WHATS YOUR MONEY PERSONALITY?

Understanding your money personality is the first step towards financial health, helping you uncover your approach to spending, saving, investing, and where you need to take action.

Knowing your money personality can help you understand how to make your money work for you, how to save more, and overall how to make smarter financial choices as each person has their own outlook on finances and way of doing things.

There are seven money personalities and based on the relationship different people have with money, this article is to help you find out what your money personality is.

Let’s dig into the different money personalities shall we. The first money personality are the:

#Money advice: It’s really all about moderation; learn to find a balance between saving money and enjoying life. Think about where you see yourself in the future.

You should totally read Do You Binge Spend for more.

#Money advice: Recognise that there’s more to life than money. Your Health, spending time with family and friends, showing love to people around and even using some of your resources to put a smile on their faces will go a long way.

#Money advice: Even if you are financially comfortable, make it a point to know things like where your money is going, what your monthly expenses are, and where you stand on debt. Doing all these things can save you a lot of financial stress in the future.

#Money advice: Don’t lose sight of your financial goals. Save as you should and spend on things that are necessary. It’s okay to splurge once in a while but be careful of the damage it might do to your account.

#Money advice: The goal is to be introspective and strict with the financial risks you take. Balance and security are essential to have, so start setting aside monthly savings before making any big financial decisions.

#Money advice: Seek positivity around money conversations. Work on understanding where your financial worries are coming from, by keeping track and talking to a financial advisor.

The idea at the end of it all is to Let Your Money Work For You and one of the ways of achieving this is by investing on Wealth.ng

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