Chapter 2 Money and Relationships

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Chapter 2Money and Relationships
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Needs vs Wants

• What have you bought recently?
• How much thought went into it?
• Need or want? Buddhism

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Lifestyle

• Envision the lifestyle you would like to lead
• Most important financial goal now?
• 5 years from now? 10? 30?
• Spending Habits
• Spendthrifts vs. Tightwads

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Money and other Relationships

• Average cost of a wedding
• 25,200 without the honeymoon
• Where is most of this spent?
• Average cost to raise a child
• 245,000 without college
• Varies by region 455,000 in Northeast
• Average cost of a divorce
• 25,000-30,000