Money Personalities

When it comes to money, people possess many different personalities. There are several recognized money personalities.

Spenders neither budget nor save. They will spend money as long as they have money.

Hoarders will budget but have trouble spending money. They are afraid of not having enough money.

Bingers spend as if a tidal wave had overtaken them. They go on uncontrollable sprees.

Monks are people who think having too much money will corrupt them.

Amassers need large sums of money to spend, save, and invest to avoid feeling like a failure. Their self-esteem is related to how much money they have accumulated.

Worriers are constantly concerned about having enough money, or what to do with the money they have.

Avoiders are those who ignore bills, debts,and checkbook balances.

Understanding your money personality will help you understand your money habits.

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