What type of savings personality are you?
Take our savings personality quiz to find out what type of saver you are and how to make your money work better for you.
Let’s find out what type of saver you are
Whether you love watching your savings grow or the thought of it makes you run a mile, everybody has a different approach to money. But to get the most out of your saving style, you need to get an understanding about your relationship with your money.
We’ve designed this ten question quiz to help you identify your savings personality. Once you get your result, you’ll also get a few handy tips to help you improve how you save.
Know your savings personality
We all have a unique relationship with money, and that includes how we save (or don't!). Understanding your savings personality can be the first step towards building healthier financial habits and achieving your goals. Do any of these six common saving styles sound familiar? Read on to learn more about each type and discover some helpful tips for managing your money.
Worrier
Worriers are often anxious about their finances, and tend to overthink every purchase. This can be channeled into careful budgeting and planning for a rainy day. Learning to relax can help them enjoy the fruits of their labour.
Avoider
Avoiders often bury their heads in the sand when it comes to money, ignoring bank statements and hoping for the best. But taking a little time to understand their finances can bring peace of mind and help them feel more in control.
Compulsive spender
Compulsive spenders love the thrill of a purchase, and find it hard to resist a bargain. Setting a budget and finding other ways to get that buzz, like hitting the gym or learning a new skill, can help them stay in control.
Compulsive saver
Compulsive savers are great at squirelling away money, sometimes at the expense of enjoying life's little pleasures. It's important to remember that money is a tool, and sometimes, you need to treat yourself!
Risk-taker
Risk-takers enjoy the excitement of investments and aren't afraid of a gamble when it comes to their finances. A bit of research and a long-term perspective can help them make smart choices and reap the rewards.
Saver-splurger
Saver-splurgers love to indulge and share the wealth, showering loved ones with gifts and experiences. Setting some spending limits can help them enjoy those splurges without the guilt, and ensure their generosity doesn't break the bank.