alison griffiths articles
Me and My Money
Posted November 25, 2011
Originally Published March 22, 2011
What’s your money personality? Laurie Campbell, executive director of Credit Canada, a not-for-profit debt and credit counseling charity, slots spenders and savers into five categories.
Take the quiz and see how where you fit.
• I’m afraid of running out of money before I die
• I save money with no specific goal or purpose
• I don’t improve my standard of living because I don’t want to spend money
• I often find myself grumbling about the cost of living
If you answered yes to two or more of these then classify yourself as a --
• I have haphazard spending habits
• I feel tomorrow may not come or doesn’t matter so I spend today
• I don’t save for emergencies, major purchases or the future
• I have lots of credit available and debt that never seems to diminish
If yes to two or more then your money personality tends to the --
• I set goals and have a financial plan for the future
• I have a budget and I make adjustments as my life changes
• I live within my means
• I keep my debt to a minimum
Do two or more fit you? If so then you are a --
• I have big dreams and I’m tempted into get-rich-quick schemes
• I have no savings and pay for most larger purchases with my credit card
• I have no budget and don’t track what I spend
• I like to take financial chances and hope my ship will come in to pay them off
If two or more fit you then you are a --
• I have financial goals and a general plan
• I try to make regular RRSPRESP contributions but am not always successful
• I have moderate to heavy debts but also some savings
• I believe a budget is a good idea but don’t have one
Two or more yeses means that when it comes to money types you are a --
WORK IN PROGRESS
Of course, there’s no black and white in money personality types and most are a mix. But if you don’t like the type you tilt towards, then this little quiz might motivate you to change. You can get help at www.creditcanada.com.
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