Discover Your Money Personality: Which Type Are You?
Ever wonder why you handle your finances the way you do? Well, that’s where knowing your money personality comes in handy. It’s shining a light on the way you think, feel, and behave with money—bringing clarity that can transform how you manage it.
If you have always found yourself saving every penny or, on the flip side, spending like there’s no tomorrow. These behaviors aren’t just random. They’re tied to deeper money habits and attitudes that make up your unique money personality.
By identifying your money personality, you get the power to not just manage your finances better but feel more in control and less stressed about money. This awareness can lead to smarter choices that align with your financial goals, whether it’s finally going on that vacation or saving up for a house.
There are five main money personalities we’re gonna explore: the Saver, who loves to stash cash away; the Spender/Splurger, who feels the thrill of the spend; the Gambler, who’s not afraid to take a financial leap; the Investor/Money Maker, always on the lookout for growth; and the Worrier, who just can’t shake those financial fears.
Understanding these types can give you insights into your own financial behaviors and help you strike a balance. Maybe you’re a bit of a Saver with a touch of Worrier, or perhaps an Investor who feels like a Gambler sometimes. Either way, recognizing these traits is the first step to making them work for you.
The Saver: Embrace the Benefits and Beware the Pitfalls
Meet the Saver. This is the person who’s got their emergency fund well-stocked and turns off lights religiously to save on the electricity bill. Savers are the ones who genuinely enjoy watching their savings grow instead of splurging on the latest gadget.
Being a Saver is pretty awesome when it means you can handle unexpected expenses without breaking a sweat. There’s comfort in knowing you’re financially prepared for a rainy day, and you’re likely to avoid debt troubles that come from overspending.
But hold on—sometimes, the ultra-frugal life can mean missing out on epic experiences. A Saver might skip a spontaneous road trip or say no to dinner plans just to stick to a budget too tightly.
Here’s a tip for all the Savers out there: make sure you’re not just saving for the sake of saving. Find a balance where you set realistic goals for spending money on things that bring you real joy, not just what you think you should save on.
Consider setting aside a ‘fun fund’—a stash for spontaneous adventures or treats—so there’s room for enjoyment without guilt. Remember, it’s all about what makes life meaningful while keeping financial security in check.
Honor the Lord with your wealth, with the first fruits of all your crops; then your barns will be filled to overflowing, and your vats will brim over with new wine.” — Proverbs 3:9-10 (NIV)
💡 Encouragement: Saving is wise, but remember that money is a tool, not a security blanket. Trust God as your ultimate provider and seek balance—save diligently, but also be generous and open to His plans for your resources.
The Spender/Splurger: Understanding the Drive and Managing Impulsivity
So, you’re a Spender or Splurger. You know the thrill of bagging a fancy new purchase and love keeping up with trends. Shopping is your sport, and finding the latest must-haves gives you a real buzz.
There’s something exciting about not holding back and living in the moment with your spending. But, sometimes, that swipe-happy lifestyle can lead to more than just full closets and flashy gadgets. Piling up credit card bills and dipping into savings can put you on a financial rollercoaster you didn’t quite sign up for.
Don’t worry, though! Having fun with your cash doesn’t have to mean living in debt or constantly checking your bank app. Here’s a clever move: start budgeting for your splurges. Plan on setting aside a certain amount each month just for fun purchases. This way, you can indulge guilt-free.
Another smart tip is practicing the ’24-hour rule.’ Before making an impulsive purchase, step back and give yourself a day to think it over. You might find that the initial excitement fades, or you might come up with a better way to spend your cash.
Lastly, mix up your activities. Find fun that doesn’t involve spending—it could be anything from hiking to hosting potluck dinners with friends. This way, you’ll still get that buzz without constantly opening your wallet.
Remember, managing money isn’t about skipping all the fun. It’s about making smart choices so you can enjoy life without those finance regrets lurking around.
