Casino owner's favorite. Having strong friendships and interpersonal relationships is one way you can achieve a healthier relationship with your finances. If this sounds familiar, you'll benefit from finding a balance between making and saving money, but also enjoying it. Honda cites one of his friends as an example. The seventh personality he identifies are saver-splurgers. The moneymaker: "When you get together with [moneymakers], they always talk about cryptocurrency or whatever the thing is they do, " says Honda. They want approval and recognition from others. This will allow you to see the source of your addiction and find a healthier balance in your life. Big spender at a casino.
The worrier: This personality feels anxiety about finances regardless of how much money they have. The compulsive spender: Compulsive spenders, no matter the situation, dispose of their money as quickly as they get it. How you internalize this over time can define your money personality. You may find fulfillment by giving money to charity or by taking up a hobby that doesn't require money at all. This personality will be highly regimented and serious, but then be prone to impulsive spending. Two out of five Canadians are less hopeful of their financial futures.
"If you're a spender, " Honda says, "you have the biggest fear of missing out, whereas worriers, they have the same fear but they're worried about money. Without addressing what the real route of your fear is, you'll be unable to make peace with your finances. In "Happy Money, " Honda argues that your relationship with money is born from how your parents related to their finances, creating a "money blueprint. The indifferent-to-money personality is often regarded as a happy personality, and is generally focused on non-material goods, like academic success. Here's how your money personality could be making matters worse. Bring a positive perspective when saving money by imagining the fun things you can do with it. Honda believes this personality is trying to control their life through their relationship with money. Honda says that worriers are generally pessimistic and lack self-confidence. This can be risky if something happens to your partner, and you're unsure of how your money is managed. You might focus on a vacation you would like to take, or something fun you can do for your family to bring them joy.
While times are indeed tough, your relationship with money might be making things a lot worse. Worriers have a fear about life in general, one that they project onto money. The saver-splurger: Honda recognizes that there are grey areas in personality types, and sometimes individuals will demonstrate more than one trait. But having a support system of friends and family that you can discuss your finances with, lets you discover other perspectives on how to relate to money.