Think about your money personality. Do you tend to spend or save? Does your propensity to spend or save change depending on how much money you have or do not have? In one paragraph, explain your money personality using examples of factors that have influenced your propensity to spend and save. Additionally, explain how you plan to improve your consumption habits to increase your savings and decrease unnecessary spending.

Personally i have a habit of spending money rather then saving. The main reason for this is because many stores have my email so everytime i see a sale going on i feel like it would be dumb not to shop. I have realized this and i think a good plan would be say i got paid $287.00 one week, i woud save the $200 and try my best to live off of the $87 i have left.

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bratislava bratislava · Answer 2 · 2022-02-04T14:05:32+01:00

The money personality are those related to use of money and they fall into the two dimensions and include the present vs the future, willing needs to take risks, thus PERS.

What are factors that influences the money personality ?

On their basis we can identify four different types of people or personalities as

The factors that are influenced by the money personality are related to the work P that is Pleasure, E that is Entrepreneurial, R that is Recognition, and S which is Security. As everybody has elements of all money personality types.

The plan to improve the habits of this personality can increase the savings and decrease unnecessary spending. By optimal use, of money and keeping it for emergency use.

Find out more information about the money personality.

brainly.com/question/24530693.