The wise store up choice food and olive oil, but fools gulp theirs down.” — Proverbs 21:20 (NIV)
💡 Encouragement: Enjoying what you earn is a blessing, but wisdom calls for stewardship. Before swiping that card, ask yourself: “Is this adding lasting value to my life?” God wants you to experience joy, but also financial peace.
The Gambler: Calculated Risks and the Fine Line Between Thriving and Losing
The Gamblers typically thrive on the thrill of high-stakes ventures and believe that big risks can lead to big rewards. Whether it’s investing in startups or playing the stock market, Gamblers live for that adrenaline rush.
Taking risks can definitely pay off, and some of the most successful folks out there are those who dared to bet big. However, there’s a flip side to this daring approach. Poorly calculated risks or unchecked enthusiasm can spiral into avoidable financial disasters.
One smart move for Gamblers is to get the facts straight before placing bets on any financial venture. Diving deep into research and understanding the full risk involved helps in making informed decisions. Consider setting strict limits on how much you’re ready to invest and be sure it won’t wreck your finances if things go south.
Another tip: try diversifying your portfolio. This isn’t just for sharing among the extreme risk-takers, it’s for reinforcing your safety net too. Mixing in a few low-risk investments can balance out those high-octane choices.
Keep the excitement alive but grounded. If you love a little risk, just be careful—FanDuel and parlays can be fun, but they shouldn’t gamble away your financial goals. Make a plan where your risks don’t equal reckless, all while chasing those financial thrills with a bit of caution.
Wealth gained hastily will dwindle, but whoever gathers little by little will increase it.” — Proverbs 13:11 (ESV)
💡 Encouragement: Taking risks can be part of growth, but be mindful of where you place your trust. Quick wins can disappear just as fast. Seek wisdom, pray for discernment, and ensure that your financial choices align with God’s principles.
The Investor/Money Maker and Worrier: A Balanced Path Forward
Here we have a bit of a duo dynamic with the Investor/Money Maker and the Worrier. On one side, Investors are all about smart growth, always on the lookout for opportunities to increase their wealth. Meanwhile, the Worrier tends to double-check everything, keeping a close eye on pennies from every source and worrying about financial security.
Investors are pretty great when it comes to spotting golden opportunities and making their money work hard for them. Their knack for picking up on trends and understanding financial markets often leads to lucrative returns.
But hey, overconfidence in investments can sometimes lead to biting off more than they can chew. Investors may find themselves at risk of making decisions based solely on expected returns, without considering potential losses or analyzing the risk fully.
For Investors, the key is to continue seeking growth but with calculated strategies. Research until there’s not a doubt left and ensure decisions aren’t just based on gut feelings but on solid facts and diversification.
Commit to the Lord whatever you do, and he will establish your plans.” — Proverbs 16:3 (NIV)
💡 Encouragement: Your drive to build wealth is a gift, but don’t let the pursuit of money become your master. When you align your financial goals with God’s purpose, you’ll experience success that goes beyond profit—it will have lasting impact.
Balancing this is the Worrier, who finds solace in financial security but often struggles with the ‘what ifs’ surrounding their finances. This habit could mean they miss out on profitable opportunities due to excessive caution.
Worriers, you can loosen up just a bit without sacrificing your eye for detail. Setting up automatic savings and investments can take some stress off while also ensuring you aren’t missing out on potential wealth-building scenarios.
“So do not worry, saying, ‘What shall we eat?’ or ‘What shall we drink?’ or ‘What shall we wear?’ … Your heavenly Father knows that you need them.” — Matthew 6:31-32 (NIV)
💡 Encouragement: Fear about money can weigh you down, but God promises to provide. Take small, faithful steps toward financial stability, but most importantly, trust that He sees your needs and will take care of you.
Partnering these two mindsets may just bring about the ultimate financial harmony—embracing growth while maintaining peace of mind.
What’s Your Money Personality?
Money affects everyone differently—some people save obsessively, while others love to spend. Take this quiz to discover your dominant money personality!
Instructions: Choose the answer that best fits you. At the end, total your points and find out your money personality.
