{"id":3479,"date":"2020-05-11T08:30:19","date_gmt":"2020-05-11T06:30:19","guid":{"rendered":"http:\/\/contattoblogs.timslatter.co.za\/?p=3479"},"modified":"2020-05-11T08:30:19","modified_gmt":"2020-05-11T06:30:19","slug":"working-with-different-money-personalities","status":"publish","type":"post","link":"https:\/\/contattolive.co.za\/north\/working-with-different-money-personalities\/","title":{"rendered":"Working with different money personalities"},"content":{"rendered":"<p style=\"text-align: justify;\">As the 2020 global pandemic for COVID-19 becomes forever etched in our history, most of us will remember how the term \u2018lockdown\u2019 moved from a novelty to a serious psychological threat. At the point of writing this blog, it\u2019s not clear just how vast and integrated the knock-on effect of lockdown will be, but for most of us it\u2019s confronted us with conversations we\u2019ve never had to have before.<\/p>\n<p style=\"text-align: justify;\">Being confined indoors, or a specific area for an extended period of time brings out the deeper facets of our personalities and stress coping skills. Several years ago an <a href=\"http:\/\/mayaonmoney.co.za\/2017\/04\/love-money-cinderella-complex\/\" target=\"_blank\" rel=\"noopener noreferrer\">article by Maya on Money<\/a> spoke to money personalities &#8211; and whilst this has perhaps been overlooked or avoided by many, lockdown will most certainly be a catalyst for addressing it now!<\/p>\n<p style=\"text-align: justify;\">Money has been cited as the biggest reason for divorce, and differing attitudes towards money in any relationship can cause friction. So let\u2019s take a look at some basic \u2018money personalities\u2019 and you can decide with which you most identify.<\/p>\n<p style=\"text-align: justify;\">This may not only help you manage your relationships in both trying or triumphant times, but also how to go about managing your wealth creation as a couple, family or shared living arrangement.<\/p>\n<p style=\"text-align: justify;\"><strong>1. The Spendthrift<\/strong><br \/>\nA spendthrift tends to be extravagant and spontaneous with regards to money matters. However, sometimes they can be irresponsible and need protection from making financial mistakes and getting into debt that they can\u2019t afford.<\/p>\n<p style=\"text-align: justify;\"><strong>2. The Saver<\/strong><br \/>\nSomeone who saves may have quite modest tastes and needs, and long-term they may well reap the rewards of their cautious approach. However, their financial prudence and love for budgeting could be a turn-off for someone who is not that way inclined.<\/p>\n<p style=\"text-align: justify;\"><strong>3. The Cinderella<\/strong><br \/>\nMaya Fisher-French refers to the \u2018Cinderella Complex\u2019 in her article when she considers a woman\u2019s unconscious (or conscious) desire to be cared for. Some people are simply looking for a partner who can spoil them, which Fisher-French refers to as a Blesser.<\/p>\n<p style=\"text-align: justify;\"><strong>4. The Financially Independent<\/strong><br \/>\nOther people make it their main focus to become financially independent so that they can manage their money and responsibilities on their own. They pride themselves on working hard to become financially organised and not needing to rely on anyone else. This type of person may fret about being pulled down by someone who is less financially astute.<\/p>\n<p style=\"text-align: justify;\"><strong>5. The Power Hungry<\/strong><br \/>\nPower plays can arise if someone uses money to wield power over others. The adage, \u201che who holds the gold, makes the rules,\u201d may be true in some relationships &#8211; especially if there is a big difference in earnings. Money can create a shift in power that can be easily abused if all parties are not careful.<\/p>\n<p style=\"text-align: justify;\">Rules should be agreed on by all who rely on each other. Different money personalities can be compatible if a balance is achieved; everyone needs to recognise the strengths they are bringing to the relationship.<\/p>\n<p style=\"text-align: justify;\">For example, a Saver can help a Spendthrift to avoid some financial miscalculations, while a Spendthrift can teach a Saver to loosen up and enjoy splashing a bit of cash sometimes.<\/p>\n<p style=\"text-align: justify;\">Likewise, someone who enjoys spending money on their family could be compatible with those who enjoy having money spent on them.<\/p>\n<p style=\"text-align: justify;\">If there has been a major change (loss of income or work for any of the income earners in the home) it can be enormously stressful if we don\u2019t have the words and tools to have better conversations about earning, saving and spending the household money.