A Finance Power Pack
Hey I think of one the biggest issues that most people have has to do with finances and handling money. A lot of people just get a job and then live paycheck to paycheck. It would be great if you guys created a power pack to help people understand how to create a budget, save money, use credit, and in general just make good financial basic decisions. Thanks for your help. You guys rock!
Peter - that's great!
Easy enough to add "A penny saved" as a power up when I avoid eating out when I could have brown-bagged it - or if it's a big issue, then maybe add a Bad Guy "Frivolous Spender" for impulse buys when you could've/should've just saved! People having hard times with their budgeting could add a quest with a weekly-reminder (on pay-day) to make sure all of their bills are paid before they go out and make purchases that would otherwise hinder their ability to pay for the necessities!
I agree that there needs to be a Power Pack that deals with finances as debt is a huge source of stress.
I also think there needs to be one on career - being stuck in a bad job is sole destroying. Plus I beat there are a lot of students out there slogging it out that could use all the encouragment they can get.
I would go even further and say that financial should be an actual resilience bar, along with the 4 others. Maybe not for everybody, something you can enable if it's an issue for you. I know I'd like to actually see and track this one as I do all others for sure.
Fleur Braddick commented
I agree! - this is an important issue for mental health too (financial worries being a big contributor to stress) - for the science to justify it see research from London School of Economics on the cost effectiveness of debt advice as depression prevention intervention (I'll try to find a paper to post here - I heard about this in a lecture by Prof. Martin Knapp)
Create a realistic budget and stick with. Review it from time to time, make sure that you are on track. Tweak it only in emergency; the goal is to start a savings account. Spend money on what you need, not what you want. Good luck !
peter buckley commented
I can see adding a simple screen called “A penny saved?”… when you eat out when you didn’t need to, have a few drinks that wasn’t necessary, get a parking ticket because you thought you could get away with it. Here we could see a clear line between behavior and what we were losing out on. We could look to choose to select > invest > purchase item >vacation etc, every time we overcame the urge to splurge on something we didn’t need. We could then attach those “saved” dollars to selected items, experiences or investments.
I would love that too!
That would be useful.