Financial Math: Money Personalities Lesson

Financial Math:
Money Personalities

​Answer each question with A, B, C, or D, and keep track of your choices.

​Take this Money Personality Quiz:

​For each question, give yourself the following points for each answer:

A:   1 point
B:   2 points
C:   3 points
D:   4 points

Poll

1. When you receive money as a gift, you are most likely to...

• A) spend it right away on something you want.

• B) save it for something you need.

• C) invest it or donate it to a good cause.

• D) split it between spending, saving, investing, and donating.

Poll

2. When you are shopping, you are most likely to...

• A) buy whatever catches your eye regardless of price or quality

• B) compare prices and quality, and look for discounts and deals.

• C) avoid shopping unless it is absolutely necessary, and buy only the essentials.

• D) have a budget and a shopping list, and stick to them.

Poll

3. When you have a financial goal, you are most likely to...

• A) forget about it or give up on it if it takes too long or requires too much effort.

• B) work hard and save diligently, even if it means sacrificing other things.

• C) seek advice and guidance from experts or mentors, and follow their recommendations

• D) plan and track your progress, and reward yourself for reaching milestones.

Poll

4. When you face a financial challenge, you are most likely to...

• A) ignore it or hope it goes away, and continue spending as usual.

• B) cut back on your expenses and look for ways to increase your income.

• C) ask for help from your family, friends, or professionals, and accept their support.

• D) analyze the situation and come up with a realistic and flexible solution.

Poll

5. When you think about your financial future, you are most likely to...

• A) live in the moment and not worry about tomorrow.

• B) have a clear vision and a detailed plan for achieving your goals.

• C) be optimistic and confident that things will work out for the best.

• D) be cautious and prepared for any possible risks or opportunities.

Poll

Add up your points and find your personality profile.

• Spender

  5-9 points

• Balancer

  10-14 points

• Saver

  15-19 points

• Investor

  20-25 points

Word Cloud

Describe your attitude about money in 1-2 words...

Match

Match the following:

• You enjoy spending money and living in the moment, but you may have trouble saving or planning for the future.

  You may also struggle with debt or impulse buying.

• You are good at managing your money and making smart decisions, but you may also be prone to stress or indecision. You may miss out on some opportunities or experiences because of your cautiousness.

• You are excellent at saving money and reaching your goals, but you may also be too frugal or rigid. You may neglect your present needs or wants, or have difficulty sharing or spending your money.

• You are savvy and strategic with your money, and you seek to grow your wealth and make a positive impact. You may also be adventurous and willing to take risks, but you may be too optimistic or overconfident, and ignore some of your basic needs.

Spender

Balancer

Saver

Investor

• Spender

• Balancer

• Saver

• Investor

Categorize

Options (20)

spend impulsively

buy designer clothes

eat out at expensive restaurants

take luxury vacations

purchase the latest gadgets

budget carefully

save for emergencies and wants

plan for the future

invest in a retirement account

seek financial advice

save money for emergencies

make a strict budget and stick to it

avoid unnecessary purchases

compare prices before making a purchase

set financial goals and stick to them

research potential investments

diversify portfolio

attend financial seminars

monitor stock market trends

consult with financial advisors

Organize these options into the right categories:

Spender

Balancer

Saver

Investor

Multiple Choice

There are four general money personalities: spender, saver, balancer, and investor.

What is the main characteristic of a balancer?

• Their main goal is making their money grow fast, even if it comes with great risk.

• They like to buy new things often, even if they have to borrow money or use credit cards.

• They frequently put money aside and only spend on needs, rarely on wants.

• They like to plan how to use their money wisely, and set aside some for savings and some for fun.

Multiple Choice

Isabel always puts her tax return and birthday money into a separate account. She likes to see her money grow steadily over time, and she only spends it on things that are necessary.

What money personality is Leah most likely to have?

• spender

• balancer

• saver

• investor

Multiple Choice

For someone who tends to be a spender, what is one potential drawback they may need to be aware of?

• They tend to get stressed or guilty when trying to find best ways to manage their money.

• They may not have enough money for emergencies or long-term goals.

• They may miss out on opportunities to grow their money even more through investments.

Multiple Choice

Landon is an investor type. He likes to research and analyze different options and opportunities. He is willing to take risks for higher returns.

What is a good habit for Landon to practice regularly?

• He should invest in multiple and different types of investments, instead of a single type.

• He should ignore the advice of experts and professionals.

• He should withdraw all his money as soon as he sees a profit.

• He should follow his intuition and trust his gut feelings.

Multiple Choice

There are four general money personalities: spender, saver, balancer, and investor.

What is the main characteristic of an investor?

• They're interested in making their money grow.

• They love using their money.

• They're careful to divide their money among saving, spending, and investing.

• They're always looking for ways to cut costs.

Multiple Choice

There are four general money personalities: spender, saver, balancer, and investor.

What is the main characteristic of a spender?

• They're interested in making their money grow.

• They love using their money.

• They're careful to divide their money among saving, spending, and investing.

• They're always looking for ways to cut costs.

Multiple Choice

There are four general money personalities: spender, saver, balancer, and investor.

What is the main characteristic of a balancer?

• They're interested in making their money grow.

• They love using their money.

• They're careful to divide their money among saving, spending, and investing.

• They're always looking for ways to cut costs.

Multiple Choice

There are four general money personalities: spender, saver, balancer, and investor.

What is the main characteristic of a saver?

• They're interested in making their money grow.

• They love using their money.

• They're careful to divide their money among saving, spending, and investing.

• They're always looking for ways to cut costs.

Multiple Choice

Maddox is a spender type. She loves to buy new things and enjoy life, but sometimes she overspends and struggles to save.

What is a good strategy for Maddox to manage her money better?

• She should set a realistic budget and track her spending habits.

• She should buy whatever she wants because she is a spender.

• She should invest all her money in the stock market and enjoy big returns.

• Avoid shopping altogether and save all her money.