We all have our own way of gaining, losing, spending, and saving. These habits form around a variety of factors and experiences. Finding out your money personality can teach you more about yourself, and the best way for you to look after your money. Each of us has our own money personality type, do you know what yours is?
Take the quiz here to find yours: The money quiz
Money personality types
- The Saver
- The Pleasure Seeker
- The Star
- The Idealist
- The Empire Builder
- The Caretaker
- The Innocent
- The Guardian
The Saver
Enjoys planning towards a better future by saving, investing, and other ways of steadily growing account balances. Savers generally have a nest egg or funds saved up for a rainy day. This allows them the freedom to peruse something new when they want to, or in case of an emergency.
The Pleasure Seeker
Enjoys prioritising feeling good and pursuits that provide pleasure. They are always trying to find fulfilment in the here and now, no matter what it is they are doing. Fast or immediate good results are preferred over long-term investments. Health, retail brands, and food security are also important to Pleasure Seekers.
The Star
The Star wants to lead by example, find the way, and be seen while doing so. They believe that using their charisma is the best way to bring about real change in whatever they are doing. The lifestyle that they live, the assets that they have, and acts of generosity are also important to The Star.
The Idealist
Seeks both social and environmental change for the better. Being recognised for their abilities is important and using those skills to help connect with other people. Large corporations or government entities are generally not trusted by The Idealist. They will usually only make small or conservative investments.
The Empire Builder
Wants to invest in something that helps make a lasting impact. The Empire Builder likes concentrating their efforts on building what is important and enduring, rather than taking on several different projects at the same time. They see money as a building block for the future.
The Caretaker
The Caretaker is driven by compassion, feeling connected, and generosity. They like using their money to help family, friends, or whoever needs it most. The Caretaker likes making impact investments, participating in charity work, or focusing on creative pursuits. Their ultimate belief is that it is better to give than receive.
The Innocent
The Innocent prefers outsourcing a task to someone else rather than doing it themselves. They like simplicity over complexity. Trust is formed quickly and generally they agree with those that seem to know better about something. Optimism is also a strong trait here, with the belief that all will work out for the best.
The Guardian
The Guardian prefers controlling and organising every aspect of his/her own life. They believe that if they are not vigilant and on top of things something could easily go wrong. The Guardian likes making long-term financial investments. This includes investing in stocks, property, or mutual funds.
What do you think? Do you know which one you are?
Take the quiz here to find yours: The money quiz
Understanding both your strengths and weaknesses when it comes to money allows us to improve the way in which we spend and save. Letting us all work towards our financial goals, R1 at a time.
