Are you more of a spender or a saver?

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Becoming debt free and starting to really make your money work towards your values instead of against them excites many of us!  We’ve lived the debt-burdened life and don’t want it anymore.  

We proudly wear the title of “recovering spender.”

Spender or Saver?

In order to get out of debt and save money for the things we hold dear, many times we first have to take a step back and see what money actually means to us.  

How do we use money?  

Are we more of a Spender or a Saver? Then, we can see how best to approach our view of money and change it to work for us instead of against us.

You may be a spender if you…

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  • Purchase things on impulse like a new outfit, a dog, an expensive purse, or a house!
  • Hide purchases in your trunk so your spouse won’t see them.
  • Feel guilty about the money that you’ve spent.
  • Try not to spend money but then see something and blow your budget.
  • Don’t have a budget. Budget? No, that’s too constraining!
  • Have a budget but try to figure out how to rearrange the money so you can purchase that item.
  • Have credit card debt that rolls over from month to month.
  • Feel crushed by the amount of debt you owe, but can’t stop spending.
  • Buy things when you feel stressed.
  • Don’t know how much money you have in your bank accounts.
  • Don’t know how much money you owe or when the bills are due.

You may be a saver if you…

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  • Want to put your spouse on an allowance.
  • Cringe at the thought of your spouse doing the grocery shopping.
  • Buy only exactly what you need and nothing more.
  • Know how much is in checking, savings, retirement, etc.
  • Know exactly how much money you owe and when it will be paid off.
  • Aware of the bill due dates.
  • Don’t like “wasting” money.

The Recovering Spender

As a Spender…

Learn how to regain control of your life and stop feeling ashamed of the money spent.

As a Saver…

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Learn how to engage the Spender in your life in a way that truly encourages them to make adult choices instead of treating them like a child and putting them on an allowance.

Financial Bucket List

As a Spender myself, I made highly impulsive decisions, from coming home with a pug on a whim to charging 12,000 on her credit card to win a “free” car to going away with my girlfriend to visit her brother-in-law and coming back with a plan to move to a new home!

Take a minute and list in your mind a few things that you value.

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No worries, I can wait…

“My guess is that you weren’t thinking about upgrading your cable package or buying that new Coach purse you’ve been coveting.  In fact, that question probably helped you to think about your money in a whole new light.  You probably thought about your family, your faith, your job, or your health.  Those things that you think about, those are your true values, so start making your spending a reflection of your true value system.” – The Recovering Spender

When we see that the value of money is really about aligning it with our core values, we get a real sense of purpose and it becomes easier to change our spending habits to meet those values.

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