When it comes to discussing finances, while others are confident talking about it, some of us might cringe. Others might want to dismiss the topic altogeher.
But did you know?
There are values that influence our financial decisions.
From Financial Planning for Young Adults:
Values that influence our financial decisions
- Family
- Security
- Spirituality
- Independence
- Friendship
- Education
- Environmentalism
- Achievement
- Beauty
- Dependability
- Health
- Fun
And there are also evolving values coming from family, friends, society, religion, media.
In terms of finances, we also developed habits, attitudes, and personalities. And we must be aware of how they affect our decisions.
Read on and you might just find what personalities resonate with you.
From Financial Planning for Young Adults:
Money personalities
1. Money Hoarder
- Likes to save money
- Likely to enjoy creating and working with a budget
- May find it hard to spend money for self, buy gifts for others
- Often purchases seem frivolous or unnecessary
2. The Spender
- Likes to buy things to enjoy immediately
- Likely spends all their money earned — and may carry a lot of debt
- Finds it hard to save money
3. The Money Worrier
- Tends to worry about money all the time
- Wants to have control of their money all the time
- Having more money doesn’t lead to less worrying
4. The Money Avoider
- May be late paying bills
- Likely don’t know how much money they have — or how much is spent
- Managing finances seems boring or overwhelming
- May not feel competent to handle money management tasks
5. The Money Monk
- Believes that money is bad and the cause of all problems
- Doesn’t want to accumulate money
- Likely avoids investing money
6. The Amasser
- Likes to have a LOT of money
- Always working to accumulate more money
- May find it difficult to spend money
If you’d like to explore what your money personality is, take the Moneyharmony Quiz.
jessa 