We all have our own unique personality that shapes how we think and interact with our money.
Understanding your financial personality can help you identify any issues you might have with money management and help you implement positive changes. Accepting your financial flaws might be hard, but it will make it a lot easier for you to realise your long term financial goals.
Have a think about which of these three financial personalities best describes you, so you can make a change to your financial habits for the better:
The Money Procrastinator.
If you find yourself doing anything and everything before forcing yourself to open your monthly credit card statement, then you’re probably avoiding your finances too much.
While we’re all guilty of procrastinating at some point, if you’re avoiding your finances so much that you aren’t even sure if you have enough to pay your monthly electricity bill or school fees, then you might need to be a little more proactive and in tune with your finances.
If you can relate to this, then it’s time to sit down and assess your financial health. This probably doesn’t sound like a lot of fun, so you may want to seek some professional advice from a financial planner to help you get through it. Talking things through can help you get motivated and can also help set you up for long term financial success. Consider using a budget planner or an online app to help you get back on track.
The Out Loud team recently chatted about money ostriches. Listen to the conversation: