Feb 5 2014

What’s Your Money Personality?

Puzzled Girl The information in this post is provided by our partner Accel Financial Counseling. Accel’s counseling services and educational programs are available free to all Consumers members.

Have you ever wondered why you use money in a particular way? Many forces impact the development of your money personality. You make purchases to fulfill desires and to make yourself feel a certain way. Some spending influences include: advertising, media, society, friends, family, and easy credit. In addition, shopping is an “experience” to enjoy and there are so many goods that are so affordable.

One way to evaluate your approach to money is to identify your attitudes about money. Where do you fit?

Hoarder – The hoarder likes to save, budget, and prioritize

Spender – The spender likes to spend

Planner – The planner is the nitty-gritty, take-it-one-step-at-a-time type

Dreamer – The dreamer hatches passionate schemes, but has no idea how to make them come true

Merger – The merger wants to pull all of the couple’s money together

Separatist – The separatist wants at least some of his/her own money

Risk-taker – The risk-taker loves adventurous investing

Risk-avoider – The risk-avoider goes for the sure thing

Need a financial counselor? As a member of Consumers Credit Union, you can take advantage of the Accel program, a free financial education and counseling program. Accel counselors are available Monday through Thursday 8 a.m. to 12 a.m. (EST), Friday 8 a.m. to 7 p.m. and Saturday from 9 a.m. to 1 p.m. To use this service, simply call 1-877-33ACCEL (332-2235) or visit them on the web at www.accelservices.org.

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  1. James Loedeman says

    I’m a separatist, I guess. But I think I’m more of a risk-taker, planner, separatist. I have aggressive growth savings in place, and the money I keep out for “myself” is to make sure my spender of a wife can’t out-spend my income. This way I can pay the bills and mortgage. She is a merger-spender-dreamer.

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