Your money personality

What’s yours? The answer could help you build your bank balance

- By Evan Lucas

Do you see money as simply a tool to get you from A to B? Or is money central to your personal identity?

Becoming financially self-aware is the starting point to financial freedom. And that means getting to know a side of yourself you may not have considered before – your money personality.

THE SAVER

Savers wait until items are discounted before making a purchase and always aim to pay with cash rather than credit.

However, Savers aren’t comfortable taking on higher-risk investments. The issue for Savers is the security of having physical money impedes their ability to grow their funds over time as savings are eroded by inflation.

THE SPENDER

Spenders enjoy the latest of everything. This costs money, which leaves Spenders facing solid debt.