your first instinct!

Check the Yellow statements with which you agree:

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There’s no need to budget-either you have enough money or you don’t.
Worrying about money never helps.
If there are financial problems, someone will help.
Live from paycheck to paycheck, and don’t worry about it.
Keeping track of everything you spend can drive you crazy.
It’s not that important to save a lot of money.
Why make plans about money?
Just wait, and money problems either go away or take care of themselves.
You can get by without health insurance if you don’t have a lot of money.
Live with confidence in the future and the help of charging items now.
Total Yellow check marks (add column)

Check the Green statements with which you agree:

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Children should have the best education money can buy.
Success is a fancy car and a good-looking house.
Buying brand names is important.
It’s nice to buy friends meals or gifts.
People shouldn’t know if you have to pinch pennies.
I’d like to have nothing but the best.
It’s important to look successful.
You should spend a little more than you can afford to get ahead in life.
A big income means you are successful.
Cheap stuff isn’t worth much.
Total Green check marks (add column)

Check the Orange statements with which you agree:

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We spend our money on what we care most about.
There are a lot of things more important than money.
Children should learn not to put a dollar amount on everything.
It’s nice to make gifts, even if you can afford to buy them.
It’s silly to try to keep up with what other people have.
Money doesn’t buy happiness.
A lot of money would be nice but not necessary.
It’s easy to have fun with simple things not connected to money.
It doesn’t make sense to want the best things just because they are the best.
I’d choose a job with less pay and short hours over long hours and high pay.
Total Orange check marks (add column)

Check the Blue statements with which you agree:

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Happiness is buying something new.
A person is entitled to some of the nice things from life.
It’s hard to wait for something you really want.
It would be easy to spend $5,000 in a few days.
The more money you make, the more you want to spend.
Credit is great.
Walking through stores can be depressing -- there’s so much you want.
It would be wonderful to be a millionaire -- all that money to spend.
No matter how much I have, I want more.
If I want something, I should have it now.
Total Blue check marks (add column)

Check the Pink statements with which you agree:

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Every debt should be cleared up as you go along.
It’s a good feeling to have money to spend.
Don’t buy until you really need something.
You should budget your money and stick to the plan.
There should always be enough money in the bank for emergencies.
It’s important to keep a record of everything you spend.
Shop around until you find the best price.
A person needs a lot of insurance.
Paying cash is the best way.
Thrifty people manage best.
Total Pink check marks (add column)

Transfer you number of checks for each color:

_____  Yellow
_____  Green
_____  Orange
_____  Blue
_____  Pink

Yellow

•  Not concerned about money
•  "Don't Worry about it"
•  Thinks "Someone will help"

Green

•  Status and prestige are important
•  Wants designer labels & high quality
•  Buys expensive items

Orange •  Money is not important
•  Values the fulfillment that $ buys
•  Happier with less "stuff"
Blue •  Could be self-indulgent (spends on self)
•  Has great urgency of wants
•  Wants new & trendy
Pink •  Money is a symbol of security
•  Things don't have to be fancy or  
   expensive
•  Doesn't like debt


This document originally developed for use in the Parents Preparing for Success partially funded by the Louisiana Department of Social Services in association with the Strategies To Empower People (STEP) state program.
Last Updated: 5/28/2013 10:57:10 AM
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