5 personality types — 5 different approaches to finance
Global IndiaGold


Have you noticed how differently people relate to money? Some people spend large sums without hesitation, while others buy the minimum necessary, and it’s not just that one person earns more than the other. An important role is played by habits and particularities of the worldview.

In psychology, there are five main personality types that characterize a person’s attitude to money. Understanding of the type you belong to will help you better navigate your path to Financial Security.



Lover of luxury and famous brands. Big spender tries to arouse admiration and envy among others. Big spender is not interested in discounts, such type of person is ready to spend a lot just to keep up with the fashion trends. Such a person must have the latest iPhone, a luxury car and similar attributes.


It is unusual for big spenders to create savings, and this is their main vulnerability. The pursuit of expensive things threatens to shake the financial situation, which is difficult to fix in the absence of a cash reserve.


Start controlling your spending. Shift the focus from things that bring short-term satisfaction to things that will be of long-time value. Before you buy another trendy item, ask yourself: “Will this item be as valuable to me in a year as it is now?” If the answer is “no”, refuse purchasing it.



Unlike the big spender who chases status goods, the shopper spends money on everything. Shopper enjoys the shopping process itself. Purchases made at a discount bring special joy. The buyer’s closets are often filled with things that he/she does not use.


The representative of this type of personality exhibits a frivolous approach when it comes to the accumulation of funds. Shopper prefers to spend money rather than save it, hence his/her financial safety cushion is too “frail” or nonexistent altogether.


Refuse spontaneous, unnecessary purchases. Before going to the store, make a list of goods and buy only what is on the list.



This type is the complete opposite of the previous two. Saver is very careful about where his/her money goes. A proponent of a thrift lifestyle will never buy anything extra. Saver tries to minimize costs by all means, and for this he/she is ready to deny himself/herself a lot.


By taking money saving to the extreme, you risk making life dull and monotonous. Moreover, money stored aimlessly in the safe or in the bank account is gradually “eaten up” by inflation.


Follow the principle of moderate savings, save not as much as possible, but about 10% of your monthly income. Invest the savings in a reliable financial asset to ensure protection against inflation.



Debtor constantly experiences a shortage of money and thinks about where to get it. Oftentimes, debtor has outstanding bank loans. Debtor regularly borrows money from relatives, friends, acquaintances. He/she goes into new debts to pay off the old ones. Debtor is forced to severely limit his/her spending.


Having debt obligations is a major discomfort in itself. The debtor does not feel free; his/her financial situation depends on other people or institutions.


The only way to get out of debt is to save enough money. It will be difficult at first, but you need to start saving at least a tiny amount of money. As savings increase, it will become way easier to pay off creditors.



Investor is guided by the idea that money should generate income. Investor constantly looks for opportunities to profitably invest available funds and spends a lot of time analyzing markets. Investor is always aware of what is happening in real estate, stock market, cryptocurrencies and precious metals.


Investments often involve risk. There is a likely risk of acquiring an asset that, instead of bringing benefits, will result in big losses. What seems to be promising today may fall sharply in price tomorrow.


If you are risk averse, look for assets with a rich history, consistently high demand and a long-term upward trend in price.



An attentive reader will notice that for all the personality types the issue of Financial Security is equally relevant. It is desirable for absolutely everyone to have savings, and not just in foreign currency, but also in assets that can withstand inflation.

Investment gold helps any person to reduce dependence on the economic situation, prepare a reliable reserve for unforeseen cases, preserve and accumulate invested funds.


No matter what lifestyle you choose, having a personal reserve of gold bars will give you more confidence and freedom!




Rate this article:
Published: 30.11.2022
Leave a Comment