Money personality is important, but what is it? In the same way that people have different personalities, we also all have a different money personality. We all see and relate to money in different ways. But how do you know what your money personality is?
While you may have a sense for how your money personality is different than someone else’s, it’s easier to understand yourself by doing a personality test or personality profile. Perhaps the most well known personality test is the Myers-Briggs. As is typical of personality tests like Myers-Briggs, 16PF, DISC, etc., the user answers a number of questions. The answers then produce a score. That score can be interpreted as one’s personality profile. Some personality tests are very broad; others are specific to a certain topic like relationships, leadership, etc. Money Habitudes functions as a money personality test.
How we see and use money affects us in a variety of ways:
Understanding your money personality helps you more clearly understand these facets of your life.
Like the Myers-Briggs personality test, Money Habitudes uses a standard set of questions. People sort these questions according to whether each is:
For example, an actual Money Habitudes statement is: “Even if I can afford things that will make my life easier, I will not buy them.” As is true with most personality tests, there is no “right” or “wrong” answer. Where Money Habitudes is different from other personality tests is how it’s used. It is more active an engaging and feels less like a test.
Based on how you answer the questions, you get a money personality profile. Each of the statements is coded to one of six different money personality types. A personality assessment and evaluation step helps users interpret how they see and use money. A simple personality scale, people can have different combinations of the six different money personality types. Each type has a strength of 0 to 9.