Types of people saving money – Payday Loans

Surely you have more than one personality test behind you. Do you already know if you are cholera, sanguine, phlegmatic or melancholic. What do you think about getting to know your financial personality as well? Recognizing it is very important if we want to skillfully manage our budget, as well as properly start and carry out the saving process. Determining your attitude to money is the next stage that we should go through to achieve financial harmony. Find out what types of people are saving money and which ones you are! Ready for a diagnosis?

Pre-programmed children

Pre-programmed children

At the beginning we have to realize that money is not only of economic but also of social value. The decisions we make in relation to them affect several areas: personal life, relationships with friends, but also with ourselves, our goals and motivations. Even the field of science called behavioral economics deals with these issues. Many of us define ourselves and others precisely through the contents of the portfolio. For some, finances are a tool for achieving success, others treat them only as a measure of the value of a given product. What are you like? Do you prefer to save or invest the accumulated capital? The answer to this question has its source in our childhood. It was then that our parents taught us respect for money and how to save.

We emphasize once again that the child learns through observation, so developing proper habits in it requires parents to be a role model. So they program certain patterns of behavior in us, and we, in the future, are to blame for our poor financial situation, we cannot blame others, but only ourselves – that’s how we were brought up. Children take home patterns of behavior that determine their future life choices, including financial ones. And it is not about blind imitation of mother or father, but rather about the way in which they treated money. This is where, for example, the inheritance of poverty occurs. When entering the adult world, we must decide whether we accept it or want to do the opposite. Our character will also help us in choosing the right path. It is important for us to be aware that even if we were taught to save money regularly, but we lack the mental predisposition for this, we will not achieve the assumed goal.

Ways to save

Ways to save

Systematic saving is not reserved for high-income people. Indeed – then it is much easier to put down larger amounts, but this does not mean that lower earnings exclude putting away money. In such a situation, the small steps method will work – we’ll get a really nice sum over time. The secret lies in skilful goal setting. It should be real, so one that we can save on without overburdening the household budget. The real goal for each of us means something different, because we have different priorities. This is the effect of our financial personalities. Getting to know yourself and your own mechanisms of action is the first step to start spending money in a reasonable way, but also to save and invest it. To improve your finances, let’s start by diagnosing the mistakes we make when managing funds.

Types of financial personality according to Fromm

Types of financial personality according to Fromm

When we want to describe a person’s attitude to money, we most often say that it is economical or wasteful, scanty or generous. The professional terminology developed by Fromm looks a little different. Let’s see what concepts it applies to.

Fromm, dividing into 4 types of financial personality, focused on the character traits of the respondents, which translate into their attitude to money. At first he asked when they were focused on “possessing” or “being”. As a result, among the “owners” he pointed out the existence of such types as:

  1. Receptive type – a man who prefers to take than give – not only money, but also feelings, care, ideas. Has problems with independence, cannot earn a living.
  2. The exploitative type – the type that shows initiative. He takes what he needs from others, without hesitating to use threats.
  3. Collecting type – the sense of security depends on the amount of money put aside and the knowledge gained. He gets attached to them and to people – especially those who love him.
  4. Mercantile type – a born seller of himself – his knowledge, skills, competences, as well as physical attractiveness and financial status. He always hopes to get the best price.

People who, instead of a consumerist approach to life, prefer to “be”, and thus enjoy the simplest activities and coexist with other people, belong to the productive type. Common good is the priority for such people. In addition to taking, they can also give and create.

Attitude to money and types of financial personality

For many, Fromm’s classification may prove harmful, as it suggests that the greater part of society is materialists and careerists. To prove that this is not the case, other financial personality classifications were also created, with much more accessible names. Check which group you belong to.


The life of the strategist and his financial situation is an example of stability and order. It realizes its goals step by step and according to plan. This allows him to control the course of events, which is why such a person rarely surprises something. We can be sure that even if the bank where he kept his money went bankrupt, he has savings that will allow him to deal with the problem. He saves and invests, he also has systematized knowledge about the situation on the financial market.


He is a specialist in crisis management. He values ​​stability and financial security, but he often risks, which is why he is forced to bear the consequences of his hasty decisions. The capitalist believes that the amount of his salary is responsible for life balance, so he works hard for it. He is helped by the awareness that thanks to him he will be able to systematically save money.


Calling someone a penny only during the saving process bears a compliment, but it must be admitted that such people easily achieve their goal. They love to accumulate money, especially if they have no financial obligations, e.g. credit. On the one hand, they are lucky, on the other, people who sometimes give up small pleasures unnecessarily. In this group you can also meet people translating the good of the family over their own.

King of life

It’s actually difficult to decide whether to envy such people or to shake their heads in disbelief. On the one hand, they enjoy every day and enjoy life, not counting on money, but on the other, they often lack them. And hence the easy way to loans and credits. Among Hypocredit, Cogge and other companies offering payday loans, such kings of life undoubtedly constitute the largest percentage.

Types of people saving money – summary

The above types of financial personality have both pros and cons, so do not be discouraged – saving money is an art that anyone can do. Before we decide to start such a process, let’s try to make a diagnosis and assess what type we are. This will allow us to adapt the saving method to our character traits, which will increase our chances of success. In this case, success is a stable financial situation and the possibility of systematic saving.