Fina605 Personal Finance|Purchase Assessment Answer

You are required to address the following questions using this template (type in the boxes provided). You can complete the questions with your own information, but with permission from your workshop supervisor you may use information from another person from whom you have written permission (consent).
Refer to the Final Report Marking Rubric for the marking breakdown.  If you have any questions, please ask!

Part A: Financial Personality
Visit the Sorted website (sorted.org.nz) and take the financial personality quiz.
Identify your financial personality (reference your Sorted survey) and describe the top three key characteristics of this financial personality.  Use an example to elaborate how these key characteristics influence the way you make financial decisions.

Reflection
i.Who has most influenced your financial personality? Discuss the lessons that they imparted to you, both the positive and negative lessons. Give examples.
ii.Discuss whether you are a spender or a saver, how much attention you give your finances, and do you consider yourself to be a risk avoider or risk taker?
iii.What was your last major purchase? Answer the following questions in reference to this purchase:
ï‚·Describe the process you went through in making this purchase.
ï‚·Was this a planned purchase or an impulse purchase? Identify if this purchase was for a need or a want?
ï‚·Did you do a lot of investigation before you made the purchase?  
ï‚·Did you consider the impact that the purchase would have on your financial situation?