Read the profile next to the letter of your most frequent answer. Feel free to email me at [email protected] with any questions or thoughts you may have about your results. I can send you some suggestions and feedback about your result.
A. Over Spender
You identified as the Over Spender. You use money as a means to feel an emotional need or void. You may understand how money works, and how you could put a financial plan together, but the impulse to spend is greater than these fleeting thoughts. You are accustomed to a lifestyle of dinners, shopping, designer clothing and accessories. The income you make monthly is sometimes not enough to cover your spending needs, so you use credit cards to supplement you spending habits. You live for today, and enjoy the moment to the fullest. You are generous and often treat others by buying gifts or nights out. Budget is not a word that is in your vocabulary let alone something you live your life by.
B. Money Monk
You identified as a Money Monk. Somewhere along the way you came to believe that money was bad and the people who have money are not good people. Because you believe this you take jobs make social impact and allow you to serve your community, but pay less than your value. This keeps you in your comfort zone, and keeps you from being one of those money chasing yuppie, techie, or greedy capitalist. After your basic needs are met, you spend or give away the excess money you have. You may have a savings account, but find it hard to save money every month. You have not started a future savings account because you feel distrust with most big financial institutions. As a result of these money beliefs and patterns you live basically paycheck to paycheck and often feel like a hamster on the wheel.
C. Frugal Type
You identified as the Frugal Type. Bottom line you love saving money. You love saving money so much that you would drive 5 miles out of your way to save 2 cents on a gallon of gas. You can’t wait to use the points you accumulate on grocery cards, gas, cards, and credit cards. Coupons?? Yes please!! Budget?? Of course! You make sure to check that you are on track with your budget often, and very rarely go over budget. You make sure to look at your monthly statements and see which accounts have grown and which have not. You have a hard time spending money on others, and only do it if it is a special occasion. This is not because you are a bad person, it just seem silly to spend money on things that will pass and won’t matter. It makes more sense and feels better to save. When you save you save in places that give you a realistic return. You don’t like to take risks with your money. The strive for the feeling of being secure financially. Even if you may have a good amount of money saved, you are not flashy.
D. Money Mogul
You identified as the Money Mogul. You only feel fully alive when you have lots of money and resources at your disposal. You understand the money game, and are not afraid to play it. You are not afraid to take risks, if it means that there will be a big payout. You have no problem investing in yourself and are most likely a self starter or entrepreneur. The more money you have, the better you feel about yourself. You see money as a force of good and tool that opens doors and opportunities. You use debt as a tool of accumulation. You have a financial advisor, and also do some trading on your own. Losing money puts you in an anxious state.
You have identified as the Avoider. Money is something that you do not feel comfortable talking about, and you avoid it at all costs. When a social conversation turns to money, and the Avoider finds a way to excuse themselves from the conversation. Avoiders can have money or have no money. What all Avoiders have in common is they feel very disempowered when it comes to money. Avoiders have never set aside time to create a budget, so spending happens with no accountability. Future planning is too scary and therefore never happens. An avoider makes financial decisions on a day to day basis. Financial statements that come in get put on top of the pile of other statements.