1.2 Money Personalities

What is a feature of money personalities?

• They are not fixed and can change over time.

• They are permanent and unchangeable.

• They are only relevant for budgeting.

• They are irrelevant to financial planning.

What is the purpose of giving language to our financial tendencies?

• To illuminate areas for growth and improvement.

• To create confusion about financial habits.

• To restrict financial freedom.

• To ignore financial planning.

What can spark anxiety for savers?

• Saving too much

• Spending their savings

• Earning more money

• Investing in stocks

What do spenders enjoy purchasing?

• Stocks and bonds

• Products and experiences

• Real estate

• Insurance policies

What is the goal for spenders to avoid unnecessary expenditures?

• To spend beyond their means

• To venture into debt

• To spend within one’s means

• To avoid budgeting

What is a key driver behind investors' decisions?

• Avoiding all risks

• Embracing risk

• Spending money on entertainment

• Saving money in a bank account

What approach does a balancer take towards finances?

• A reckless approach

• A moderate approach

• An aggressive approach

• A passive approach

What is the goal of a balancer in managing finances?

• To spend all their money

• To achieve long-term goals

• To avoid all investments

• To take high risks

What does the fear of making an imperfect decision lead to for Balancers?

• Confidence

• Indecision

• Increased wealth

• Better opportunities

What is the impact of second-guessing choices for Balancers?

• Increased confidence

• Frustration

• Better decision-making

• More savings