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.