Why Your Money Personality Matters Your financial choices aren’t just determined by the numbers in your account — they’re shaped by your habits, emotions, and even the stories you grew up with about money.
Maybe your parents drilled the importance of saving into you. Maybe you saw money as a tool to enjoy life. Or maybe, talking about money was avoided altogether because it was stressful.
Knowing your money personality helps you spot patterns, understand your blind spots, and build a financial plan that actually works for you.
Most people are a mix of different types, but one usually dominates.
Let’s explore the 3 most common ones and how to work with your natural tendencies instead of against them.
1. The Saver Savers are the planners, the ones who sleep better knowing there’s a healthy cushion in their bank account.
You get a sense of satisfaction from watching your balance grow and prefer to spend only on what’s necessary. Risk doesn’t excite you, it makes you cautious.
You’re a Saver if:
You’re naturally careful with money.
You avoid unnecessary spending and debt.
You feel most secure with a cash buffer.
💪Strengths
Consistently builds emergency funds.
Avoids high-interest debt.
Disciplined and goal-oriented.
⚠️Watch Outs
Can miss out on investment growth due to over-caution.
May delay life goals because of reluctance to spend.
💡Optimisation Tips
Allocate a portion of savings into diversified investments for long-term growth.
Create a “fun fund” for guilt-free spending.
Divide your money into three categories — Safety, Growth, and Enjoyment, to balance security with lifestyle.
2. The Spender Spenders are all about living life in the moment.
You love experiences, enjoy upgrading your lifestyle, and find joy in treating loved ones. Money is a tool to create memories now, the future can wait.
You’re a Spender if:
You enjoy experiences, lifestyle upgrades, and generosity.
You’re comfortable making quick financial decisions.
You see money as something to be enjoyed, not hoarded.
💪Strengths
Willing to take calculated risks.
Good at seizing opportunities quickly.
Builds strong relationships through generosity.
⚠️Watch Outs
Risk of overspending or falling into debt.
May neglect retirement or emergency funds.
💡Optimisation Tips
Automate savings before spending.
Use a guilt-free spending account to enjoy life without overshooting your budget.
Invest in assets or skills that bring long-term value.
3. The Avoider Avoiders would rather be anywhere than dealing with bills, budgets, or investments.
Money topics feel stressful or boring, so you put them off… sometimes until they become urgent.
You’re an Avoider if:
You procrastinate on financial decisions.
You avoid money discussions or tasks.
You often leave money matters to someone else.
💪Strengths
Not overly fixated on money.
Can adapt quickly when guided.
⚠️Watch Outs
Risk of missed deadlines, late fees, or poor financial decisions.
Vulnerable to being taken advantage of.
💡Optimisation Tips
Partner with a trusted adviser for structure and accountability.
Automate bill payments and savings.
Break financial tasks into smaller, less intimidating steps.
Final Thoughts No type is “good” or “bad”. Each comes with its strengths and blind spots. The goal is awareness so you can design a plan that plays to your strengths and protects against your weaknesses.
Whether you’re a Saver, Spender, or Avoider (or a mix), the right financial strategy can help you enjoy life now while building a secure future.
The views expressed in this media do not necessarily reflect the views of PFPFA Pte Ltd (“PFPFA”). The information provided herein is intended for general circulation and not intended for distribution to, or use by, any person or entity in any jurisdiction or country where such distribution or use will be contrary to local laws or regulation. You should also note that the information presented does not have regard to the specific investment objectives, financial situation or the particular needs of any specific individuals; and therefore, may not be appropriate to your individual needs. You should seek the advice of your financial adviser representative or a professional before making any commitment to purchase or invest in any investment product.
Estate planning services is provided by PFP Legacy Singapore, a sister company of PFPFA Pte Ltd. Estate planning and/or will-writing services are non-financial advisory services and thus are not regulated under the Financial Advisers Act. Prestige Wealth is a group of Certified Estate Planners, representing PFP Legacy Singapore.
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