MONEY PERSONALITY TYPES
Let’s imagine you have been to a mall, as you were passing by and window shopping, a fabulous latest smart phone with all the features you have been looking for catches you eye. What would you do?
While a few of you would not mind, and not take a long time to decide would take your credit card/debit card swipe and own the phone. A few of us would think twice, just click the picture, go home discuss with family and friends and hold back on the spending.
So, this is what we call our money personality. Why is it important for us to find out our personality? It is because it gives us better ideas to make a financial decision. Once you figure out your money personality, you’ll be able to make better decisions in the way you spend, save and invest your money.
So, shall we check your money personality? Read to find out……!
Personality #1 – The Hoarder
Are you a great saver and believe in accumulating money? Does this make you feel secure? Then you belong to this personality. No matter how much money a hoarder has, he will always fear that one false move or unexpected disaster will make him poor.
Are you a great saver and believe in accumulating money? Does this make you feel secure? Then you belong to this personality. No matter how much money a hoarder has, he will always fear that one false move or unexpected disaster will make him poor.
Characteristic features of Hoarders:
– You carry your own snacks hiding at movies and save the money for a rainy day.
– Great pleasure looking at the balance in your account from month to month.
– You love a great bargain and love to share with friends about your latest discoveries at the street market.
– You carry your own snacks hiding at movies and save the money for a rainy day.
– Great pleasure looking at the balance in your account from month to month.
– You love a great bargain and love to share with friends about your latest discoveries at the street market.
Personality #2 – The Spender
Buying things makes Spenders feel important, loved, and recognised. Spenders’ often feel life has to be enjoyed to the fullest. They feel “I can’t be denied anymore.” The biggest spenders are status seekers who equate extravagant possessions with self-worth. Whether or not they can afford it, they feel the status only gives us respect.
Buying things makes Spenders feel important, loved, and recognised. Spenders’ often feel life has to be enjoyed to the fullest. They feel “I can’t be denied anymore.” The biggest spenders are status seekers who equate extravagant possessions with self-worth. Whether or not they can afford it, they feel the status only gives us respect.
Characteristic features of Spenders:
– I can’t wear the same clothes, I deserve the customised attire for the function!
– You like to wow your friends with fabulous gifts, expensive jewellery and fancy cars.
– I can’t wear the same clothes, I deserve the customised attire for the function!
– You like to wow your friends with fabulous gifts, expensive jewellery and fancy cars.
Personality #3 – The Avoider
Avoiders are not comfortable dealing with money. They might not even know how much is in their bank account and planning for retirement feels too far away to worry about. By not staying informed about their finances, Avoiders are missing out on opportunities to set the foundation for a more financially secure future.
Avoiders are not comfortable dealing with money. They might not even know how much is in their bank account and planning for retirement feels too far away to worry about. By not staying informed about their finances, Avoiders are missing out on opportunities to set the foundation for a more financially secure future.
Characteristic features of Avoiders:
– When it comes to making a financial decision, you will avoid the situation and find all kinds of reasons for avoiding it.
– You may avoid making a budget or keeping any kind of financial record.
– You won't know how much money you have, how much you owe, or how much you spend.
– When it comes to making a financial decision, you will avoid the situation and find all kinds of reasons for avoiding it.
– You may avoid making a budget or keeping any kind of financial record.
– You won't know how much money you have, how much you owe, or how much you spend.
Personality #4 – The Money Monk
If you are a money monk, you think that money is dirty, that it is bad, and that if you have too much of it, it will corrupt you. In general, you believe that "money is the root of all evil." It stands to reason that you identify with people of modest means rather than with those who amass wealth.
If you are a money monk, you think that money is dirty, that it is bad, and that if you have too much of it, it will corrupt you. In general, you believe that "money is the root of all evil." It stands to reason that you identify with people of modest means rather than with those who amass wealth.
Characteristic features of Money Monks:
– You’d never ask for a raise – needing money makes you feel greedy.
– You believe the desire for money makes people lose moral values, so you try to avoid dealing with your finances as much as possible.
– you would most likely be comfortable use money only with socially responsible investments that reflected your deeper values and convictions and that contributed to causes you would like to support.
– You’d never ask for a raise – needing money makes you feel greedy.
– You believe the desire for money makes people lose moral values, so you try to avoid dealing with your finances as much as possible.
– you would most likely be comfortable use money only with socially responsible investments that reflected your deeper values and convictions and that contributed to causes you would like to support.
