Let’s talk about money. Not the boring, “here’s how to budget” kind of talk, but the juicy, “what does your spending say about you?” kind of talk. Because let’s be real: we all have a unique relationship with money. Some of us treat it like a precious resource, while others treat it like it’s burning a hole in their pocket. And then there are those of us who just pretend it doesn’t exist (looking at you, ostrich types).
So, grab your favorite snack, get comfy, and let’s dive into the five money personality types. Which one are you?
1. The Saver
Motto: “A penny saved is a penny earned… and then hoarded forever.”
Savers are the type of people who clip coupons, negotiate every bill, and have a spreadsheet for their savings goals. They get a little thrill every time they see their bank account balance go up. For them, money is security, and they’ll do whatever it takes to protect it.
The Good: Savers are financially responsible and rarely stress about emergencies because they’ve got a hefty emergency fund.
The Not-So-Good: They can sometimes take it too far, like refusing to spend money on things that would actually improve their quality of life (like a new mattress or a vacation).
Example: Your friend who brings lunch to work every day, even though they could afford to eat out. They’re not cheap—they’re just saving for a rainy day. Or a hurricane.
2. The Spender
Motto: “Money can’t buy happiness, but it can buy shoes, and that’s basically the same thing.”
Spenders live for the thrill of the purchase. Whether it’s a new gadget, a trendy outfit, or a last-minute weekend getaway, they’re always ready to swipe that card. For them, money is meant to be enjoyed, not squirreled away.
The Good: Spenders know how to live in the moment and enjoy life. They’re often the ones planning fun outings or buying thoughtful gifts for their friends.
The Not-So-Good: They can struggle with impulse control and may find themselves living paycheck to paycheck.
Example: You, after payday, walking into Target for one thing and walking out with a cart full of stuff you didn’t know you needed.
3. The Avoider
Motto: “If I ignore it, maybe it will go away.”
Avoiders are the masters of denial. They don’t like thinking about money, let alone budgeting or saving. Bills? What bills? They’ll deal with it later… maybe.
The Good: Avoiders are great at living in the present and not stressing about the future (until it bites them in the butt).
The Not-So-Good: Their lack of planning can lead to financial chaos, like overdraft fees or surprise debt.
Example: Your roommate who “forgets” to check their bank account until their card gets declined at the coffee shop.
4. The Investor
Motto: “Money makes money, and I’m here to make it rain.”
Investors are the strategic thinkers of the money world. They’re always looking for ways to grow their wealth, whether it’s through stocks, real estate, or side hustles. For them, money is a tool to build a better future.
The Good: Investors are financially savvy and often achieve long-term financial security.
The Not-So-Good: They can sometimes get so focused on the future that they forget to enjoy the present.
Example: Your coworker who’s always talking about their latest investment or side hustle. They’re the one who’s probably retiring at 45.
5. The Balancer
Motto: “Work hard, play hard, save hard.”
Balancers are the unicorns of the money world. They manage to save, spend, and invest in a way that feels sustainable and fulfilling. They’re not perfect, but they’ve found a rhythm that works for them.
The Good: Balancers are financially responsible while still enjoying life. They’re the ones who have a budget but also take vacations.
The Not-So-Good: They can sometimes feel pressure to “have it all,” which can be stressful.
Example: Your friend who packs their lunch most days but still splurges on concert tickets because, hey, life’s short.
So, Which One Are You?
Here’s the thing: most of us are a mix of these personalities. Maybe you’re a Saver most of the time but turn into a Spender when you’re stressed. Or maybe you’re an Investor who occasionally avoids looking at your credit card statement. And that’s okay! The goal isn’t to fit neatly into one box—it’s to understand your tendencies and work with them.
If you’re a Saver, maybe challenge yourself to spend a little on something that brings you joy. If you’re a Spender, try setting aside a small amount each month for savings. And if you’re an Avoider, well, it’s time to face the music (and maybe open that bank app).
Final Thoughts: Embrace Your Money Personality
Your money personality isn’t something to be ashamed of—it’s just a reflection of your values, experiences, and habits. The key is to recognize your strengths and work on your weaknesses.
And remember, no matter what type you are, you’re not stuck. With a little awareness and effort, you can grow, change, and create a healthier relationship with money. So, take a deep breath, give yourself some grace, and start working with your money personality, not against it.
P.S. If you’re an Avoider reading this, congrats! You’ve already taken the first step. Now go check your bank account. You’ve got this. 🚀