Personal Financial Literacy: Understanding Money Personalities

Which statement reflects a tendency to spend impulsively?

• I always stay within my budget.

• I rely mainly on my instincts when making purchases.

• I do a lot of comparison shopping before buying a big-ticket item.

• I get great joy from helping others.

Which statement suggests a focus on future financial security?

• I spend little time planning for the future.

• If I won $10 million, I would be very pleased knowing my future is secure.

• I don’t keep track of how much money I have.

• I tend to overdo it when buying gifts for family and friends.

Which statement best describes the "Spender"?

• They always stay within their budget.

• Shopping really cheers them up when they’re having a bad day.

• They always return from shopping without having bought something.

• They do a lot of comparison shopping before buying a big-ticket item.

Which statement indicates a lack of interest in financial planning?

• I spend little time planning for the future.

• I always stay within my budget.

• I do a lot of comparison shopping before buying a big-ticket item.

• I get great joy from helping others.

Which statement reflects a carefree attitude towards money?

• I believe money issues will work themselves out eventually; money is my last priority.

• I always stay within my budget.

• I do a lot of comparison shopping before buying a big-ticket item.

• I get great joy from helping others.

What is the predominant money personality if you may find it hard to treat yourself or even spend on essentials. You may have trouble being generous with others. You could miss out on valuable opportunities and experiences.

• The Spender

• The Saver

• The Investor

• The Risk-Taker

What issue might a Spender face according to the document?

• Trouble being generous with others

• Difficulty in treating oneself

• Trouble saving and controlling debt

• Risking too much for savings

Which personality might have trouble with self-worth depending on material things?

• The Saver

• The Spender

• The Investor

• The Planner

What is a potential problem for someone with a Saver personality?

• Spending too much on essentials

• Missing out on valuable opportunities

• Not knowing a good deal when they see it

• Spending money as soon as it’s available

What might a Saver prefer over spending?

• Buying gifts

• Watching their savings grow

• Spending money on status

• Living for today