What kind of expense are you?

Do you know what your financial behavior is, what kind of expense is you? Now you can simply discover what are the characteristics that define you from this point of view, but also because practical suggestions can be taken into consideration to correct a possible harmful financial behavior.

Psychologists are generally two types of classifications for people’s financial behavior. One of these classifications is made in 4 large categories, in which people of all ages and of all social classes can be found: the economy, the rapporteur, the avoidant and the monk.

The second classification offers different categories of financial behaviors, which differentiate people and in terms of age or social class to which they belong: hipster, online buyer, which offers hunter and exclusive buyer.

In this article you will discover not only what kind of Spender you are, but what are the factors that can influence you and what are the solutions you are looking for.

What kind of expense are you? The first classification.

Nowadays, it is difficult to see advertisements. Whether we are talking about television spotlights, radio commercials, road posters, flyers, advertising on social media and so on, it is practically impossible to avoid a brand that talks about its products or services.

Even if you install to Blocker to scroll in silence on Facebook or Instagram, you will still hear from your friends or relatives on a new product, on a brand that has arrived for the first time on the Romanian market and many others. In our society, consumerism is high to the degree of art and brands are trying to make the most of this.

This situation has advantages and disadvantages. The advantages include the fact that you are always updated with what appears new and you can have access to a good you need, that you can find information to one click and that you have many other options for the same good ones. The disadvantages include the fact that it can be harmful to your budget if you fall in prey to the temptation, more or more often than you want.

Fortunately, you can make certain habits to reduce or even stop harmful behaviors for your budget, that’s how!

Types of spectal

economy

In Enghilging «The Saver» – it is what money represents security. The person with this type of financial behavior will fear that he will lose this security, which is why he will prefer to save instead of using his money for expensive pleasures. In addition, this person will always be cautious with expenses.

The economy will be difficult to involve in investments with at least an average risk, although they can increase its agony. The solution are small steps for investments, even with high volatility, to relax the distrust, especially when the quantity on the account can be increased.

The speaker

The opposite behavior of the economy is the spent. He will buy everything he wants, even if he does not allow you to reward.

The disadvantage of the spes is that it can be buried in the debts and to avoid it it is advisable to follow their expenses carefully. Then offer a budget, for a period of time, which does not exceed.
If you are in this category, you can open a savings account from which you cannot withdraw the money to limit excessive expenses. And in this way you will also have the opportunity to save for the future.

Avoid

To avoid that money is a source of stress, he does not want to think about it or make financial plans for the future. Therefore, the risks that this behavior has are those that the avoidant never has total control over its money.

If you are in this category, it is much simpler than you think you can manage finances. All you need to do is have a clear list of your recurring expenses and save a monthly amount.

monk

Financial monk is a behavior that avoids money at any cost. By obtaining that it does not represent morality, the monk will try to escape money in any way, through donations or gifts.

Whether we like it or not, money is the means with which we can build a house, we can enrich ourselves spiritually through the trip and so on. Therefore, if you are in this category we recommend that you stop avoiding money, but to learn to manage them. And so you will be able to help your loved ones even more!

Types of spent. The second classification.

The second category of types of expenditure is the one that divides people into different segments, being influenced by age, by the social category and so on.

These segmentations actually represent several lifestyles, which are influencing finances. The behaviors we have as individuals are directly related to the financial style, the type of buyer and to the company changes, which is why some of the categories of expenses that we will present did not exist 10 years ago. These can be changed on the basis of the evolution of society, trends and so on.

Hipsterul

This type of spent has recently been observed and generally includes young people. Hipster is influenced by trends, so it will tend to spend the budget on the Vogue brands, but will choose to be different with all other purchases. For example, it will buy used or vintage clothes. It will also prefer ecological transport.
Although it does not seem to encounter financial difficulties, hipster could lose money during shopping for your favorite brands. The budget can be saved excluding the purchase of goods to the pre -order, but also by reducing gadgets that are not strictly necessary.

The buyer online

This category is mainly the millennial generation, which has grown with technology and has no time for online shopping. In general, we find here people who work in societies, but not only.
For the online buyer it can be extremely easy to fall into the over-cecingunding trap, because there is no palpable transaction immediately. Therefore, the budget can be seriously influenced by non -essential purchases.
Even if the internet abounds in advertising, if you are part of this category, we advise you to call Adblockers to limit your temptation. You can also impose a limit on your commercial card so as not to spend more money than you really need.

Hunter’s offer

Technology and easy Internet access allow everyone to compare the prices of various shops, to look for offers, discounts, good and so on. Now it’s easier for you to find the article you want at a better price.

Hunter’s offer is not old and is found in all social categories. However, even if it may seem cheap, the offer can be found in the situation in which he purchased assets excessively only because they were reduced.
The recommendation for this type of expenditure is the shopping setting, to avoid excess. Furthermore, not all offers are what they seem to be, so we recommend the previous verification of the conditions, the opinions of other buyers and reviews.

The exclusive buyer

In this category of financial behavior there are people who do not believe in offers. Regardless of age and even the social category, this exclusive buyer believes that the price is the determining factor of quality and a high price is imperative for an asset that will last over time.

Although a good quality has a higher price, the exclusive buyer tends to buy goods or services at exorbitant and often unjustified prices. And this is because not only the price is a quality indicator.

The recommendation for this type of financial behavior is the limitation of exclusive expenses only in goods that will be used for several years, such as cars, accommodation, accessories such as watches or jewels. Living goods in the short term, such as home or even food products, can be purchased at lower prices, without making a quality discount.