What type of spender are you?

Many people reach the end of the month wondering why there is less money left than expected, and your spending personality may be the reason. In this episode, we break down common spending behaviors that can impact your financial stability, including the aspirational spender, fear-based spender, convenience spender, status-based spender, emotional spender, and social spender. We explore how each of these habits affects your finances and share practical strategies to manage and correct them. Tune in to learn how understanding your spending personality can lead to smarter financial decisions and healthier money habits.

[00:08:45] Identifying Your Spending Personality
[00:12:24] Aspirational Spenders and Future-Focused Spending
[00:17:38] Fear-Based Spenders and Financial Anxiety
[00:21:50] Convenience Spenders and Everyday Money Leaks
[00:25:33] Status-Based Spending and Lifestyle Creep
[00:29:03] Emotional Spending and Retail Therapy
[00:32:00] Social Spending, Generosity, and Financial Obligations

🎉 This episode is sponsored by Bona Fide Finance – Trusted financial advisors offering flat-fee, comprehensive planning to help you build wealth and financial security. Book a consultation at bonafidefinance.com/wealthmindedmd or email [email protected] and tell them we sent you.

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