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What's Your Money Style... Page 2

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4. Does overspending make you feel more successful?

5. Do you believe that people who say that money can't buy happiness just don't know where to shop?

The Money Hoarder

The Money Hoarder is in love- with her money. Her hobby is saving money, and she loves to see her bank account grow. She keeps her money safe in the bank, never considering what that old pickpocket Inflation is stealing from her each day. She appears very successful, but she sometimes worries that she may outlive her money and end up a Bag Lady. Here's how to tell if you are a Money Hoarder.

1. Do you think about money constantly?

2. Instead of spending, do you feel most comfortable saving every penny?

3. Is money closely intertwined with your sense of achievement?

4. Do you feel guilty about spending money for necessities such as a new pair of shoes for yourself?.

5. Is your idea of a great vacation staying at home and counting the money you saved by not going anywhere?

None of these styles is wrong, unless taken to excess. The style then becomes exaggerated, producing an unhealthy approach to money.

Here's how a healthy approach to money makes you feel:

1. You feel in control of money rather than being controlled by it.

2. You are aware of what money means to you and how you use it.

3. You use money in positive ways to enhance your life.

4. Money is a reward for accomplishment, not an end in itself.

5. You can use money spontaneously on occasion without feeling guilty.

7. Money is a source of pleasure as well as providing for necessities.

8. You realize that money can't solve all your problems. You adhere to your basic moral standards when dealing with money.

Be aware of your own money style so you can take steps to keep a positive perspective. Financial goal-setting is the key to controlling your money style and keeping it healthy.

The Women's Institute for Financial Education (WIFE) is a non-profit organization which provides financial education, networking opportunities, seminars, and workshops for women of all ages.