Do You Know Your Money Personality?

Have you ever met with someone to create a financial plan, but it just didn’t stick? Have you tried time and time again to follow someone else’s budget plan with no success? This doesn’t mean you are a failure. They just didn’t ask you the right questions to understand your money personality. Do you know your money personality? If you answered no, then you are in the right place. In this article, I am going to explain what money personalities are and discuss the most common ones.

What are money personalities?

Money personalities are the ways in which people relate to money. They are influenced by a variety of factors, including our upbringing, our values, and our life experiences. There is no right or wrong money personality, but understanding your own money personality can help you make better financial decisions.

Some of the most common money personalities include:

Savers: Savers are people who are very careful with their money. They tend to live below their means and save for the future. They may enjoy setting financial goals and tracking their progress.

Spenders: Spenders are people who enjoy spending money. They may not be as careful with their money as savers, and they may not have a lot of financial goals. They may enjoy buying new things and experiences.