Money talks and the way you spend yours, says a lot about you.
So where would you classify yourself when it comes to spending your hard-earned cash?
You keep a log of every cent you spend. You could be one of those people “who knows the price of everything and the value of nothing” (Oscar Wilde). You probably have emergency savings that would see you through a retrenchment or six months of not working. That is truly admirable, but when last did you enjoy anything spontaneously? You are not prepared to leave much to chance. When last did you buy yourself a new CD you did not budget for? When last did you make an impulse buy on a sale?
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You budget carefully, but also have an emergency fund. You have a healthy attitude to your finances. You see it as a commodity that can serve you, rather than being ruled by it. You generally stick to your budget, but are prepared to bend the rules every now and then to buy an irresistible bargain or to enjoy yourselves with friends. One must never be such a slave to one’s budget that one forgets to live a little. Going over budget by R300 once in six months is not going to break the bank.
You work out restaurant bills to the last cent. Unless there was a party of ten and each one’s bill is different or the bill looks much too high, you’re probably being unnecessarily suspicious and ungracious. It’s better to spend R10 too much than it is to look stingy. This does not mean that you have to pay large amounts for other people’s meals, but one does have a certain instinctive feel for how much you spent.
You have five credit cards and sixteen accounts. The thought of not having money to buy something you want makes you come up in hives. You feel you are entitled to the best and you are prepared to do a careful juggling act robbing Susan to pay Sandra in order to get what you want. You hardly give yourself time to enjoy a purchase before you set your sights on something new. The juggling act you do with your accounts could be similar to your attitude to emotional problems – you avoid them or cloud them with other issues.
You work largely on a cash basis/debit card.You are naturally careful and can take a whole year to go through one cheque book – of which all the stubs are filled in.
You always know within about R100 how much you have in the bank and never get calls from your bank manager to say you have gone over your overdraft limit. You probably have a positive balance in your credit card. You are generally reliable and organised without being too much of a perfectionist.
You spend a quarter of your money on insurance. You have a funeral policy, life insurance (but not necessarily dependents), disability cover, household and car insurance, legal cover – and it’s all costing you a fortune. You are every insurance agent’s dream as scare tactics make you buy. In short, you’re an insurance junkie. While having certain types of insurance is non-negotiable, you are overdoing it. If you could take out insurance against the sky falling on your head or being abducted by aliens, you’d do it. You’re one of those people who will be far better off once you are dead than you ever were when you were alive.
You never open bank statements. You are in denial about your spending habits and find all matters financial distasteful and a little frightening. You probably are in the habit of improving your general mood by means of a shopping trip – and we are not talking the supermarket here.
In the back of your mind you could be waiting for someone to rescue you from your plight and your financial responsibilities.
You’re paying off a bond, so you've cut social spending. Buying a house of your own is a long-term investment. You’re probably the kind of person who can deny yourself short-term pleasures in return for long-term benefits. Your money will eventually work for you, rather than disappearing into ever-rising rent.
You shop when you feel depressed. All people need to buy things for themselves from time to time. But you think that buying things you don’t necessarily need will make you feel better about yourself. You have a tendency to run away from problems rather than face them. You try to bury them by giving yourself over to pleasurable activities. You practice retail therapy, which is in fact not really anything except a quick sugar-coated pill with no real long term effects. You probably also practice other avoidance tactics, such as getting overly involved with your work or other peoples’ problems.- (Susan Erasmus Health24)
Money talks and the way you spend yours, says a lot about you.
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