From Complicator to Paper Chaser. Which Money Self Are You?

You may not know it, but most of us fall into distinct personality types when it comes to managing money.

And by knowing yours, you can gain confidence about your financial future.

Pamela Capalad, founder of Brunch and Budget and a certified financial planner and financial literacy speaker, helps her clients figure out what type they are.

Knowing your money personality could help you determine how you react to stressful money situations, how you make financial decisions, and how you treat your day-to-day cash flow, and as well as set priorities, Capaland says.


There are four money types, which are you?

  • Complicators are always thinking about money, and it stresses them out. They tend to check their bank account balances every day, double check that bills were made, and overanalyze how to handle a financial situation.
  • Contemplators are also always thinking about money, but they instead wait for someone or something else to tell them what the priority is. Rather than knowing precisely, they try to keep things like due dates and bank account balances in their heads, and they are juggling everything to see what they can keep putting off.
  • Paper Chasers believe the solution to their money problems is that they will just make more money. They tend to be spending the next check in their heads before it hits their bank accounts, and money is always earmarked for the next thing.
  • Money Monks are more concerned that they are making the impact they want to make, which means they tend to undervalue what they should be paid and don’t always follow up with payments they are owed. They don’t want money to be the main driver or motivator in what they do

You may be more than one

Capaland encourages people to see if they are a combination of personalities. For instance, Money Monks with Contemplator tendencies value their work more than the money. They tend to “figure it out,” whether they have a lot or a little in the bank, but the way they deal with that is by not really checking their bank account balances and not opening their mail.

Because a lot of the money personalities are rooted in values around money, you most likely won’t change what your core one is. But people tend to gravitate toward one or another in certain points of their life, or under certain circumstances. None of them are good or bad. It’s  more a matter of “Oh! This is how I deal with money,” Capaland says. That knowledge can help people move forward and take action in a way that resonates with their traits and tendencies.

Your money personality can help you gain confidence

People may tie their habits and tendencies around money to who they are as people and their self worth. That’s where they can fall into a downward spiral, where they can feel like a failure and well give up, Capaland says.

Understanding your money personality could help you get out of a self-defeating mindset, and it could help you figure out the changes you want to make, without feeling like you should try to change who you are.

Now is the time to start saving and investing for your future. Easy educational guides, $5 investment minimums and zero add-on trading fees are some of the reasons why over one and a half million beginner investors are choosing Stash. Stash charges a wrap fee of $1 for investment accounts with less than a $5k average balance and 0.25% for all balances over $5k. And with this $5 sign-up bonus, you’re out of excuses.

** Stash is an affiliate partner with Washington Square News


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