Identify and describe your current life stage. How does your current age or life stage affect your financial thinking and behavior? To what extent and in what ways does your financial thinking anticipate your next stage of life? What financial goals are you aware of that you have set? How are your current experiences informing your financial planning for the future?

 

2. How does the micro factors, such as your present family structure, health, career choices, and other individual factors affect your financial planning?

 

3. Identify the macroeconomic factors that are influencing your financial thinking and behavior today. What are some specific examples? How have large-scale economic changes or cycles, such as the global economic recession of 2008-2009 affected your financial planning and decision making?

 

4. How does the health of the economy affect your financial health? How healthy is the Kenyan economy right now? On what measures do you base your judgments? How will your appreciation of the big picture help you in planning for your future?

 

5. How do business cycles and the health of the economy affect the value of your labor? In terms of supply and demand, what are the optimal conditions in which to sell your labor? How might further education increase your mobility in the labor market (the value of your labor)?

 

 6. Brainstorm on the effective personal financial strategies for:

 (a) Protecting against recession, 

(b) Hedging against inflation, 

(c) Mitigating the effects of deflation, 

(b) Hedging against inflation, 

(d) Taking realistic advantage of periods of expansion.