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Scrooge or Splurger: which film character are you?

In this article:

Clueless about saving? Have a few Shopaholic Confessions? Find out what some of our favourite films tell us about our spending habits.

There are a few things in life that we always say we’re going to do. One, save money and two, watch that film one of our friends recommended. Well, what if you could do both at the same time?

You can – we’ve paired a few of our favourite films with some of the most common spending personalities.  So, read on to find out what your favourite films say about you. 

Take the poll!

Which Spending Personality best describes you?

The Selfless Spenders

No matter what the celebration, you always strive to have the perfect gift for each occassion - even if that's giving away your very own chocolate factory.

However, whilst we all love a gift, it doesn't mean you should have to sell your own Golden Ticket to afford it. Buying expensive presents and shouting lunches may be your way of showing how much you care, but it could also be putting your own financial future at risk.

What you can do?

So, when you're thinking of treating someone you care about, look for some lower-cost or DIY alternatives.  And when gift giving season comes around make sure you’ve prepared an affordable gift budget. If Willy Wonka and The Chocolate Factory has taught us anything, it's that the best gift is often time spent with those we care about.

The Status Spenders

You're all about being so fetch, I mean on trend. Like Cher in Clueless, whether it's a designer dress or head-to-toe yellow plaid ensemble, you just have to have it. And if you don't have the funds - well, isn't that what Afterpay is for?

Being on top of the trends might make you feel great at the time, but always purchasing the ‘next big thing’ means your  financial future is in doubt. Clueless spending on big ticket material items is a sure-fire way to get yourself into serious debt.

What you can do?

When faced with wanting to buy the newest shiny thing – tell yourself you’ll sleep on it first. Try to think about things such as, whether you can really afford it and the impact on your financial goals. If you must have it, set aside a small amount each week to save up for it.  Once you reach your goal you might not want it anymore, or it could even be on sale.

One final word: if you need a computer program to choose your #ootd you've definitely got too many clothes (or poor taste).

Take the first step

The Spontaneous Splurgers

You just popped out to get some groceries and run a few errands. However, you've somehow managed to arrive home with a new pair of shoes that you definitely needed , some things for the house and possibly half of Priceline's makeup department. If that sounds like you, you've probably got some things in common with Rebecca from Confessions of a Shopaholic.

What you can do?

If impulse buying is your eighth deadly sin, then the best thing you can do is avoid temptation – but we all know that’s easier said than done.

For starters, if you’re someone who picks up extra things during your weekly shop, think about writing lists before you shop – and if it’s not on there, it’s not going in the trolley.

Secondly, keep your receipts! Most of the time we don’t even realise that we're splurging.  So, by reviewing your receipts and monthly bank statements regularly, you'll be able to see where you can cut costs. Underwear might be "a basic human right", however if you trade in those Marc Jacobs for some Bonds, your wallet will thank you.

And finally, consider speaking to a financial adviser to put a plan in place.  You don’t have to stop spending all together,  but with a goal to aim for, and a bit of discipline, you can still enjoy life without going into debt.

The Super Savers

Everyone wants to be a good saver, right?

But, if you can't remember the last time you bought a gift, and the thought of spending money makes you yell "Bah! Humbug!" then maybe your savings fixation is doing you more harm than good.

What you can do?

While we should all aspire to have a healthy savings account, saving isn’t about living frugally to the extent that you become the people-hating Ebenezer Scrooge from A Christmas Carol.

Saving aims to give you the financial freedom so that you can enjoy the pleasures of life, not isolate you from it. What's the point of all that hard work saving if you never get to actually spend it?

Finally, when compared to other investments, savings accounts don’t always give you the best returns on your hard work, so consider whether investing can make your money work a little harder too.

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