What’s Your Financial Personality?

Understanding your financial personality can help you make better money decisions. Here are four common types and some tips for each:


You’re excited about managing your finances and likely a long-term thinker and planner. You prefer traditional strategies like having a retirement savings plan and planning future investments. However, you might struggle with seeking a second opinion, moving too quickly, or overanalyzing options.

Questions to ask yourself:
1. Do I regularly review and update my financial plans?
2. How comfortable am I making investment decisions on my own?
3. Do I have a detailed retirement savings plan?
4. How often do I seek advice on financial decisions?


You’re a careful planner who does thorough research, often taking your time to make well-informed decisions. Flexible and adaptable, you focus on short-term goals rather than long-term ones like retirement. As a strategist, you might miss opportunities by over-evaluating options. Creating timelines or automating finances can help.

Questions to ask yourself:
1. How often do I adjust my budget based on changing situations?
2. Am I more focused on immediate needs than long-term goals?
3. Am I comfortable researching before making financial decisions?
4. How frequently do I automate my savings?


You’re future-oriented, charitable, and make financial decisions based on your values. You prioritize donating to charities but may neglect your own daily finances. Consider working with a financial advisor to stay on top of your finances.

Questions to ask yourself:
1. How often do I prioritize charitable donations in my financial planning?
2. Do my financial goals align with my values?
3. Am I proactive about supporting causes that matter to me?
4. How regularly do I review my daily finances?


You have a relaxed approach to money, prioritizing living your life and intuition over strict budgeting. You keep an eye on your money but may not be up-to-date. Financial planners and advisors can help. It’s important to stay informed and set future goals. Budgeting apps for beginners can make this easier.

Questions to ask yourself:
1. How comfortable am I without a strict budget?
2. Do I rely more on intuition than planning?
3. How often do I review my overall financial status?
4. Am I open to using budgeting apps to track my finances?

Image Credits: unsplash.com


If you find these categories complex, consider these simplified types by Dean Deutz, a private wealth consultant at RBC Wealth Management:

A. Savers: Prioritize saving now to enjoy financial security later, often paying off debts like mortgages early. They should balance caution with potential high-return investments, seeking diversified portfolios that align with their long-term goals.

B. Spenders: Enjoy their money presently, often borrowing and saving less. Spenders benefit from reducing discretionary spending to increase savings and build emergency funds for future financial stability.

C. Sharers: Enjoy sharing money with family, friends, charities, or their community. They should manage their generosity wisely, setting clear boundaries and budgets to sustain their giving while ensuring their own financial health.

Understanding your financial personality can clarify your decisions, reveal patterns in your financial habits, and highlight areas for improvement to achieve greater financial well-being over time.

Sources: 1 & 2


From 15 – 21 Apr, enjoy $4 off your GrabShare rides with the latest promo code!

Rejoice throughout the week!

Get $4 off your rides when you book with GrabShare.

Here’s another reason to rejoice! From 15 – 21 Apr, enjoy $4 off when you book a GrabShare and pay via GrabPay (credit/debit card). Valid from 9am-12midnight only.

Promo code: SAVER

Ride fares are up to 30 per cent lower than a regular GrabCar. So there’s no better time to share!

Share this promo code with someone you care and let them save on their rides!

That’s not all..

More GrabShare passengers means fewer cars in a jam. So with enough people on board, it’ll hopefully reduce traffic congestion and result in faster trips. Saving the Earth and saving time – you can’t put a price on that!

How does GrabShare work?

GrabShare is a unique carpooling service where you only share rides with people heading in the same direction. We guarantee that there are no unnecessary detours.

How to redeem:

      1. Download the Grab app from the App Store or Google Play and register an account.
      2. On the booking screen, select your pick-up and drop-off points.
      3. Choose GrabShare.
      4. Select ‘GrabPay’ as your payment method.
      5. Enter the promo code SAVER.
      6. Tap ‘Book’ and enjoy $4 off your final fare.

Terms and Conditions:

      • Valid for GrabShare rides only.
      • Promotion period is valid from 15 – 21 April 2017 (9am – 12midnight daily).
      • Valid for payments via GrabPay (credit/debit card) only.
      • Valid for 2 redemptions per Grab account per day.
      • Limited to the first 15,000 redemptions daily.

