3. The Super Saver 

You’re extremely responsible with your spending and find security in retaining this control. You know every special deal and are an expert on the best way to save money by using vouchers. You have no problem sticking to your budget and often save even more than planned. You would rather go without than to spend unnecessarily. 

TIP – First of all, well done on your saving accomplishments. Having money set aside for the future is something we all need to do. Just remember that we need to enjoy life too, so don’t get so focused on saving that you deprive yourself and your family. Set aside a bit for a special treat from time to time. A proper financial plan will allow you to enjoy life in the present and in the future.  

4. The Worrier 

You always worry about not having enough or losing what you have. You lack the confidence to make financial decisions pertaining to your future. Even if you have a solid financial plan in place, you keep double-checking for other options as you are doubtful of your own decisions. 

TIP – If you are a Worrier struggling with confidence and find making financial decisions stressful, educate yourself. A Genistar representative can take you through our financial education programme. After you learn how money works, you will have a solid foundation and the confidence to make informed financial decisions. 

5. The Status Seeker  

You attach importance to the outward show of wealth, often going into debt to improve your image. You own the best of everything and keep growing your collection with every shiny new item that comes out. Your self worth is tied to an image of wealth and success. 

TIP – There’s nothing wrong with having the best of everything – as long as you can afford it. But if you are going into debt for it, you may have a problem. There’s no shame in living within your means, and it’s much more satisfying than carrying a heavy burden of debt. Don’t worry about what others think, your true friends won’t care whether you wear Armani or Primark.  

Did you see yourself in any of these money personality types? Most people will fall into more than one category.  

The idea is to become aware of your intrinsic attitude towards money. This can help you change the long-term effects your money habits will have on your life.  And remember, it’s never too late to improve your relationship with money – as on old Chinese proverb says: The best time to plant a tree was 20 years ago. The second-best time is now. We can revise that to say that the best time to make your financial plan was when you were in your 20s, but the second-best time is now.