Executive Function and Spending?

[Catalyst]

So, I have a hard time with money management. My dad and I are working together to create a plan for my spending, and he manages how much of my money I get each month. I haven't been able to find anything about how executive function and decision making might affect spending. Does anyone else have issues with money management?

 

[Nitro]

No,I actually have a really good handle on managing my money.

 

[Progster]

If anything, I spend too little - I'm really afraid of spending money, hate owing money and worry about having enough money. It really stresses me when I have bills to pay so I pay them straight away to get rid of the stress of knowing I owe money. At the supermarket I'm constantly calculating the best deal or best value for money, I get reduced items near their sell-by-date because they have 30% off, go around turnig lights and devices off the save electricity... it's kind of an obsession. But I also have a thing about buying music albums and CDs or perhaps books, and sometimes buy up to 10 albums at once, because I just have to have them, and then feel guilty... I am contradictory and it makes no sense. But at least I don't owe money.

 

[Bolletje]

I used to be very irresponsible with money. Years of being broke and in crippling debt have taught me to be more responsible though, to the point where my boyfriend actually had to convince me to treat myself a little with my first debt-free paycheck.

 

[Gritches]

I used to be. If I wanted something, I'd just buy it without a second thought.

Now crippling debt has taught me responsibility. What also helped was binge-watching "Everybody Hates Chris" and folding Chris' father's personality into my own (he's hard-working but an incredible penny-pincher).

 

[Suzanne]

I used to and because of being so bad at maths, I just let my husband deal with money and then a few year's ago, we were encouraged to write up a plan of our in and out goings and my husband started it and I was so surprised that I IMMEDIATELY could see where things were going wrong. The trouble is, I can be horribly bonbastic when I know I am right and thus, many arguments ensued due to this. However, it soon calmed down and to give my husband credit, he did start to play ball, even though he thought I was "off my rocker", until we received our first statement ( from when I took over) and saw with shock that we had spent less than earned and from then, he started to give me recipes and I have a book that I jot down everything and use the online banking and my trusted phone calculater and honestly, each day, I have got better and better and now understand accounts. I would love to do a degree in accounting, but with my maths issue, I do not think I would be entertained.

But, I am so happy to help anyone who is going through financial difficulties, to get them back on track and have money left over.

I actually once did it for one of my sisters, but she did not take it on board and I did not think anything about it, just a vague sense that it is easy to achieve.

 

[Chance]

I used to be horrible with money, but after a few very hard lessons when I was really young, I am now very good with it. I do spend on what I want, but I am very carful when doing so. I also have learned not to impulse buy.

Like right now I want a new drone. My old one died a horrific death last fall. I have saved my money, I have the one I want picked out, but I just cant seem to hit the buy button. I really want it. Maybe its because of the 1000.00 loss of the last one as it plunged into the deep blue abyss : (

The new one promises that wont happen... sure it wont. You haven't let Chance drive your Drone...

 

[Judge]

The new one promises that wont happen... sure it wont. You haven't let Chance drive your Drone...

Seems to me that Huey Lewis And The News had similar sentiments.

I want a new drone, one that won't make me sick
One that won't make me crash it
Or make me feel feet, feet, feet thick
I want a new drone, one that won't hurt my head
One that won't make my mouth too dry
Or make my eyes too red

 

[Catalyst]

I used to be horrible with money, but after a few very hard lessons when I was really young, I am now very good with it. I do spend on what I want, but I am very carful when doing so. I also have learned not to impulse buy.

Like right now I want a new drone. My old one died a horrific death last fall. I have saved my money, I have the one I want picked out, but I just cant seem to hit the buy button. I really want it. Maybe its because of the 1000.00 loss of the last one as it plunged into the deep blue abyss : (

The new one promises that wont happen... sure it wont. You haven't let Chance drive your Drone...

Thankfully, I rarely do big purchases unless it's really something I have to have, and even then it has to be under $500. Like, I could never spend $1000 on a drone. Of course, my interest isn't in drones, so I don't know. But my DSLR and lens is a hand-me-down from dad, because I could not spend that kind of money on a camera, but dad had an obsession with photography for a while and kept saving up for newer and "better" cameras and lenses when they went on sale.

My biggest issue is I wind up doing a lot of small purchases. And they're so small, I don't think anything of them, and wind up finding out I've spent like, $50-$100 at a time on these little things.

Your poor drone, though. Deep blue abyss, huh? Lake? River? ... Pool?

 

[Nitro]

The new one promises that wont happen... sure it wont. You haven't let Chance drive your Drone...

I used to work in the ultra-high vacuum field.
We used turbo-molecular pumps that were essentially built like a jet engine powered by an electric motor.
The systems we used them in required a mechanical fore pump in order to draw enough atmosphere from the system to not mangle the pump if it took on atmospheric pressured air.

