These 4 Money Personalities Dictate Our Spending Habits. Which One Are You?
By now, you’ve probably explored your zodiac chart, calculated your Myers-Briggs, and maybe even dabbled in your human design. But do you know your financial personality type?
Brad Klontz, Psy.D., CFP, is a clinical psychologist turned financial planner who has spent years studying the beliefs and assumptions that motivate his clients’ relationships with money. In time, Klontz has calculated the four money “scripts” that drive everyone and written a book about how to optimize them, called Wired for Wealth: Change the Money Mindsets That Keep You Trapped and Unleash Your Wealth Potential.
According to the financial psychologist, identifying your money script is the first step in questioning, and ultimately transforming, the habits that are holding you back in the financial department.
In order to really explore your financial life, you need to think about more than just how you’re spending your paycheck. “You have your financial behaviors above the surface of the water,” Klontz says, comparing our tendencies to an iceberg. “Underneath you have all this subconscious stuff clanking around in your head that’s probably been put there from people generations ago.”
Each money script is supposed to tease out some of those deep-rooted beliefs about money. See which one you identify with most right off the bat, then take this quiz to confirm:
This is just what it sounds like: people who avoid money. They have negative beliefs around wealthy people and think that money usually leads to corruption.
This one describes people who think that having more money will solve their problems and make them happier. “It’s associated with a whole range of things, including workaholism and more shopping,” Klontz adds.
“This is the belief that connects your self-worth with your net worth,”…
