Filmed in New York City in 2014 and moderated by blogger and financial educator Tonya Rapley, the Own Your Money/Own Your Life discussion brought together a group of Millennial New Yorkers to talk about the issues they face as they establish their financial independence. Topics ranged from banking options and student loan debt to retirement, career choices and long-term financial goals.
Ep. 4: Personality Types and Savings
What makes some people “savers” and others “spenders?” Do you think you are either one or the other and that your spending style will never change? How might understanding your financial values and habits help you craft a plan that works for your personality?
- Do you agree with Jared that life experience can be a wake-up call to change certain money habits? Has this happened to you or to someone that you know?
- What do you think about Stephanie’s point that your lifestyle can adjust to accommodate putting away more in savings? Have you ever noticed your spending habits growing or shrinking depending on how much money you have at the moment?
- What do you think of Kerri’s view that even though she doesn’t want to stop working, she’ll still need a financial “cushion?”
- Have you ever looked up your Social Security benefits? If you have worked (and contributed to Social Security through your paychecks), then you can find your personalized Social Security estimate at www.SSA.gov. Click or search for “Retirement Estimator.”
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