A spender or a saver, which are you?

Do you manage your incoming money and outgoing costs with strict budgeting, or do you adopt a more laid-back approach? To take control of your finances, you must first understand your money personality.

Managing your funds can be challenging, and you’ll probably need to correct things. To prevent high stress that interferes with enjoying life, it’s crucial to cultivate a good relationship with money. 

What Is A Money Personality?

Psychologists refer to your money management strategies as your “money personality.” It is intricately linked to your personality, sense of self, values, worldview, routine, and mental health. It decides how financially secure you are and can also influence your behaviour in other areas of your life. Your belief system about money may have been shaped by your parents or your early years and is more emotionally charged than you might realise.

Your subconscious behaviours can be changed, and your financial situation can be stabilised for success if you know your money personality. It’s similar to understanding your partner’s love language to express how you naturally feel about loving and being loved.

Why Is It Important To Understand Your Money Personality?

Based on your financial situation during your life, your money personality will probably change. Understanding your money habits is crucial since doing so can prevent you from making the same financial mistakes twice or inspire you to improve your self-control and make investments in the future. These five sorts of people emotionally attached to money are linked to financial instability, which can lower self-esteem and even jeopardise mental health. In conclusion, controlling your spending habits is critical because doing so can give you more control over your entire life. In a way, it’s self-care because you’re taking care of yourself now for future benefit.

Do you wish to discover your financial type? 

These explanations of the five money personality types will help you determine which one you are and how to improve

5 Personality Types Related To Money

1. Savers

Savings enthusiasts typically experience a sense of pride when they can put their money in a savings account and watch it increase over time. They are well-organized, bargain hunters and meticulous shoppers. They feel financially trustworthy, rarely engage in impulsive spending, are intensely focused on their financial objectives, and are happiest when they know they have a sizeable emergency fund.

Cons of excessive saving can include heightened anxiety over keeping your savings and refraining from enjoyable expenditures. When their bank account balance falls below a specific level, they could experience despair and become harsh on themselves.

Being thrifty is admirable, but if it prevents you from using your funds for fun activities like vacation, concert tickets, or education, it’s time to reconsider your emotional relationship with money.
How To Become A Better Saver: A joyful, fulfilling life and financial security don’t have to be mutually exclusive. Finding a cosy balance and exercising temperance is key. While it’s crucial to lower your financial risks, wise investor occasionally spends money to get a return on their assets. Setting savings goals and rewarding yourself with a treat, such as a piece of high-end apparel you’ve had your eye on or joyful travel plans, can help you mend this nervous connection. You earned your money via hard labour, so you should enjoy it.

2. Spenders

Spenders typically enjoy the excitement of making a purchase, regardless of how expensive or inexpensive it is. They frequently want to live in the now and are quick to part with money for enjoyable experiences. They probably adore buying presents for their loved ones as well. Big Spenders typically say “yes” when treating themselves and others because they are proud of their money and want to enjoy it.

Of all, being a Big Spender has its limitations. When spending gets out of hand, people with this money personality type may start buying things on a whim or in response to passing feelings.

They might need to do more research, shop around for deals, or set up a budget before they make purchases. This is frequently followed by buyers’ regret, which can cause a decline in self-esteem and set off a vicious cycle that continues once they get their next paycheck.
How To Become A Better Spender: Careful preparation and establishing financial goals can help break bad spending habits. It’s simpler to distinguish between requirements and wants when you have savings objectives and a budget. Don’t wait until after you’ve purchased to realise it was a mistake; instead, take your time and think before spending money on anything that can prevent you from achieving your financial objectives.

3. Debtors

Compared to the other personality types, a debtor money personality is less emotionally invested in financial situations. They must pay more attention to their spending patterns and frequently overspend on impulsive items without keeping track of their debts. For them, debt is a constant; even when they stick to a budget, they have other debts to pay and always need help to get ahead. Until they eventually have to deal with their debts. Overall, their financial lifestyle entails a number of risks and may worsen as they age.
How To Become A Better Debtor: The first step is to arrange your purchases and set attainable financial objectives. Those objectives should involve saving and investing because doing so will make you more conscious of your spending patterns. You should also practise discipline regularly by creating a budget for yourself. It’s also acceptable to seek professional financial advice when feeling overwhelmed.

4. Shoppers

People with a passion for shopping enjoy the excitement of making a purchase. They love finding great discounts and can’t resist the excitement of making a purchase. They will buy anything if there is a good sale, not because it will be helpful, but because it is the right time. They could need more financial discipline, know when to stop spending, and start conserving money appropriately without an emergency fund or long-term financial strategy.
How To Be A Better Shopper: Instead of constantly searching for the best deals, shoppers should focus on saving money. Since you probably have lots of possessions now, think about “passing” on that extravagance and saving the money for a future purchase that will be even better, such as a better model of the same item, a rejuvenating trip, or a home. Conscious consumption is a terrific approach to being disciplined with your money. Finding out which areas of your life you are making up for with your impulse purchases is also a smart idea. Doing so can distract you from the emotional trigger with something that won’t bite you later.

5. Investors

Investing is a meticulous process for investors. They are fully aware of their income, expenses, and savings. They care most about investing their money in valuable assets and high-quality products so they can enjoy the rewards of their labour without feeling guilty. Investors prefer to avoid taking financial risks and have high requirements for anything they buy. They take careful decisions and look for long-term profitable passive investments.

Because they develop sound financial habits, recognise the value of their own money, and are willing to learn new techniques to improve their financial literacy, people with this money personality type typically experience financial success.
How To Become A Better Investor: Investors are generally in good shape regarding their financial situation, but there is always room for improvement. Manage your current and future investments to ensure that your financial demands are addressed. Although it’s excellent that you have a keen understanding of your finances, you also need to make sure that your money serves your needs. You’re at a place where you can afford to make long-term investments like purchasing real estate, starting a family, or even retiring. You may always evaluate wasteful spending, change your budgets to achieve loftier objectives, and allocate your extra cash to responsible consumption.

Love From Your Coach

Even while you might not be able to change your money personality, you can accept it and deal with the problems it causes financially. Money management requires self-awareness; by understanding where you are, you may change your behaviour to more effectively accomplish your financial and life goals.

When it comes to money, everyone has good habits and poor habits. These five financial personality types are merely one approach to comprehending what motivates us. Yet, the good news is you can change your personality type. 

Regularly practising money manifestation techniques can change your beliefs and attitudes about money. This can lead to positive changes in your financial behaviour and help you develop a healthier relationship with money.


1. What is money manifestation, and how does it work?

Money manifestation involves aligning your thoughts, beliefs, and actions with your financial goals. It involves using visualization, affirmations, and action-taking to attract more abundance and financial abundance into your life.

2. Is money manifestation a one-time event or a continuous process?

Money manifestation is a continuous process that requires consistent effort and focuses. It’s not a one-time event and requires ongoing practice to see results.

3. Can money manifestation help me regardless of my current financial situation?

Yes, money manifestation can help individuals at any stage of their financial journey. Whether you are in debt, struggling to make ends meet, or already financially comfortable, the principles of money manifestation can help you improve your relationship with money and attract more abundance into your life.

A note to our visitors

This website has updated its privacy policy in compliance with changes to European Union data protection law, for all members globally. We’ve also updated our Privacy Policy to give you more information about your rights and responsibilities with respect to your privacy and personal information. Please read this to review the updates about which cookies we use and what information we collect on our site. By continuing to use this site, you are agreeing to our updated privacy policy.