@TheMob
Money personalities - growing your financial literacy
Thanks to a combination of nature and nurture, plus our own rules, beliefs and experiences around money, we each have a unique mindset when it comes to money. Much like the locals talking a different language when you visit a foreign country, someone else’s Money Mindset can be difficult to fathom.
Which of the Money Mindset Mob sounds like you?
Ashley Stasher
What Ashley loves most about being a Stasher is having money all of her own, and watching her bank balance grow. She finds it difficult deciding to buy something she really wants, and would never, ever buy the first pair of new jeans she tries on. Ashley often has a Stasher-like dream of playing Scrooge McDuck in a Disney movie, just for the chance to dive into a vault of cash.
Splurger Spike
As a Splurger, Spike spends his money and has lots of fun doing so. He never seems to have enough money and rarely has any saved in the bank. With cash in his hand, Spike can be overwhelmed by the available options – where should he start spending? You’ll often hear Splurgers say “I hate budgets!” and they would never dream of calculating their bank fees or credit card interest.
Scaredy-cat Pat
Pat has never had a good grasp on money and how it can benefit her. She is timidly caught between conflicting beliefs around money. She rides a financial rollercoaster, alternating from having ‘too much’ (“I don’t deserve to be rich!”) and having ‘too little’ (“I don’t want to be poor!”). The thought of winning the lottery frightens Scaredy-cats, as does going bankrupt. Pat longs for the confidence of Streetwise Mike, but doesn’t have a clue how to achieve it.
Streetwise Mike
Even though Mike doesn’t like mathematics, he knows his numbers. He divides his income into the Four-Part Money Mastery system and caps his spending. Streetwise mindsets balance their ‘fun right now’ with ‘security for tomorrow’, no matter how much they earn. Mike knows where to learn more about money and wealth. “Money is just a tool and there is more than enough for everyone,” is a Streetwise thing to say.
Which Money Mindset are you?
Could you see yourself in these descriptions? Can you see your friends in the same Money Mindset, or a different one? Whether your family members share similar money personalities or completely different ones, it is possible to work together to make the most of your Money Mindset strengths.