<\/p>\n<p style=\"text-align: justify;\">It\u2019s powerful to know what type of money personality you are and to find synergy in your relationships. It\u2019s not necessarily a question of having the same attitude and approach to money issues, but rather finding compatibility and compromise.<\/p>\n","protected":false},"excerpt":{"rendered":"<p>As the 2020 global pandemic for COVID-19 becomes forever etched in our history, most of us will remember how the term \u2018lockdown\u2019 moved from a novelty to a serious psychological threat. At the point of writing this blog, it\u2019s not clear just how vast and integrated the knock-on effect of lockdown will be, but for most of us it\u2019s confronted us with conversations we\u2019ve never had to have before. Being confined indoors, or a specific area [&hellip;]<\/p>\n","protected":false},"author":1,"featured_media":3482,"comment_status":"closed","ping_status":"open","sticky":false,"template":"","format":"standard","meta":{"footnotes":""},"categories":[12,26],"tags":[],"class_list":["post-3479","post","type-post","status-publish","format-standard","has-post-thumbnail","hentry","category-blog","category-life"],"yoast_head":"<!-- This site is optimized with the Yoast SEO plugin v27.5 - https:\/\/yoast.com\/product\/yoast-seo-wordpress\/ -->\n<title>Working with different money personalities - Contatto North<\/title>\n<meta name=\"robots\" content=\"index, follow, max-snippet:-1, max-image-preview:large, max-video-preview:-1\" \/>\n<link rel=\"canonical\" href=\"https:\/\/contattolive.co.za\/north\/working-with-different-money-personalities\/\" \/>\n<meta property=\"og:locale\" content=\"en_US\" \/>\n<meta property=\"og:type\" content=\"article\" \/>\n<meta property=\"og:title\" content=\"Working with different money personalities - Contatto North\" \/>\n<meta property=\"og:description\" content=\"As the 2020 global pandemic for COVID-19 becomes forever etched in our history, most of us will remember how the term \u2018lockdown\u2019 moved from a novelty to a serious psychological threat. 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Being confined indoors, or a specific area [&hellip;]\" \/>\n<meta property=\"og:url\" content=\"https:\/\/contattolive.co.za\/north\/working-with-different-money-personalities\/\" \/>\n<meta property=\"og:site_name\" content=\"Contatto North\" \/>\n<meta property=\"article:published_time\" content=\"2020-05-11T06:30:19+00:00\" \/>\n<meta property=\"og:image\" content=\"https:\/\/contattolive.co.za\/north\/wp-content\/uploads\/2020\/05\/Working-with-different-money-personalities.jpg\" \/>\n\t<meta property=\"og:image:width\" content=\"770\" \/>\n\t<meta property=\"og:image:height\" content=\"280\" \/>\n\t<meta property=\"og:image:type\" content=\"image\/jpeg\" \/>\n<meta name=\"author\" content=\"anthonyb@timslatter.com\" \/>\n<meta name=\"twitter:card\" content=\"summary_large_image\" \/>\n<meta name=\"twitter:label1\" content=\"Written by\" \/>\n\t<meta name=\"twitter:data1\" content=\"anthonyb@timslatter.com\" \/>\n\t<meta name=\"twitter:label2\" content=\"Est. reading time\" \/>\n\t<meta name=\"twitter:data2\" content=\"3 minutes\" \/>\n<script type=\"application\/ld+json\" class=\"yoast-schema-graph\">{\"@context\":\"https:\\\/\\\/schema.org\",\"@graph\":[{\"@type\":\"Article\",\"@id\":\"https:\\\/\\\/contattolive.co.za\\\/north\\\/working-with-different-money-personalities\\\/#article\",\"isPartOf\":{\"@id\":\"https:\\\/\\\/contattolive.co.za\\\/north\\\/working-with-different-money-personalities\\\/\"},\"author\":{\"name\":\"anthonyb@timslatter.com\",\"@id\":\"https:\\\/\\\/contattolive.co.za\\\/north\\\/#\\\/schema\\\/person\\\/6b55c4b0a6054f79a0f61aa82405b972\"},\"headline\":\"Working with different money personalities\",\"datePublished\":\"2020-05-11T06:30:19+00:00\",\"mainEntityOfPage\":{\"@id\":\"https:\\\/\\\/contattolive.co.za\\\/north\\\/working-with-different-money-personalities\\\/\"},\"wordCount\":633,\"image\":{\"@id\":\"https:\\\/\\\/contattolive.co.za\\\/north\\\/working-with-different-money-personalities\\\/#primaryimage\"},\"thumbnailUrl\":\"https:\\\/\\\/contattolive.co.za\\\/north\\\/wp-content\\\/uploads\\\/2020\\\/05\\\/Working-with-different-money-personalities.jpg\",\"articleSection\":[\"Blog\",\"LIFE\"],\"inLanguage\":\"en-ZA\"},{\"@type\":\"WebPage\",\"@id\":\"https:\\\/\\\/contattolive.co.za\\\/north\\\/working-with-different-money-personalities\\\/\",\"url\":\"https:\\\/\\\/contattolive.co.za\\\/north\\\/working-with-different-money-personalities\\\/\",\"name\":\"Working with different money personalities - 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