The Maker
The Spender
The Giver
The Saver
Spenders, more than other personality types, truly desire to live life to the fullest. As a Spender, social acceptance is important. However, you also want to stand out enough to be unique. You believe that life might be meaningless if you do not take effort to enjoy everything it has to offer.
One common downside is that you may feel pressure to meet social obligations and expectations. This often leads to increased spending on the latest trends and popular items. Additionally, you are more likely to spend on travel, lifestyle, and experiences.
You generally prefer to avoid diving into details and numbers. Often, you are quick to trust your peers and may follow the latest investment trends, sometimes leading to impulsive decisions. While this approach can occasionally be successful, it also carries the risk of overlooking important factors that could affect your long-term financial well-being.
Since you are not particularly detail-oriented, you may also find it easy to overspend and get into debt, especially using a credit card. All that said, you are usually a fun and enjoyable person to be around!
Utilise multiple different bank accounts with limited access to control spending.
Give yourself a fixed budget to spend each month (you can always adjust this over time).
Keep monthly records of total income vs expenses.
Pay off all credit cards at the end of the month. Do not let any balance roll over to the following month.
Limit subscription of instalment payment plans when making purchases — these add up fast.
Be mindful of lifestyle inflation (the behaviour of upgrading your lifestyle and expenses as time passes).
Set up automatic monthly deductions for investments and savings.
Have a trusted professional take care of the smaller details of your investments.
Thanks for taking the time to complete our assessment. As a Spender, Uno Adviser can help you balance enjoying life’s experience with building a secure financial future!
Leave us a message on how you would like us to help you!
Read more about other financial personalities!
