What is your financial language or money language? Your Financial language is how you speak money. It combines your thoughts, beliefs, habits, actions, interests, and feelings about money.
You will find many different types of money languages if you google money language. You will also find a few tests that you can take to determine what your money language is. The reason for this is the belief that if you can understand how money actually works for you, the better financial decision you will be able to make to better your life.
There are so many different types because no two people are the same, and we all have different ways of expressing things and different ways of thinking and feeling. Even though we have different ways of saying something, they call mean the same thing.
Today I will be going over 3 types of financial languages that I used to help me discover my own money language and how knowing this information helps me.
The Four Money Languages
Driver
Amiable
Analytic
Expressive
These four money languages deal with an emotional point of view. This language is how you are emotionally tied to money. What I mean is it tells how money makes you feel and how you use your relationship with money towards others.
Driver- money means ” you are successful.” Money drives them (the fuel to their fire). The more they have, the more success. They can be savers or spenders.
Amiable money means ” love and affection.” Money is how they show affection (they buy gifts and pay for things). The more they spend (or give), the more they are loved. They are spenders.
Analytic- money means ” securities.” Money protects them (if money is in the bank, then life is okay). Less money means less security and less control. They are savers.
Expressive- money means “acceptance and respect.” Money can buy you acceptance and respect (it fixes everything). The less money you have, the less you are accepted. They are spenders, but they can save.
Five fundamental money languages
The Planner
The Worrier
The Believer
The Seeker
The Tracker
These five money languages have a more linguistic point of view. They deal with sociology,psychology, and statistics. This is based on what you think about your finances.
The Planner-Confident, balanced, and optimistic about money. Clear about needs and wants, have good saving habits, able to limit spending. and values good planning for the future.
The Worrier-Cautious, are hesitant to make expenses even if for the good of their finances. Worries about not having enough for the future. Anticipates challenges before they materialize.
The Believer-Generous, creative and positive about money. Embraces ideal that money should make life enjoyable for them and others. Likes grand gestures, big ideals and exciting opportunities.
The Seeker-Generous, optimistic, spontaneous, and willing to experiment with their finances. Understand that saving is essential but seek new ideals about spending and saving.
The Tracker-Carful is organized and systematic about its finances. Detail-oriented and aware of their finances. They know how much money they have coming in, how much they spend, and how much they have on hand. They also don’t splurge on unnecessary things.
Money operating system
These 5 money languages have to deal with your beliefs about money. Many of these beliefs are what we have been told or what we have picked up.
- “There will always be enough money”. You are a high or average earner that live a simple life. Have to be careful about having a false sense of security about money.
- ” If I am good, the Univers will give me what I need.” Doesn’t lead to productive financial habits. No saving or investing happening with this belief system.
- “Money makes me valuable.” Your self-worth has to do with how much money you have. If they have money, they succeed, seem powerful, and are good with business. If they don’t have money, their confidence suffers, and they feel like a failure.
- ” There will never be enough money.” You are either an over-spender or an under-earner. You will always be in debt or financially in chaos. You will always find yourself defending your bad habits.
- “Money is bad, the root of all evil.” You find money to have much to do with the world’s problems. You feel virtuous and righteous about living within your means. This negative belief leads to poor financial habits.
Knowing your financial language will help you understand your outlook on money. Your language may fall under one language or a combination of languages. Knowing this will help you better your financial situation by telling you precisely what you need to make sound financial habits that will work for you.
For my financial language, I picked one from each language I identified with. I wrote the pros and cons for each. I then wrote the good and bad habits that came from each language. I took that information and devised a budget system that worked with the strengths and weaknesses of each language. By doing this, I have been able to keep up with my finances and stick to my budget system for a few years. Allowing me to be in a better position financially.
Will, that’s all that I have for today. I hope this helps you on your journey.
Thanks for reading Everything Frugal.
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