There are many different kinds of people in the world. Those who work while on vacation, those who take a vacation while at work, those who consider work to be a vacation… No matter what angle you approach it from, people have different ways of going about their lives. It’s the same when it comes to money- how we handle it, how we react to having it… there are benefits and detriments to each kind.
Below is an outline of each kind of money personality. What type do you believe yourself to be? The answer may surprise you!
The Compulsive Saver tends to save money endlessly, viewing finances as a source of security. This makes them rather financially responsible and good at bargain shopping, but gives them a fear of irrational spending.
The Compulsive Spender tends to often make unnecessary purchases, spending money while in emotional distress or for immediate gratification. Whether that money is spent on themselves or other people depends on the occasion.
The Compulsive Moneymaker believes life is better when you earn more. Their top priority is gaining more wealth and making more money, but this makes them crave recognition for their financial success.
The ‘Indifferent to Money’ type tends to be financially well-off, rarely thinking about money as a result. They tend to believe money should not influence important decisions in life; however, unexpected events can throw a serious wrench into their lives.
The Saver-Splurger tends to share a combination of traits between Savers and Spenders; at times they can be smart with money, but sudden interests or desire to buy gifts may cause them to abandon these habits and spend money out of nowhere.
The Gambler tends to take big risks with their finances, whether by literally gambling or by making questionable financial decisions. This makes them happy with financial wins, but deeply depressed over losses.
Finally, the Worrier is constantly worried about losing money. They lack confidence in their ability to achieve financial freedom, and that tends to put them into a perpetual preparation mode.
This is a very rough summary of each kind of money personality. If you want more information, visit this website. Educating yourself on how to handle money is a good idea no matter what type of personality you have is also a good idea, as it can prepare you for emergencies or strokes of fortune.
As always, take care of yourselves, and remember to get vaccinated!