Articles About Cash And Money

Hey There, Whats Your Money Personality?

Guys who come up to women in bars and ask: "hey baby, what's your sign?" Since statistics reveal that couples fight over money more than any other issue, maybe a better question to start off a potential relationship is to first find out the other person's money personality.

I just learned about money personality typing in a recent workshop and it is quite fascinating. Basically there are four personality types:

The Savers/Hoarders

Savers embrace the concept of putting something away for a rainy day. Savers describe themselves as responsible. Some of their friends may describe them as stingy or tightwads. Having money make hoarders feel in control and secure. The downside of being a Hoarder is that you may carry it too far and never enjoy what you have accumulated. It could be no fun to live with an extreme Saver.

The Spenders

On the other side of the coin are the Spenders. These folks love instant gratification. You make money to spend it. Funny thing about Spenders are that they are usually not only spending money, but other resources too, like energy, and passion. So, it may be a blast to hang out with an extreme Spender (just imagine going shopping with one), it may also be exhausting and the pleasure fleeting. Another potential problem is that extreme Spenders will spend money they don't have and accumulate huge debts.

The Avoiders

Bobby McFerrin wrote the song "Don't worry, be happy" just so these folks can have their theme song. They seldom bother even opening their bank statements. It's just too much trouble to balance their check books. "Gosh darn, did I send in a payment late again? You see, I really needed to wash my car and get a haircut and.." If you are a fellow Avoider, you probably will get along famously with one. If you like your life orderly, you're in for a rough time, and may find yourself taking on all the money management tasks in the relationship.

The Money Monks

This groups termed themselves "Holier than dough". They are too spiritual to be concerned about something as pedestrian as money matters. Consequently, they very seldom have any money to be concerned about. Again, if you are paired with a Money Monk, you may have to shoulder the money management responsibilities all your own.

I have intentionally described these personalities to the extreme. Not many people are quite that extreme. However, we all have a tendency to be closer to one type than the rest. So, think about how you operate and if you have to categorize yourself, what is your money personality type? What is the type of your significant other? Based on your answers, can you anticipate what issues you would have with each other regarding the issue of money? Even if you both are the same money personality, what money issues are you facing? What are you unhappy about in regards to your money situation? What's one action can you commit to that will improve that situation?

If you are a couple who tend to fight over how each other spends money, here's a suggestion: decide on an amount (call it an allowance or whatever you like) that you each get monthly. Choose an appropriate amount based on your income and financial situation. Regardless of how much each party earns, the amount MUST be the same for both. Then make a pact that you each get to spend that allowance whichever way you choose no questions or criticism from either party. If you are a Saver, and decided to put your allowance into the bank, but your wife went out and bought herself a Kate Spade bag, that's okay, because that is the agreement. How many arguments could you have avoided if you had this arrangement in place?

Now that you know about money personalities, figure out what you like about your personality and what you would like to change. Then ask your partner: "what's your money personality?"

© 2004 Inez O. Ng

ABOUT THE AUTHOR: Do you need some structure and accountability to propel you forward? Personal Coach Inez Ng has worked with professionals and entrepreneurs to transform their aspirations into reality. While focusing on specific areas, her coaching positively impacts all areas of her clients' lives. Learn more about coaching with Inez at http://www.RealizationsUnltd.com

Other Article Sites

findabook.com  moneycd.info  a-mortgage.info   about-lemon-laws.info  aboutstudentloans.info
all-about-publishing.info  auctions-articles.info  bestcollege-university.com  bestispconnection.com
biblefolder.com  blogger-website.com  books-used.info  brokers-guide.info  buywindows.info  cable-dsl.info
career-miner.com  carpel-tunnel.info  cashinaflash.info  cashloanreviews.info  casinobell.com  chat-house.info
clearmycredit.info  collegeloantips.info  crones.info  depression-articles.info   dirnic.net  dishguides.info
divers-below.com  expodog.info   financewizz.com  fire-insurance.info  getgood.info  handleit.net   it-idea.info
health-supplies.info  hosting-right.com  insidealert.com  insurance-facts.info  jobs-employment.info
justgood.info  lookgold.net   lowcost-travel.info  money-source.info  myhostzone.info  numisblog.com
peoplesearchfinder.info  pr-articles.info  realeas.com   refinancing-guides.info  spyware-remove.info
telelot.info  the-law.info   toppaid.info  travel-deals.info  travelcorrect.com  wedding-guide-site.com
your-blog.info  your-credit.info

MORE ARTICLES:

Resource Lending Group Offers Texas Mortgage Loan Help for Texas Residents
Texas has experienced a huge increase in delinquent mortgage payments due to adjustable rate mortgages. Resource Lending Group offers Texas mortgage loan help by helping residents refinance with ease.

