Our class had the privilege of meeting Claire Loup, an economic and financial education specialist for The Federal Reserve Bank of Atlanta. She came all the way from New Orleans, Louisiana to speak to our class about a program called Money Habitudes. Money Habitudes is an interactive program that shows how habit and attitude shape the way we use money. Habit is the tendency to act a certain way and attitude is the tendency to feel a certain way.
She began by asking us questions pertaining to how we value our own money. The first question she asked was if we are savers or spenders. I answered that I typically spend money; but, if I had more money to save, I would. Next, we were asked how those closest to us spend their money. I answered that my friend is a habitual spender. She warned us that others affect how we spend our money, which is very true. When I am around him I spend a lot more. She finished by asking questions about how money makes us feel, and how we feel when we lack sufficient funds. Money can be a tool of power, happiness, stress, and many other emotions.
Through a fun card game, she explained to us how habit and attitude affect how we treat money. We split a deck of cards and from our half, we separated the cards into three piles labeled as "that’s totally me", "maybe/depends", and "that’s totally not me". Through this game we learned whether or not we treat money as a planner, a giver, carefree, spontaneous, a person who likes security, or a person who desires status. Through this card game I found that I am a planner. Being a planner, I feel responsible and driven. I have the advantage of feeling confident in making the right choices. I expected these results because I have always been driven to make clear plans for others and myself.
Ms. Loup did a tremendous job speaking to our class. Given more time, I feel as though we could have learned much more from her based on her knowledge and experience. I certainly suggest that she be asked to speak for future Financial Planning classes as LSU.
She began by asking us questions pertaining to how we value our own money. The first question she asked was if we are savers or spenders. I answered that I typically spend money; but, if I had more money to save, I would. Next, we were asked how those closest to us spend their money. I answered that my friend is a habitual spender. She warned us that others affect how we spend our money, which is very true. When I am around him I spend a lot more. She finished by asking questions about how money makes us feel, and how we feel when we lack sufficient funds. Money can be a tool of power, happiness, stress, and many other emotions.
Through a fun card game, she explained to us how habit and attitude affect how we treat money. We split a deck of cards and from our half, we separated the cards into three piles labeled as "that’s totally me", "maybe/depends", and "that’s totally not me". Through this game we learned whether or not we treat money as a planner, a giver, carefree, spontaneous, a person who likes security, or a person who desires status. Through this card game I found that I am a planner. Being a planner, I feel responsible and driven. I have the advantage of feeling confident in making the right choices. I expected these results because I have always been driven to make clear plans for others and myself.
Ms. Loup did a tremendous job speaking to our class. Given more time, I feel as though we could have learned much more from her based on her knowledge and experience. I certainly suggest that she be asked to speak for future Financial Planning classes as LSU.