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Your Money Personality: Spender
Updated: November 02, 2020 |
Taylor Kovar, CFP

Money Personality: Spender

Every person has a distinct way of thinking about and dealing with money, your Money Personality. Unfortunately, money causes tension in almost every marriage, especially over time. Probably because a day doesn’t go by without a decision to be made about money – home-brewed coffee or a latte on-the-go, lunch out or brown bag, new shoes, or money for college. Your Money Personality impacts almost every decision you make.  In a relationship, differing Money Personalities can be the difference between being on the same page about money matters and having it be a constant source of conflict.  There are 5 Money Personalities™: Saver, Spender, Risk Taker, Security Seeker, and Flyer, and each person has a Primary and Secondary Money Personality.

Take our FREE scientific & confidential online Money Personality Assessment, and then hand the mouse to your spouse to find out theirs. Most of us assume our spouse thinks about money the way we do, but often opposites attract. But don’t despair, the more you learn about your Money Personalities, the sooner you’ll see eye-to-eye on your day-to-day spending.

Are you a Spender?  Is your spouse a Spender?

Spenders are carefree with their money.  Spenders don’t care how much they spend or who they spend on.  They aren’t necessarily rich, spenders just like spending.

You’re a Spender if you:

  • spender_600pxLive in the moment.  Spenders are focused on what’s happening right now and they are willing to spend money to make life a blast. They might have less money down the road, but for the Spender, it’s all about making great memories today.
  • Love to buy things for other people. Spenders get a lot of joy out of giving gifts, helping out, and treating other people.
  • Get a thrill from the purchase. It doesn’t matter if you’re shopping at Saks or at the Salvation Army thrift store. The price doesn’t matter. It’s the fun of buying that count.

Every Money Personality has some challenges.

If you’re a Spender, be aware that you can be:

  • Impractical. Spenders are often impulse-buyers. A Spender walks into a store without lists, without limits. No research to find a good deal, definitely no waiting for a sale. If they want something, they get it – and Spenders don’t differentiate between wants and needs.
  • Non-communicative.  All that impractical impulse buying means that Spenders don’t think – much less talk – through purchases with their partners. This lack of communication can come across as secretive and sneaky to the Spender’s partner.
  • Filled with regret. They’re thrilled that the vacation or the holiday was fantastic, but as the bills roll in they regret getting carried away.
  • A budget breaker. A Spender can put together a mean budget and he can have great intentions of sticking to it, but Spenders rarely do. That can lead them – and their unwitting partners – into serious, life-altering debt. Spenders might even feel bad about overspending, but they have a hard time stopping themselves. This can be terribly frustrating to the Spender’s spouse.

A Spender can be a great partner because they will never let finances get in the way of truly living life to its fullest. The challenge for the Spender is to respect the money expectations of their partner, particularly if that person is a Saver.

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Spender Tip: Next time you go shopping, try using an app like Honey to find discounts and coupons that will help you SPEND more effectively!


What’s your 5 Money Personalities Combination? Let us know in the comments!

Taylor & Megan

Money Huddle Tip: If one of you is a Spender, take some time to talk about the impact this Money Personality has on your relationship.  What are the strengths the Spender brings?  What are some of the challenges?

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