A 2015 scientific study, based on the BBC Big Money Test—a survey of over 100,000 people—revealed that your psychological makeup plays a crucial role in your financial stability. Your mindset and relationship with money can shape your spending habits, savings strategy, and overall financial well-being.

Fast forward a decade, and with economic uncertainty and a persistent cost-of-living crisis, understanding your personal “money personality” has never been more valuable. Knowing how your financial habits are shaped can help you take control and create a more secure future.

The Psychology of Money: Why It Matters

While age, gender, salary, and life circumstances all influence our finances, one of the most intriguing findings from the study was the long-term impact of childhood experiences. The way we saw money handled in our early years—whether it caused stress, was spent freely, or was tightly controlled—can shape lifelong habits that may help or hinder our financial goals.

This concept, often referred to as “financial well-being,” is an ongoing balancing act. You might be great at saving but hesitant to spend, or perhaps you enjoy splurging but struggle to set aside money for the future. By recognizing these patterns, you can empower yourself to make smarter financial choices and build a future that aligns with your goals.

What’s Your Money Personality?

Understanding your financial tendencies can help you make better money decisions. So, which of these personality types sounds like you?

The Spender

You work hard and play hard, treating yourself to retail therapy or a well-earned getaway—and why not? But if you often feel the urge to splurge, it might be worth exploring the reasons behind it and considering alternative ways to reward yourself without breaking the bank.

The Sharer

Generosity is a wonderful trait—until it leaves you short. If you’re the type to always pick up the tab or help others financially, consider whether your giving nature is balanced. Could you be just as generous with your time or emotional support instead?

The Saver

Ah, the smug saver! If you’re disciplined about putting money aside regularly, give yourself a well-earned pat on the back. But could your saving be more purposeful? Setting a clear goal—whether it’s a home, an adventure, or early retirement—can make watching your savings grow even more rewarding.

The Savvy & Stable

You prefer to keep things steady and secure, and while global economics may be unpredictable, having a solid financial plan keeps you anchored. A stable, well-thought-out investment strategy can help you ride the waves of economic uncertainty with confidence.