Compulsive spenders and debtors misuse money or credit in different ways, yet their behavior inevitably leads to self-loathing, unhappiness or shattered relationships. Perhaps you or someone in your life will identify with one of these 10 negative money personalities.
Cinderella Cinderellas are usually women I think of as the "genteel poor." They may be intelligent and creative, but seem unable to earn enough money to do more than get by. Cinderellas usually spend irresponsibly because they expect to be rescued by Prince Charming. At times they may be taken in or helped by friends or family who provide food, shelter, and kindness.
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The Rebel Spending was a temper tantrum for Dave. His parents were constantly complaining that they couldn't make ends meet. "We can't afford it" was their theme song. Teenaged Dave hung around with kids from affluent homes. He became more and more frustrated that he couldn't have what they did. He rationalized, "I'm as good as the next guy. Why not spend?" Dave's fury toward his parents' philosophy led him to a life of compulsive spending as if money burned a hole in his pocket.
Secondhand Rose Toni was a "Secondhand Rose." Her home was filled with things, all purchased in thrift stores and swap meets. She rationalized, "If I buy that item my life will be miraculously changed. I only spent $8 instead of $80." As a result she spent all the money she was saving to put herself through school. Toni learned this attitude from her mother who loved shopping too, but forbade buying anything that was new.
The Savior Saviors help others in need. Olivia frittered away an inheritance because she couldn't resist helping people with hard luck stories. She had been brought up to believe it was important to be altruistic. A good person gives to those who are needy. But because she secretly believed that she didn't deserve to be better than most people, she didn't take care of her needs first.
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The Status Seeker These people use money to impress others. Sometimes they come from poor families and spend compulsively to create a life they never had. Debby's excuse was that she needed expensive clothes since she was dating a man whose lifestyle included going out to trendy places. She had to look right to be accepted. Debby fantasized that credit cards weren't real money. Since there was still cash in her bank account, she could charge as much as she wanted.
The Magical Child Gail and Gary were spending binge buddies. When they faced bankruptcy, Gail asked Gary what they should do. He replied, "Let's hang in there and pray to God." The Magical Child prefers to deny reality and imagine that his problem will be resolved in some fabulous or miraculous way. This couple had a "When my ship comes in" mentality, although they liked to live and spend as if their ship was already in port.