Have you ever wondered why saving feels so natural for some people but like pulling teeth for others? Or why does your friend track every dollar while you live by the “I will deal with it when it comes” motto? This is because everyone has a different money personality, and understanding yours could be the key to unlocking better financial habits.
At NMB Bank Zimbabwe, we believe financial wellness starts with self-awareness. Just like we all have unique fingerprints, we also have distinct ways of handling money. Once you know your financial personality, you can work with it instead of against it. This will aid you in to make real progress toward your goals.
The 5 Common Money Personalities. Which One Are You?
The Saver
Motto: “A cent saved is a cent earned.”
You’re cautious, plan, and find joy in watching your savings grow. Budgeting apps and tricks are your best friend. You even have a binder or Excel sheet for tracking.
Financial Tip: Don’t let fear of spending keep you from investing in yourself. Consider NMB Bank’s Savings Account or explore low-risk investments. Your money needs to grow so nurturing it with investing will give you more.
The Spender
Motto: “Life is short, enjoy the money!”
You’re generous, you always cover the bill at the bar or restaurant, stylish trends are your thing, and you love treating yourself and others. But sometimes you get carried away and forget to plan.
Financial Tip: Automate savings so that spending doesn’t steal from your future. Have a monthly reminder set to put away savings BEFORE you spend or pay for anything. Also, avoid the take now and pay later; these credits eat away at your money before you even have it.
The Avoider
Motto: “Money stresses me out.”
You’d rather not deal with finances, bills, or budgets, and often delay looking at your bank statement. Avoidance is a coping mechanism, and you leave it up to someone.
Financial Tip: Start small. NMB’s customer-friendly banking tools (bill payments and insurance tools) and 24/7 support can help you take baby steps. Try setting up alerts to track spending and when to make payments.
The Balancer
Motto: “If it’s not in the budget, it’s not happening.”
You’re disciplined, organized, and have a financial plan for everything this includes retirement, school fees, and groceries.
Financial Tip: Diversify. Consider consulting NMB Properties for real estate options or start a new investment strategy through our advisory services.
The Risk-Taker
Motto: “You’ve got to spend money to make money.”
You’re adventurous and love new opportunities. You’re the first to try out crypto, forex, or that new farming project.
Financial Tip: Channel your boldness wisely. NMB’s financial advisors can help you evaluate risks, and our savings and loan products can balance your risk appetite.
How to Make Your Personality Work for You
Understanding your money personality isn’t about labelling yourself; it is about identifying strengths and areas to grow. For example:
If you're a Spender, use your natural generosity to plan meaningful giving, but also protect your future.
If you’re a Saver, challenge yourself to enjoy life a little more while still sticking to your financial goals.
No matter your personality, NMB Bank Zimbabwe has a solution to help you thrive, from savings products to investment advice, digital banking to home ownership support.
In summation: There's No Right or Wrong, Just Awareness
The more you understand your relationship with money, the easier it is to make confident financial decisions. And with NMB Bank by your side, you’re not on this journey alone.
Are you ready to embrace your money personality and level up your finances? Visit your nearest NMB Bank branch or explore our digital banking options.