The 5 Money Personality Types

We all have one, a personality that is, and when it comes to our money, we have a money personality too. 

These are the five money personality types. Which one are you?

1. The Saver 
2. The Spender
3. The Money Maker
4. The Indifferent 
5. The Constant Worrier

The Saver

Here are some signs you might be a Saver: 

• You’re constantly thinking about ways you can save money.

• You really don’t like spending money even though you know you’re putting enough money away in savings.
• You find it hard to give yourself permission to spend money on things that would bring you joy and happiness. 
• You are extremely frugal, always looking for a deal or a discount.

Saver Pros and Cons: 

Getting joy out of saving is a good thing, so you should celebrate the fact that you exercise healthy saving habits. But if you’re compulsively saving and feeling overwhelmed by it, you might want to think about giving yourself permission to loosen the reins a bit. 

The Spender 

Some signs you might be a Spender:

• You see something you like and instantly buy it, without giving a thought to whether you can really afford it.
• You spend money and then tell yourself you’ll worry about how to pay for it later. 
• You feel really good when you spend money but hours later feel bad that you did.

Spender Pros and Cons: 

Spending money when you’re not sure you can afford it causes emotional stress, and those habits can eventually have a negative impact on your most important relationships. There could be some underlying cause for your spending and is the reason you might be attempting to ease some emotional pain. Take some time to recognize what’s going on in your life that you should be dealing with in a healthy way. To feel good about spending, create an income and spending plan that serves as your guide and roadmap to financial success.  

The Money Maker

Some signs you might be a Money Maker: 

• You’re hyper-focused on making money and believe that making more is the key to your happiness.
• You want others to think you have a lot of money and are successful.
• You talk to your friends and family about how much money you make. It has become a big part of your identity.

Money Maker Pros and Cons: 

There is absolutely nothing wrong with making money but when you let it define you, an unhealthy attachment to money is born. When money becomes your identity, you forget who you really are and what truly matters in your life because you’ve made money matter the most. This can lead to an obsession with money, working harder and harder to make more and more of it. You might forget, if you’ve lived in this pattern for a while, the things that truly bring you happiness.

The Indifferent

Some signs you are an Indifferent:  

• You don’t care one way or another about money–if you make enough, it’s okay with you, and if you don’t, that’s okay too. 
• You might think people who make a lot of money are selfish or arrogant in some way.
• You pay no attention to the details of your money (money in or money out). 

The Indifferent Pros and Cons: 

This kind of money personality limits you in so many ways. It robs you of real financial confidence and the ability to take control of your financial life and wellbeing. When we are indifferent to something that we shouldn’t be, life then just happens to us. We become the passenger and not the driver of our lives, so we’re just along for the ride, wherever it may take us. If you keep this Indifferent money personality, your financial life, now and in the future, will suffer. 

The Constant Worrier 

Some signs you are a Constant Worrier: 

• You often think about money, usually several times a day.
• You worry when you have enough money and when you don’t.
• Even though you have plenty of money now and for your future, you still find yourself thinking and worrying about money.

The Constant Worrier Pros and Cons: 

There is nothing good that comes from worrying. A person with this kind of personality can experience loss of sleep, loss of energy, emotional stress, and patterns of worry that become hard to break. Being a constant worrier about money becomes a distraction from all that’s good in your life, and thinking in this way breeds more worry and can become habitual. If this is your money personality, here are a few ways to break the Constant Worrier habit loop. 

Know your money personality type. Work on developing a new and healthier personality with money, one that you feel more aligned with and that feels empowering.

Cheers to your financial health!