Frequently Asked Questions:

1. Do I need a promo code to qualify for this promotion?
Yes. Please apply the promo code SAVER.

2. Why can’t I use my promo code?
For the promo code SAVER to work, you need update your app to the latest version. When redeeming, choose the GrabShare vehicle type, select payment via GrabPay (credit/debit) and key in your pick up and drop off points.

Do note that you can only redeem this promo code on between 15 – 21 April 2017 (9am – 12midnight). If you are still facing issues, please contact our support team at 6655 0005, or email [email protected]

3. How do I know if I’m eligible for this promotion?
You are eligible if you booked your GrabShare ride with your debit or credit card. If you are unsure of your eligibility, key in the promo code SAVER and check if it activates for you. If it works, you can participate in this promotion.

4. I am eligible for the promotion. How do I claim my discounted ride?
Please see the (above) section on “How to redeem” for detailed steps.

5. Is the fare indicated when I make the booking already discounted?
No. The fare your see in the app is the full fare. The discount will be applied after the booking is confirmed, and the discounted fare will be indicated in the e-receipt.

6. How will I know when the maximum redemptions for this promotion has been reached?
Grab will actively update our social media channels so do keep a lookout for it.
We will be posting updates on our social media pages on the number of redemptions left throughout the day. Do keep a lookout there!

7. How will ERP tolls and surcharges be split amongst passengers?
In the spirit of sharing the ride and the fare, all tolls incurred during the journey will be split between passengers.

Scenario 1: ONE passenger is onboard when it passes an ERP gantry.
Tip 1: All ERP charges to be paid by that passenger.

Scenario 2: TWO passengers are onboard when it passes an ERP gantry.
Tip 2: ERP charges will be split equally between both passengers.

Scenario 3: Passenger A is onboard. Driver passes an ERP gantry and picks up Passenger B.
Tip 3: ERP charges will be split equally between both passengers.

For general terms and conditions, click here.


Personalities That Affect Your Success At Wealth Management

A wealth manager offers a high-level professional service which combines investment advice, accounting services, tax services, retirement planning, and legal planning. Generally speaking, wealth management is more than just about investments as it encompasses all the areas of one’s financial life.

Because of the pervasive nature of wealth management, a crucial factor affecting its success is your personality. Understanding your own personality toward money will help you identify the factors that are beneficial and harmful to your wealth. Start identifying which personality category you belong to. This can increase your self-awareness as well as take the right wealth management plan.


A prey to bargains and sales, an impulsive buyer is a person who hates shopping lists and likes to go with the flow. He or she achieves psychological gratification through spending money on things that are often unnecessary. The urge to spend is usually regretted.

Image Credits: pixabay.com (CC0 Public Domain)

Image Credits: pixabay.com (CC0 Public Domain)

Solution: Remove the immediate ability to spend by keeping all your credit cards at home and by bringing nothing but a substantial amount of cash.


Falling under the umbrella of spenders, the uncontrollable debtor borrows money that he or she will readily spend. They are at risk of incurring high amounts of debts, impaling their credit score, and bankruptcy itself. With an outstanding amounts of debts, no successful wealth management can take place.

Image Credits: pixabay.com (CC0 Public Domain)

Image Credits: pixabay.com (CC0 Public Domain)

Solution: Identify all your debts and rank them according to interests. Start by ceasing the debts with higher interests and progress from there.


Unlike the two personalities mentioned above, the cautious manager likes lists and plans. People in this category also love to spot the greatest deals for their money.

Personally, I consider myself as a cautious manager. I keep track of my monthly expenses in order to analyze my spending habits. In terms of my wealth management efforts, I am very conservative that I invested my money on Mutual Funds (Bonds) alone.

Image Credits: pixabay.com (CC0 Public Domain)

Image Credits: pixabay.com (CC0 Public Domain)

Solution: As you take lesser risks, look for the savings account that offer the highest interest rates.


The smart investor is capable of managing his or her own money well. People under this category have a clearer understanding of their financial situation and they are actively putting their money to work.

Solution: Improve your knowledge on in-depth topics on investments and wealth management through several resources such as books and online articles.

Image Credits: pixabay.com (CC0 Public Domain)

Image Credits: pixabay.com (CC0 Public Domain)

Sources:1 & 2