Which type of saver are you?

Everyone has a different outlook when it comes to money. This might be shaped by your parents’ attitudes, your own past experiences, or perhaps your own lack of past experiences. But whatever the reasons are, and whatever your view, properly addressing your finances is something everyone needs to do. So, whether it’s gleefully tackled head on or put to the bottom of the to-do list, at some point we all need to take some action.

Saving money is an important part of personal finance. Whether you have long or short term goals, putting money aside for the future is vital. Taking a little longer to save up for a new car might not seem the worse thing, but if it was your retirement pot instead, the consequences might be different.

Everyone will approach investing in their own way – see which of the below you most resemble.

Five financial attitudes – which type of saver are you?

The financial guru – share graphs, P/E ratios, you love it all. Investing your nest egg is a job and a hobby all in one; it’s something you enjoy immersing yourself in. You know the names of all the fund managers and the FT is your go-to paper. Perhaps you’ve always been interested in finance or your need to start investing prompted it, but either way you know the benefits that investing can bring and you’re ready to try and maximise them.

The overwhelmed – finances have never interested you, and why should they? It’s all too complicated and there are so many better things to be thinking about. You’ll probably make the wrong choice anyway and end up losing money. You appreciate the need to save money but are happy to settle for the easy option when it comes to doing something. Something is better than nothing, right?

The procrastinator – waiting until next year won’t make that much difference. You’ve got other, more important, things to be dealing with now anyway. Each year you think of another excuse and don’t do anything again. You don’t know where to start and it all seems like too much hassle. Maybe it’ll seem easier next year…

The tech savvy saver – you’ve done your homework and you know the interest rates on offer at every high street bank. If someone comes out with a new market leading rate, you’re first to know. Every investment platform has been analysed with a fine toothcomb and you’ve been through every online message board. Investing your money is something you’re happy to spend some time organising – you want to make sure you’re getting the best deal and the best service for your money.

The pragmatist – investing is something that needs to be done, so you get on and do it. Check it off the to-do list and move on. By all means, you want to do it properly – you care about your money and want to do the best you can with it. With neither an active interest nor a hatred of financial matters, you look at investing in the same way as car insurance or a weekly food shop. It’s just one of those things that needs to be done.


Maybe one of the above fits you perfectly, or maybe you’re a combination of a few, but if you need to sort out your finances, why not start now? Investing doesn’t have to be complicated or overwhelming, it should be straight forward and easy to do – regardless of the type of saver you are.


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Any news and/or views expressed within this article are intended as general information only and should not be viewed as a form of personal recommendation. This article is not directed to, or intended for distribution or use in, any jurisdiction where such distribution would be prohibited. To the extent permitted by law, Wealth Horizon accepts no duty of care or liability for loss occasioned to any person acting or refraining from acting as a result of any material contained within this article. Where past performance is shown, this should not be taken as a guide to future returns. Investment in the stock market is not a suitable place for short term money. The value of investments and associated income may go down as well as up and you may not get back the full amount invested.

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