What kind of money profile are you?

What kind of money profile are you? Did you know that managing your money involves self-awareness? This is the only way you will achieve your financial and life goals.

Like almost everything else in life, your response to money is largely dictated by your personality. But have you given much thought to how you behave in regard to your finances and how that behaviour affects your bottom line? Understanding your money personality is the first step and will help you shape your approach to spending, saving and investing.

Seeing as a little introspection could make you wealthier, is it time to ask — which one are you?


  • Tend to like status objects, gadgets, clothes, shoes, cars…
  • Will buy everyone a drink because they care what people think of them.
  • Can be wishful thinkers, hoping for the best.
  • Can get into debt more easily due to these traits.

If this describes you, try to be mindful that:
No matter how many objects or objects you own it cannot bring you deep happiness. Often the joy from buying is short lived. I am not suggesting you stop spending, but try to keep a check on it and consider how else your money could be spent or invested to great a deeper level of happiness or wealth.


  • Generous at heart – but sometimes that generosity could replace genuine affection.
  • As any children you may have grow older, they will begin to expect more and more, and maybe not understand many money lessons themselves.
  • You tend to put other’s needs first over yours, wanting the best for them.

If this describes you, try to be mindful that: 
Financial indulgence cannot replace love and affection. Your financial needs are equally important. Buying things for others is a lovely thing to do, but is it to make yourself feel better? Get to the root of your need and you may find your finances are a little more comfortable.


  • Would tend to hoard money, prefer low risk and will want to take the safest option.
  • Tend to save in normal bank accounts and do very well at this but won’t take the next step to invest money, for example in the stock market.
  • Won’t over commit themselves and want to create security around them.

If this describes you, try to be mindful that: 
By creating financial security, you could in fact allow yourself to discover new areas of life you’ve not yet had the chance to discover. Always being in the place of “save save save”, creates other problems – like tax – and then keeping that money secure. Saving is a great thing to do – but have a plan for it.


  • A free-spirited individual who will use money to break free from life and day to day strains.
  • Doesn’t really have a plan or feel worried about how they spend their money as long as it gives them a feeling of joy and independence.

If this describes you, try to be mindful that: 
Life is for living and enjoying as much as you can, but there is a pinch of reality in there which needs to be considered, like your old age. What does the future look like and how can you have the best of both worlds?

Once you determine which of these personality types describes you the most and have put some thought into how you approach money, it's time to see what you can do to make the most of what you have. Making small changes can often yield big results.

As with nearly anything in life, there are pros and cons to each type of money style. Knowing your tendencies can help create the best financial plan for your personality.