A standard system we commonly built and used were pumped to 5 to the -10 power torr for the work to be done. It was imperative to mech pump a system to 3 to the -10 torr before starting a turbo pump so it didn't get trashed.

Shut down required killing the turbo pump that was already running in a pretty clean vacuum,so there was very little resistance to stop one.
A normal shutdown took about 20 minutes for the pump to unspool to expose it to atmospheric pressure.
One test I performed required a minimum of one hour of pumping and shutdown time per operation. With assembly and disassembly added to the mix,I could only test 6 items per shift when adding the one hour airlock time for entering the class 10 clean room I did them in.

One day, a super salesman brought my outfit a new in box sample turbo pump he said was guaranteed to not be harmed by venting a chamber while it was shut down but still spooled up.
A week later,I had to call him back to tell him to pick up his junked out $5000 sample.
Never tell me that something you have is indestructible if you don't want to see it destroyed,to me,that's just a dare

 

[Judge]

Just look at all the epic remote-controlled aircraft crashes, mid-air or otherwise on YouTube. I love the looks of the models themselves, and could never imagine putting them to the test of flight.

It would break my heart to see them obliterated while executing their primary function. Though I suppose being able to successfully fly them must be a hoot at times. Frustrating dilemma in terms of assessing value.

 

[kay]

I'm terrified of money, partly because I have so much trouble acquiring it in the first place and partly because I find banking, bill paying, ect terribly confusing at times. My math skills are really bad, too. And of course my aunt died leaving me in charge of her money and possessions and in over my head. My boyfriend had to help me with every bit of it and I still have her taxes to file in addition to my own this year. The taxes I mail nearly the last minute simply because I am scared of taxes.
Oh, the question about executive function...yes it is a problem. I have a horrible time keeping track of everything. My bank issued me a new debit card before the old one expired(new security feature)and that messed up an automatic payment and almost cost me a $25 dollar late fee. I have trouble keeping track of what I earn for my records simply because I forget to write things down.
Fortunately I am thrifty. Very thrifty from fear.

 

[Judge]

Money management strikes me as a peculiar combination of learned skills as "a matter of mechanics", but also fiscal discipline, which seems to reflect a form of self control that one has or doesn't have whether in whole or in part.

Complicated thing, executive functioning. Making not only the right decision, but one that is timely as well to fit your schedule or that of someone else.

 

[Flammie91]

If anything, I spend too little - I'm really afraid of spending money, hate owing money and worry about having enough money. It really stresses me when I have bills to pay so I pay them straight away to get rid of the stress of knowing I owe money. At the supermarket I'm constantly calculating the best deal or best value for money, I get reduced items near their sell-by-date because they have 30% off, go around turnig lights and devices off the save electricity... it's kind of an obsession. But I also have a thing about buying music albums and CDs or perhaps books, and sometimes buy up to 10 albums at once, because I just have to have them, and then feel guilty... I am contradictory and it makes no sense. But at least I don't owe money.

This is me to a T, seriously ^_^

 

[Flammie91]

I am extremely frugal, moreso over time, I never eat out or get a coffee, I hardly ever get the bus, I buy the absolute cheapest food I can find, I rarely share anything... People always say Im greedy and a meiser. Hehe. I do splurge on cds though, when I go I get literally everything I find that I like, also I get good clothes, Im a sucker for underarmor hoodies, and athletic wear in general, those are the only things I really splurge on though. Im a firm believer in spending money on things rather than experiences, like vacations or eating out and other services. Experiences last a moment, whereas items will last you a long time provided you take good care of them. I catch myself constantly telling people what they should do to save money, lol.

If anyone ever needs advice on budgeting and saving money, Im the one to go to. :}

 

[vangelis]

I think I am good with money until I read the credit card statements and realise I am not such a good boy after all. Sometimes I think my cards may have been cloned but no, sadly it's me.

 

[Bolletje]

I've canceled my credit card after paying off my debt (luckily it had a maximum of 1000 euros) to protect myself from spending my money before I've earned it.

 

[vangelis]

I always pay them off to avoid interest or overspending but I just take a big gulp when I see the balance.

 

[Siobhan]

I've been terrible with money and have had a bad relationship with it and now I have to start dealing with the consequences. I need fix my bad credit somehow and find a better job. It's all really overwhelming so I'm trying to chunk the tasks so I don't freak out and shut down like I usually do around money.

 

[Adora]

I’m a lot better with managing money these days,in my house I’m responsible for paying the rent and electricity along with the food,If there is any money left over after bills then I will spend it on a doll I like though I’m still careful with the money I have,also I do not own any credit cards and do not like the idea of having something you have to pay off or owing money so I rather not own some stuff than be in debt,also I believe that the reason why I’m responsible with money and paying rent is due to the fact that I grew up with parents who had issues which involved alcohol and gambling and they never payed their bills to the point where we were evicted from numerous homes and because of that I fear homelessness and I’m more careful and hyper vigilant when it comes to rent.