[vc_row][vc_column][stm_spacer height=”90″ height_mobile=”-100″][vc_custom_heading source=”post_title” font_container=”tag:h4|text_align:center|color:%233f3f3f” google_fonts=”font_family:Montserrat%3Aregular%2C700|font_style:700%20bold%20regular%3A700%3Anormal”][/vc_column][/vc_row][vc_row][vc_column width=”1/6″][/vc_column][vc_column width=”2/3″][vc_single_image image=”14324″ img_size=”large” alignment=”center”][stm_separator color=”custom” style=”style_3″ custom_color=”#0d97ff” sep_width=”200px” sep_height=”10px” sep_css=”.vc_custom_1571309810608{margin-top: 20px !important;}”][vc_raw_html]JTVCRElTUExBWV9VTFRJTUFURV9TT0NJQUxfSUNPTlMlNUQ=[/vc_raw_html][vc_column_text]Filipinos belonging in the Millennial and Gen Z age groups have become more financially conscious when the global health pandemic began. According to a survey conducted by a local insurance company, running out of money was discovered as the most pressing concern for the respondents.
However, despite the study’s result, online shopping remains a prevalent activity among Filipinos. More than 50% of online shopping transactions are carried out by members of the two aforementioned groups.
These online splurges could be motivated by an individual’s financial personality type. According to financial planners, credit counselors, and psychologists, understanding one’ financial personality type serves as a kickstart in solidifying the foundation of one’s relationship with money. Read on to see which best describes you.
[/vc_column_text][vc_column_text]1. The Spender
You enjoy the act of spending money on things that you might not actually need and you see fulfillment in giving people gifts or treating them to fancy lunch outs or dinners. Spenders can protect themselves from splurges by giving themselves a 7-day thinking period before checking their cart out from their favorite ecommerce shops.
[/vc_column_text][vc_column_text]2. The Saver
Savers are the opposite of spenders. They have successfully built a good relationship with their money and, most probably, have built their emergency fund, retirement savings, or a financial cushion that will save them should an inevitable financial crisis happen. Sometimes savers become so frugal that they no longer enjoy their hard-earned money. If you’re this type of person, try to relax a bit and allow yourself some splurges as a reward for having a solid financial profile.
[/vc_column_text][vc_column_text]3. The Compulsive Money Maker
Establishing several streams of income, believing that earning more money is the secret to happiness, and getting recognition for his financial success are the signals that you might be a compulsive money maker. It is important that compulsive money makers be reminded that there are other pursuits in life where he/she can get fulfillment other than obsessing on one’s wealth. If this is you, you can also try to find a charity or an organization of a good cause where you can donate or simply treat your family to a fun and memorable vacation.
[/vc_column_text][vc_column_text]4. The Gambler
People who tend to enjoy high risks without guaranteed gains fall under the gambler personality category. Gamblers fill in their available time with risky money activities to escape reality. When the time comes that a gambler touches his emergency fund, his child’s education fund, or borrows money from a friend to patch up a gamble he has lost, he surely is in a pitfall that is difficult to run away from. A gambler must know his limitations when it comes to handling his money.
[/vc_column_text][vc_column_text]5. The Avoider / Indifferent-to-Money
Individuals who are indifferent-to-money refuse to tackle their cash flow management, do not totally care about their credit score, and as much as they can, stay away from the topic of financial management. Although they think that they only need a modest amount of money to get by, it is still important for them to know where their money goes, their recurring monthly expenses, and their debt standing. A very useful tip for avoiders: make it a point to tackle your finances at least once a week and stick to this habit.
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Whichever financial personality type you may belong to, what’s important is that you build a good relationship with your money. Gone are the days that people shy away from talking about finances. Just by browsing the web, you can already get insightful resources on how to handle your hard-earned money well.
Should you wish to upskill further and learn more about financial wellness, talk to your HR and ask when Uploan will conduct the next financial seminar schedule in your company. See you there![/vc_column_text][vc_raw_html]JTVCRElTUExBWV9VTFRJTUFURV9TT0NJQUxfSUNPTlMlNUQ=[/vc_raw_html][/vc_column][vc_column width=”1/6″][/vc_column][/vc_row][vc_row disable_element=”yes” shadow_x_offset=”0″ shadow_y_offset=”0″ shadow_blur=”0″ shadow_spread=”0″][vc_column][/vc_column][/vc_row][vc_row][vc_column][vc_column_text][/vc_column_text][/vc_column][/vc_row]
