IF YOUR ANSWERS ARE…
You’re a Spender. You spend all you earn – sometimes, more than you earn. You often buy frivolous or luxury items you can’t afford.
“A financial advisor can help you implement strategies and guide you on how to maximise surplus, fast-track your debt repayment and direct spending more wisely,” Leah says. Formulate a savings plan, and stick to it.
You’re a Saver. You are good with money and regularly set some of your income aside to create a cushion in case an emergency crops up.
“Savers are a step ahead,” says Leah. “They will reach their goals faster, especially if they direct their savings to the right places and achieve a return on investment.” Well done manging your finances – keep up the good work!
You’re a Stasher; an extreme saver who worries too much about money in the future to enjoy what they earn.
“Money is like a drug to a stasher. Once they feel the euphoria of wealth starting to accumulate, they can’t stop,” Leah says. “Unfortunately, they work so hard they forget to invest time in relationships and life in general.”
You’re a Dreamer, with big dreams for a successful financial future, but you’re reluctant to put in any hard work. You expect money to flow to you, but that’s not how finance works.
“It’s never too late to make smart financial choices, so if you’re feeling the pinch, speak to a financial counsellor or advisor, pronto!” Leah says.