You might not think that your personality affects your spending habits, but it has actually been shown through various studies that people with different personality types spend their money in different ways. Here we will take a look at what you can do if your personality is negatively impacting on your spending habits and causing you to experience financial difficulty.
If you have an impulsive personality, this can clearly cause problems for your finances. If you can’t resist the urge to go shopping every time you get paid, you’ll probably find yourself getting into a dangerous financial situation. In this case, you’ll need to work hard to over-ride your urges and learn to manage your budget better. Try shopping at cheaper stores, and ask yourself if you really need an item before buying.
There is also a group of people which are known as emotional spenders. These people tend to be the ones who always pay for a meal or drinks on a night out, or are always buying gifts for others. They often feel undeserving or lack confidence, so see spending money on others as a way to remedy this. This can quickly become a vicious cycle, as each spend offers a temporary high, which quickly wears off leading the shopper to spend more soon after.
If you are struggling with managing your finances, you might like to consider using the services of a financial advisor. However, if this will cost too much you can download an app to your mobile to help you out. This requires a little bit of willpower but can be really helpful. You could also get together with friends in a similar situation and work together to reach your financial goals. Be sure to be honest with each other and you should quickly start seeing results.
If you are experiencing difficulty keeping up with bills and payments as a result of your personality, you might like to consider taking out an online loan. http://financeme.fi is a great website to compare different loan providers to find the right deal for your situation. You should take care when using an online loan, as a few have very high rates of interest, which can become a problem if you have difficulty keeping up with your finances. They can be useful for consolidating your debts into one – ideal for when you owe on several credit cards with high interest rates.