Spending Personalities
Understanding how your spending habits evolved, as well as identifying your values and spending personality, will help you become a better saver and smarter spender; it may also change your self-esteem. Typically, saving as little as $1 a day amounts to $7 a week, $30 a month and $365 a year! Realizing your ability to save bolsters your confidence, your self-control and your ability to obtain your goals, which improves your quality of life.
Take a moment to review these Spending Personality icons. Try to identify which characterizes the way you spend money. You may choose more than one. Click the image for a brief definition of the spender and get information on how to modify your spending behavior.
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Impulse Spending
Buys items without planning purchases and often buys things that are not needed.
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Passive Spenders
Hates shopping and usually buys items without comparing prices or asking questions.
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Avoidance Spenders
Shops to avoid/escape dealing with everyday stresses.
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Fanatical Spenders
So busy looking for discounts, but failing to realize all the time and energy (and gas money) used “bargain hunting” defeats the purpose.
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Utilitarian Spender
Shops only to fulfill needs (not wants).