1. What do you do when you receive unexpected money?
A) Save it immediately. (1 point)
B) Spend it on something fun! (2 points)
C) Use it to take a risk, like betting or investing in a high-return opportunity. (3 points)
D) Invest or put it into a wealth-building strategy. (4 points)
E) Worry about the best way to use it and often do nothing. (5 points)
2. How do you feel about budgeting?
A) I love it! It keeps me in control. (1 point)
B) I don’t really follow one—I buy what I want. (2 points)
C) I budget, but I leave room for big financial risks. (3 points)
D) I budget with a long-term growth plan in mind. (4 points)
E) I try to budget, but I stress over every decision. (5 points)
3. What describes your shopping habits best?
A) I rarely shop unless it’s necessary. (1 point)
B) I love treating myself and others! (2 points)
C) I take risks and sometimes make big impulse buys. (3 points)
D) I make purchases with a strategy, focusing on long-term value. (4 points)
E) I hesitate before making any purchase, afraid of regret. (5 points)
4. How do you feel about debt?
A) Avoid it at all costs. (1 point)
B) I don’t worry about it—I’ll pay it off later. (2 points)
C) I take on debt for high-risk, high-reward opportunities. (3 points)
D) I use debt strategically to grow my wealth. (4 points)
E) I feel overwhelmed by debt and worry about how to manage it. (5 points)
5. How do you feel about investing?
A) I prefer to keep my money safe in savings. (1 point)
B) I don’t think much about investing—I’d rather spend my money. (2 points)
C) I love the thrill of high-risk, high-reward investments. (3 points)
D) I carefully research and invest to build long-term wealth. (4 points)
E) I want to invest but worry too much about losing money. (5 points)
6. What’s your first reaction when you get a bill you weren’t expecting?
A) No problem—I’ve got savings for that. (1 point)
B) Ugh, but I’ll figure it out later. (2 points)
C) Maybe I’ll pay it after I try to make some money fast. (3 points)
D) I analyze my finances and adjust accordingly. (4 points)
E) I panic and worry about how it will affect everything else. (5 points)
7. If you were planning a vacation, how would you handle the expenses?
A) Save up in advance and stick to a budget. (1 point)
B) Book now and figure out the details later! (2 points)
C) Try to score big deals or fund it in a risky way. (3 points)
D) Find ways to make it a financially smart investment (e.g., travel hacking). (4 points)
E) Worry if you can afford it and hesitate to book. (5 points)
Your Results!
📊 Money Personality Scoring Guide
Total Score Money Personality Type Description
7 – 10 🏦 The Saver You prioritize security, avoid debt, and love to save. Just don’t forget to enjoy life a little!
11 – 17 💸 The Spender/Splurger You love spending and treating yourself or others. Be mindful to balance fun with long-term stability.
18 – 24 🎰 The Gambler You enjoy financial risks and quick-money opportunities. Big wins are possible, but strategy is key!
25 – 31 📈 The Investor/Money Maker You focus on growing wealth through smart financial decisions. Keep it up, but remember to enjoy your success too!
32 – 35 😟 The Worrier Money decisions stress you out. While caution is good, overcoming financial fear will help you thrive!
So now you know your money personality, but what should you do with this information? If you are struggling with debt, overspending, or feeling stuck financially, understanding your money personality is the first step to making meaningful changes. Your habits and financial mindset shape the way you earn, save, and spend—so awareness is key.
Now it’s time to take action! Identify the strengths of your money personality and use them to your advantage. At the same time, recognize the challenges that may be holding you back and start implementing small, intentional shifts in your behavior. Whether you’re looking to break free from financial stress, build better habits, or create a solid plan for your future, I’ve got the tools to help. Schedule a Consultation with me so we can get to work on a viable action plan and begin transforming your finances.
Disclaimer:
The information provided in this post is based on my experience and research in personal finance. While I strive to share accurate and helpful insights, this content is for informational purposes only and should not be considered professional financial advice. Please consult a qualified financial advisor for advice tailored to your specific situation.
