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The brief

Emotional Spenders:
Tend to spend their wage almost as quickly as it’s earned. They often know what they should do with money but not necessarily how to make it happen. They don’t have excessive debt but nor do they have much in the way of savings.
 

Possible relationship impacts:
Financial discipline is not high on their priority list and the way they spend money reflects how they feel at the time. Emotional Spenders find it hard to make a connection between small actions today that become big rewards tomorrow.
 

Emotional Spenders could benefit from:
A strong budget and plan. If they’re a visual person, physically putting the cash into dedicated jars or envelopes for weekly spending may help with sticking to the plan. Learning better ways to channel their feelings without spending money would also be helpful.


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Things you should know:

The recommendations as a result of you using this tool is intended as a guide only. It is for illustrative purposes only and is based on the accuracy of the information provided. This information does not take your personal objectives, circumstances or needs into account. Consider its appropriateness to these factors before acting on it. Read the disclosure documents for your selected product or service, including the Terms and Conditions or Product Disclosure Statement, before deciding. Westpac Banking Corporation ABN 33 007 457 141 AFSL and Australian credit licence 233714.