How to make money with Affiliate Programs - The Sensible Way
Every day, thousands of would-be marketers scour the internet looking for any and every affiliate program, sign up, sit back and wait for the money to pour in and get frustrated just as fast when the bank balance still shows a big, fat ZERO!There are tons of guru's floating around and even more eBooks and articles claiming to know the latest and greatest trick to make tons of money with no effort at all (oh and of course, unless you use their method then you will never, ever get anywhere in your online business and stay broke the rest of your life). We've all seen these before.

Quick Decisions On The Best Loan Rates ? Do They Exist?
With the explosion of online financial services and the uptake of more people being willing to use them, loan applications ?in principle? can often be reached in a matter of a few minutes and, these days, borrowers can complete an online application form just as quickly and this can be done 24/7, 365 days of the year even from the comfort of your own home. The term ?in principle? basically means that when an application is submitted, this immediately gets automatically cross-checked with the credit reference agencies which can then also automatically trigger a response back to the lender whose systems can then, in turn, inform a prospective borrower whether or not their application has been agreed ?in principle?. With many brokers offering ...

How To Build Your Own Digital Store
What good are your products if you don?t have a place where you could sell them, right? Think of the internet as one big marketplace. Naturally, to be able to sell your wares in a venue like this, you will need a store? a digital store. This digital store takes the form of your website.

Saving Money With Tax Free Medical Plans
Do you have medical expenses that you incur every single year? Do you always use up your entire medical insurance deductible on co-pays?

Car Loan Provider Should Offer Lending Expertise
Brits now have wider access to car loan provider products This is great news to consumers who have consistently over paid for car financing by taking on expensive dealer finance plans

Know The 4 Types Of Repayment Plans For Student Consolidation Loan
When you are in financial difficulty, unable to pay off all the debts but are willing to salvage the situation in order to avoid filing for bankruptcy, then debt negotiation is probably the last and best options for you. Debt negotiation may require highly qualified professional in order to get the job done effectively in favor to the borrower. Not all of us can do that if you choose to negotiate yourself with the lenders. The other option is to contact a credit advisor but some people are scare that the mission may fall into the wrong hands. The following guidelines will provide some good ideas whether you should do it yourself or let the credit advisor help you with debt negotiation.

Cash Back With Student Loan Debt Consolidation
Student loan debt continues to rise each passing year, and college costs, including graduate school costs, have outpaced inflation while federal student loan interest rates are close to record lows. According to studies conducted by the National Center for Education Statistics, it is believed that approximately half of recent college graduates have student loans that, on an average, are in the range of $10,000. Along with such loans, the average cost of college is becoming twice as expensive as the rate of inflation.

Application Loan Mortgage
When securing a loan which is in relation to the borrowers property, this is usually called a loan mortgage. A mortgage is a document expressing the use of a borrowers property as security or collateral for a loan. In the event that a loan shall be made, an application loan mortgage shall be taken when there is an acquisition for a new loan. The mortgage ensures that the borrower guarantees that the amount borrowed shall be repaid over a period of years given in the payment conditions.

Tips on how to store radio controlled cars
First things first! Why is it important to clean and properly store radio controlled cars? Do you remember the reason your mother always told you to clean yourself up, clean your room, wash the dishes, etc.? That is - to keep you clean as well as up and running.

Exclusive $750 Bonus Plus Weekly $1k Cash/World Series Freerolls from PokerListings.com and Hollywood Poker
PokerListings.com and Hollywood Poker are pleased to announce two new exclusive promotions for their players leading up to the 2008 World Series of Poker*. The first: All players who sign up at Hollywood Poker via PokerListings link are eligible for a massive $750 sign-up bonus at 1,000% match. The second: All new depositors also automatically qualify for weekly $1,000 freerolls with $500 cash and six Hollywood Poker WSOP* satellite tickets to be won in each.

Save Money When Going Out
It seems as though whenever we go out for the night, it costs much more than we originally intended to spend. Having a 'night on the town' shouldn't cost you a whole weeks salary.

iLeads.com Introduces LeadPerformance - The First Product to Rank Loan Lead Providers Based on Funded Loans
New Tool Provides Ratings Based on Actual Loan Fundings and Works with Any Provider

Online Store Imports Exotic Silver Jewelry, Exports Well-being
In response to the continuing hardships faced by children in Nepal, Adambha Jewelry now donates 3% of all sales to support education in Nepal. This donation program will continue indefinitely to provide ongoing funding for these efforts.