Every person has a way of being, does not he? When it comes to personal finance, it’s no different: there are several financial personalities.
Your financial profile is determined by attitudes and behaviors that define how you handle your money.
To fix potential failures that hinder your financial growth, it is important that you know what your financial personality is.
Next, read about the most common types of financial profiles and find yours!
He is the one who can hardly afford to spend money. This is because it seeks to control the money even if the financial situation is favorable.
The economist does not go to great lengths to save money at the supermarket, buying durable goods (car, property, appliances) and even the trip of his dreams.
Although I think twice before spending, economics are not always a saver. There may not be any money left, but you can not miss it! The economic one is that:
- Buy in cash most of the time, avoiding credit as much as possible;
- Prefer to feed at home;
- Compare prices and knows how to haggle;
- Has self-control with offers;
- Expects the fall in prices to consume;
- Replaces expensive brands with cheaper ones;
- Control spending on a spreadsheet or take notes;
- Opts for larger packaging when buying products, the “more for less”;
- Saves domestic expenses, such as water, energy, gas;
- Pay bills on time, to evade interest and late fees.
Those who save money usually buy what they really need. Asking yourself about the need for consumption shows that you have a more rational and less emotional behavior. And the result is expected: you hardly regret having consumed anything.
Those who have the economic profile are not always satisfied with their choices. You can stop having fun just so you do not spend money and tend to be known by friends as the famous “cow hand.” Not everyone who saves can save money or make investments, and that’s a bit frustrating.
It is the one that adapts more easily to the conditions of the pocket and the financial reality of the country. Think of a scale to better understand this personality.
For example: in times of economic crisis, weigh the costs. When he receives his 13th salary, he sees money as “the most”, and tends to spend (at least partially) instead of economising.
The salary has certain destination and the bills are paid, most of the time, without delay. The balanced one is that:
- You can even buy it in installment if the installment does not weigh in your budget;
- Eat out of the house at times, as long as it does not get expensive;
- Compares prices, but does not always choose the cheapest;
- Try to control yourself with offers;
- It consumes what it considers “fair price”;
- Choose cheaper brands when the pocket asks;
- You know how much you make and how much you can spend;
- It has some mark that does not give up, but it balances the expenses to consume it;
- Track household spending and save when needed;
- Prefer to put the accounts in the automatic debit, not to lose the maturities.
Anyone who stays balanced in personal finances, tends to create means to not run out of money. The quest for financial balance may make you look for alternatives to earn extra income. You know how to use credit wisely, so you can buy what you want without regret in your pocket.
Dealing with money is not an easy task, and any slippage can be a problem. You know how much you earn and how much you can spend, but you are not always prepared for emergency situations. So, in addition to paying bills on time and being cautious with spending, your money needs to have other destinations, such as financial reserve and investments.
It is the one that the money does not last until the end of the month, but the consumption follows “firm” in favor of the well-being. Those who spend more than they earn usually use their credit card and overdraft so as not to run out of money.
The spender buys what he does not need, only to satisfy a momentary desire. You may regret it too late when you have already incurred debts. The problem is not only the rampant consumption, but also the difficulty of seeing the reality of your pocket. Spender is one who:
- Purchase with credit card and installment most of the time;
- It does not give way to eating out, even when it is without money;
- Buy at the first store and do not compare prices;
- Do not miss an offer!
- Purchase the product at the time of launch;
- It consumes “marks” and does not give it away;
- Does not track spending on account and uses overdraft;
- He does not care much about waste;
- Domestic expenditures are not so relevant;
- He does not mind paying interest.
Who spends a lot gets along? However, there are no good points for the spending profile. While finding alternatives to consume what you want, such as using a credit card or overdraft, living in the squeeze is by far the ideal for a healthy financial life. But calm down! Let’s help: Learn how to control your debt and keep up with your finances .
Financial unrest can knock on your door quickly. The fact that you spend more than you earn is the right way to get one or more debts. If you already find yourself in this problem, know that you have moved from the “spender profile” to the “debtor profile.” Do not waste more time: learn how to organize your budget and get out of debt .
He is the one who, besides controlling the expenses and paying the bills on time, has money reserved for emergencies and manages to make investments.
Among the financial profiles, the planner is the one who takes the most money and still knows how to make it pay. Hardly, it will go through some perrengue, because it has total control over its finances.
If you think that to be a planner you need to have enough money: just control the money and be cautious. The planner is one who:
- Buy in sight and in the long term, but always plan the expenses;
- You know how much you can spend on restaurants and leisure;
- Compare prices and only buy if you do not exceed the budget;
- Plan even when it comes to taking advantage of offers;
- Consume in the right measure;
- Adapts to other brands when needed;
- Control expenses on a spreadsheet daily or weekly;
- It allocates part of its money to a financial reserve and makes investments;
- Pay bills even before wages;
- You use credit wisely, opting for low interest.
Who plans spending, knows how to handle money and stay in the blue even in difficult times, such as when the country is in economic crisis. The planner is financially organized and this increases the chances of realizing your dreams, such as buying a car or property. It is the financial profile most desired by all.
The financial planner only has good points! Planning is the key to the success of this profile. Whoever plans, hardly makes the wrong choices. To be a good planner and achieve financial goals, you need focus, determination and discipline. You just have to win!
Financial Profile: Which Is Right And Which Is Wrong?
There is no right or wrong profile when it comes to finances, since each has a financial life history and availability of more or less money.
But it pays to be aware of the profile that you have identified yourself and, if necessary, change some behaviors to achieve what you want.
Oh, and count on Credit Advisor for it whenever you need it! A personal loan at fair rates can be an option for many goals, for example, buying or renovating your home, investing in education, having a wedding party or even that much-desired trip.