3. Growing up in your family, was money mainly used to reward, punish, survive, impress, control, help others, have fun, buy love, reach goals, or?

Transcription

1 Money Memories Directions: Look for clues in you past that will help you to understand your current financial life. Starting with your childhood, what experiences have shaped your underlying beliefs and attitudes about money? What do your patterns of earning, saving, investing, and giving tell about you? Here is a list of questions to guide you in the reflection process.. What is your earliest money memory?. As a child, what was the most important lesson you learned about money?. Growing up in your family, was money mainly used to reward, punish, survive, impress, control, help others, have fun, buy love, reach goals, or?. What are the one-sentence messages regarding money that have stuck with you from your childhood? Where did you hear these messages?. What were the spending/saving patters of your mother? Or your father?. Describe the work ethic of your mother and your father.. When you were young, did you consider your family to be rich, poor, or?. What were you taught about money when you were growing up?. In your family, was money an issue? A source of conflict? A tool for achieving goals? CONNECTICUT CAMBRIDGE ADVISORS LLC Fairfield Beach Road Fairfield, CT 0 P: (0) - F: (0) - david.bernstein@snet.net

2 0. When did you first start earning your own spending money?. What was your fist big purchase? How did that make you feel?. As an adult, what has been the most important lesson you have learned about money?. In your current financial life, are you more of a spender or a saver?. In your current financial life, are you more of an avoider or a worrier?. In your heart of hearts, what have you wanted money to give you?. Has money been an issue or source of conflict in your important relationships?. What money habits have brought you closer to your life goals?. What money habits have been obstacles to reaching your life goals?. What or who has most influenced your financial philosophy? How and why? 0. What experience do you feel has most directly shaped your current level of financial satisfaction? CONNECTICUT CAMBRIDGE ADVISORS LLC Fairfield Beach Road Fairfield, CT 0 P: (0) - F: (0) - david.bernstein@snet.net

3 Life Transition Survey Directions: In each section, select the transitions that you are currently experiencing and those that you are likely to experience in the future. In addition, check transitions in the short-term and columns that you either hope to experience or anticipate with concern. Work Life Transitions Change in career path New job Promotion Job loss Job restructure Education / retaining Sell or close business Transfer family business Gain a business partner 0 Lose a business partner Downshift / simplify work life Sabbatical / leave of absence Start or purchase a business Retire Phase into retirement Financial Life Transitions Purchase a home Sell a home Relocate Purchase a vacation home / timeshare Re-evaluate Experience investment gain Experience investment loss Debt concerns Consider investment opportunity 0 Receive inheritance of financial windfall Sell assets CONNECTICUT CAMBRIDGE ADVISORS LLC Fairfield Beach Road Fairfield, CT 0 P: (0) - F: (0) - david.bernstein@snet.net

4 Family Life Transitions Change in marital status (marriage) Change in marital status (divorce) Change in marital status (widowhood) Expecting or adopting a child Hire child care Child entering adolescence Child with special needs (disabilities, medical/dental problems) Child w/pre-college expenses (private school, tutor, lessons) Child going to college 0 Child getting married Empty nest Family special event (Bat/Bar Mitzvah, anniversary party, special trip) Helping and/or gifting grandchildren Concern about aging parent Concern about health of spouse/partner or child Family member needs caregiving Concern about personal health Provide for care (parent, spouse/partner, or self) Disability / hospitalization (self or family member 0 Death of family member Legacy Life Transitions Increase charitable giving Give special financial gifts to children / grandchildren Give parental pension (monthly stipend) Develop an estate plan Change estate plan Develop an end of life plan Notes CONNECTICUT CAMBRIDGE ADVISORS LLC Fairfield Beach Road Fairfield, CT 0 P: (0) - F: (0) - david.bernstein@snet.net

5 Financial Satisfaction Survey Directions: The statements below will help you to think about and assess how satisfied you are with many aspects of your financial life. Select and record your level of satisfaction for each statement. Not Moderately Very I am satisfied with my ability to meet my financial obligations. with the income my current job or career provides me. with my spending habits. with the level of debt I carry. with the extras that I am able to buy for myself and/or loved ones. with the level and quality of insurance protection I currently have. with the amount of money that I save and invest on a regular basis. with my current investment choices. that I am on track to build a sufficient retirement nest egg. 0 with the level of employee benefits I receive. with my style of personal bookkeeping and financial record management. with my ability to provide financial help to family members. with my estate plan with my level of charitable giving. with the level of financial education I have attained. with how I respond emotionally to my personal finance issues. with my ability to communicate about my financial matters. with the feelings I have about my money life. that financial issues do not cause stress or strain in the relationships that are important to me. 0 with the working relationships I have with my financial service providers (i.e., insurance agent, banker, broker, financial planner, accountant). CONNECTICUT CAMBRIDGE ADVISORS LLC Fairfield Beach Road Fairfield, CT 0 P: (0) - F: (0) - david.bernstein@snet.net