What's Your Purse-onality

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What's Your Purse-onality

Before you can begin to develop good spending and saving habits, you need to know your financial purse-onality. Everyone has their moments of consumer weakness, but some are more controlled than others. Take this short quiz to see what kind of spender you are, and what tips might help keep your money in your wallet.

- Are you more likely to go on a spending spree and spend more than you should when:

a) You pass a sale sign

b) You wanted to cheer yourself up

c) You search for a reason to buy

- Have you recently

a) Gone shopping for something and come home with something completely different

b) Gone straight to the nearest Westfield after a bad day

c) Bought an item, then convinced yourself you needed to

- After you buy do you feel:

a) Worried about money

b) Guilty

c) OK because you tell yourself next month you’ll save your pay check

Mostly A’s: The impulse buyer

First impulse buyer’s rule: stop, take a breath, close your eyes and count to ten. Open your eyes and look at the item in front of you. Do you really need this? That’s the question that always needs to be asked. It doesn’t matter if it’s in relation to groceries, clothes or big ticket items. When spending your hard earned money it’s always good to plan your spending. That could be saving up for an item you need or desperately want, or as simple as making a list, and sticking to it. That way you can go home without that sick-to-your-stomach feeling of buyer’s remorse.

Mostly B’s: The emotional shopper

You shop to feel good, pick yourself up or brighten your day. But this needs to stop. Find other ways to enjoy yourself or boost your self-esteem that won’t be as detrimental to your wallet and the temptation to shop will subside. Once you break the habit it’s easier to resist buying that new dress because you think that, and only that, will make you look and feel good.

Mostly C’s: The Justifier

One of the most common types of shoppers (believe me, in my household full of women, I’ve seen them all), you are similar to the impulse buyer, but try to convince yourself and others that you do in fact need that new item even though deep down you know you’ll probably never wear/use. Take advice from the A’s and write lists, enforce your will power and say a resounding ‘NO’ to those Flashdance-esque leg warmers. And, most importantly, just because it’s on sale doesn’t mean you’re saving, 50% off is still 50% more than you needed to spend.

Comments

0 #2 Jojie C 2012-02-10 22:29

Same here, none of those questions applied to me

Quote

0 #1 Rosie Cornell 2012-02-09 19:02

you left out my answers - so I couldn't do it

I don't buy things I don't need - not sure if that's old age (I'm only 21 honest

) or depression but there you have it, I don't spend money on rubbish I don't need and as most of what's for sale is rubbish ...
As to fashion - have no fashion sense and the body is still not what I want so I tend to buy $5 bargain bin stuff as required. Shoes - fave shoes cost $9 and only bought them cos I needed them

Mind you, I have to find $300k to sue NAB for damages (as advised by Judge in Supreme Court) - guess that's enough to make frivolous shopping for things like brand name food too much of a luxury!