Personal Finance
The 5 Money Personality Types.
Which One Are You?
Your money personality type is the sum of your personality and your beliefs about money. It influences your relationship with money and impacts your financial situation.
Here are the five money personality types and how you can work with them to make sound financial decisions.
The Saver
While it’s good to know where your money is going, it pays to question your motives for saving as much as you do. Is it out of fear? And a sense of lack?
If you have saved enough for a rainy day (equivalent to 3 to 6 months' income) and are investing some towards your long-term goals (e.g. retirement), maybe look at how money can add to the quality of your life.
Are there things or experiences you are denying yourself out of this sense of lack? Fear of running out of money? Seek balance in your approach to money.
