"What's Your Financial Personality Type?" Take the New Assessment Test from GoBankingRates.com

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Leading personal finance site http://www.GoBankingRates.com uses input from financial and psychological experts to develop a financial personality test.

Financial Personality Assessment

Financial Personality Assessment

My hope is that by creating a finance-focused personality assessment, we can begin a conversation about the importance of understanding how personal characteristics and preferences affect our day-to-day finances in a major way.

In order to help readers gain insight into their persona when it comes to saving money and money management, personal finance site GoBankingRates.com developed a new financial personality test, "What's Your Financial Personality Type?"

“We as human beings love to analyze ourselves and figure out why it is we do the things we do,” explains Casey Bond, managing editor for GoBankingRates.com. “I recently took a personality test online and was intrigued by the results, which then led me to create our own financial personality assessment and help others identify their money management styles.”

In order to develop the financial personality test, Bond reached out to experts in finance and behavioral psychology to identify the four prevailing personality “dichotomies,” and the characteristics associated with each.

Financial personality types are divided into four dichotomies, each represented by a letter:

  •          Debtor (D) / Saver (S)
  •          Aggressive (A) / Conservative (C)
  •          Planning (P) / Impulsive (I)
  •          Giving (G) / Hoarder (H)

For instance, Xavier Epps, Financial Adviser and Owner of XNE Financial Advising, LLC, told GoBankingRates.com that Planning financial personality types seek out the opportunity to save money and take strategic steps to do so within their household budget. “Many Planners are great at looking at the future and seeing what needs to be done today to get where they want to be at financially tomorrow,” says Epps.

On the other side of that dichotomy, Epps states that Impulsive types often engage deep thinking about how they would like their financial lifestyle to be, but usually lack “the strategic thinking needed to have a financial lifestyle that’s well-balanced.”

GoBankingRates.com readers are encouraged to take test and discover their own financial personality “type.”

“My hope is that by creating a finance-focused personality assessment, we can begin a conversation about the importance of understanding how personal characteristics and preferences affect our day-to-day finances in a major way,” says Bond.

Take the financial personality assessment here.
For questions about this test or to speak with Casey Bond, please use the contact information below.

About GoBankingRates.com

GoBankingRates.com is a national website dedicated to connecting readers with the best interest rates on financial services nationwide, as well as informative personal finance content, news and tools. GoBankingRates.com collects interest rate information from more than 4,000 U.S. banks and credit unions, making it the only online rates aggregator with the ability to provide the most comprehensive and authentic local interest rate information.

Contact:

Jaime Catmull, Director of Public Relations
GoBankingRates.com
JaimeC(@)GoBankingRates(dot)com
310.297.9233 x261

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Jaime Catmull
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