The Saving Spender has characteristics of both a spender and a saver. The Saving Spender goes through cycles of spending and saving. Periods of saving usually follow spending laden with guilt, and a commitment is made to refocus efforts to save. Similarly, periods of spending follow bouts of saving because the desire to spend has been pacified for too long.
All of us have tendencies to be both a saver and a spender during our lives. The distinguishing factor of the Saving Spender is that periods of saving and spending are cyclical and go from one end of the spectrum to the other with little in between.
Three Tips To Deal With Spending As A Saving Spender
1. Pay Bills First
Unfortunately we can’t choose when to pay bills, no matter which money cycle you are in. Don’t leave bill paying to chance and timing, and pay them first. Even better would be allowing automatic withdrawal of all bills from your paycheck
2. Make It Automatic
You trouble with the Saving-Spending Cycle is never knowing when you will be in which of the phases. Instead of relying on timing the money cycle, use money automation to send money into Checking and Savings to fund each equally
3. Document Your Cycles
If you are truly a Saving Spender your cycles of saving and spending will be recurring- so it would be beneficial to map out when your cycles start and end.
The Six Spending Types
The spending habits that I found in my own spending were universal to individuals that struggle with overspending. Through my research I have identified six main Spending Types that account for most of our overspending. Read more about the remaining Spending Types.
Want To Learn How To Deal With Overspending?
Frustrated about overspending? You just need to budget, right? WRONG! Going over budget is not a budget issue—it’s a spending issue. To deal with overspending, you need to deal with the spending habits behind your spending.
Now that you have found your Spending Type, you need to learn how to use that knowledge to curb your spending. Here are your first steps:
- Join the Money Makeunder Community to learn HOW to curb your spending
- Download Your FREE PDF!
- If you have already taken the quiz, check your email for your PDF
- If you haven’t taken the quiz to discover your Spending Type, take the Spending Type Quiz!
- If you want more information The Spending Types and how to stop overspending, subscribe to the email list or join the Money Makeunder Community!
