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Money personality strategies

There are four general money personalities: saver, spender, balancer, and investor. Once you identify your money personality, there are strategies you can apply to your everyday living to optimize your finances even further.

Tips and tricks for dealing with your money personality

In our previous article, we talked about four different ways people handle money. Some people are savers, some are spenders, some like to balance things out, and some like to invest. Each personality has its own strengths and weaknesses. In this article, we're going to give you some tips to help you make the most of your money personality.


Savers are very careful with their money. They don't like spending more than they have to and they are always looking for ways to cut costs. They are good at budgeting and saving, but they might miss out on opportunities to make their money grow because they are hesitant to take risks.
If you are a saver:
  • Remember that it's okay to spend some of your money on things that make you happy. This could include hobbies, health, or education.
  • Make sure your budget isn't too strict. Let yourself have some fun sometimes, and make changes to your budget when you need to.
  • Think about sharing your money with people who might need it more than you do. You could give it to family, friends, or charities.
  • Be proud of what you have and enjoy your money!


Spenders, on the other hand, love using their money. They often spend impulsively and can have a hard time sticking to a budget. Sometimes they will even go into debt to buy things they want. Spenders might enjoy life in the moment more than savers, but they can end up with a lot of stress if they don't manage their money carefully.
If you are a spender:
  • Set aside a portion of your income for savings or investments before you spend anything.
  • Use cash or debit cards instead of credit cards to avoid overspending or paying interest.
  • Set a limit for how much you can spend on non-essential items each month, and stick to it.
  • Review your spending habits and identify areas where you can cut costs or find cheaper alternatives.
  • Find other ways to reward yourself or have fun that don't involve spending money.


Balancers try to strike a healthy balance between the other three money personalities. They are careful with their money but still enjoy spending on things they love. They also look for ways to invest and grow their money. Balancers often have the best of all worlds, but it can be tough to stick to this middle ground.
If you are a balancer:
  • Relax and enjoy your money sometimes, and treat yourself to something you want or need.
  • Be ready to learn about new chances to make more money. Make sure to find out all you can before you say "no."
  • Talk to people you trust to get help, but don't forget to listen to yourself too.
  • Be happy when you do well, and be proud of working hard.


Investors are all about making their money grow. They are willing to take risks to get a higher return on their investment. This has the potential to make them wealthier, but they also run the risk of losing money if things don't go as planned.
If you are an investor:
  • Make sure you don't put all your money into one investment. Save some money for emergencies.
  • Think about what you could gain or lose from your investments. Don't just hope everything will work out.
  • Remember to think about your own goals too. Don't let making money take over your life.
  • Only invest in things you believe in. Don't let money make you do things you don't think are right.

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