Wednesday, July 22, 2020

Which type of money spender do you meet?

First, it is important to understand how you and your family members perceive the money and the role it plays in your household.

For example, when people see money as a security, it reduces the risk of financial problems. On the other hand, if people perceive money as an indication of power or status, it can increase the risk of financial problems.

The study also concluded that there are four ways in which people perceive money. Some people are constantly worried about how much money they spend, others buy things to feel better, while others deny their spending habits.

4 ways money is perceived

Let’s look at four ways people perceive money according to the above study:

Status Consumers see money as a status symbol, as a means of influencing or influencing others.

Smart savers see money as a guarantee of security. Smart savers feel more secure when they are not saving for a specific purpose.

” Independence Lovers ” are hedonists who live only to this day, without any idea of ​​financial security.

Generous donors like to spend money on others, showing affection and gratitude.

Shopping habits

Now that we are familiar with the four ways people perceive money, let’s look at the different types of shopping habits:

Fanatic shoppers make frequent purchases. This type of shoppers often ‘accidentally’ buy more than they originally planned. For example, they can go to the store to buy a pair of shoes, but they buy a few extra things.

Thrifty buyers will do anything to save money. To save money, this type of shoppers can spend hours comparing prices in the store or online and ultimately finding the best deal. In addition, they can drive to the other end of the city to save a few cents, despite the fact that it will take much more time.

Shoppers who want to forget believe in “shopping therapy,” which lets you forget your work or personal life problems while spending money.

Reluctant shoppers are concerned about spending money and postpone buying. For example, this type of person can delay the purchase of an airline ticket for the last minute or, if they need new shoes, wait until the existing shoes are completely worn out to buy a pair of shoes.

Self-esteem shoppers shop to boost their self-esteem, often by buying expensive clothing or things, trying to make themselves feel better.

And what about you? Whichever type you belong to, it is good to be aware of your spending habits and the way you perceive money.

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