There are eight types of money-spenders in the UK, so where do you stand in terms of budgeting your hard-earned cash?
Research has found Brits are most likely to spend with their heart, rather than their head, but with the need to sit in a beer garden in hot weather and the ease of ordering with Deliveroo, can you blame us?
A study of more than 9,000 consumers, carried out by HSBC UK, revealed spenders can be split into eight ‘attitudinal segments’, with each group possessing unique attitudes and characteristics which tell how they manage their money.
Take the test to find out which one you are!
Here are the different groups:
Trend Spender (16 per cent) – Trend Spenders are ruled by their heart so stretching their finances doesn’t scare them as long as they can maintain their lifestyle. After all, if they see it, they want it.
Driven Achiever (15 per cent) – Driven Achievers know what they’re doing when it comes to managing their money. They spend time doing their research, allowing them to make savvy decisions and are comfortable pushing their financial boundaries if they think there’s going to be a pay-off.
Sensible Sage (15 per cent) – ‘The sensible one!’ That’s possibly what Sensible Sage’s are likely to hear. ‘Save now to spend later’ is their motto. Being considered is very important to them and they see no point in getting into debt unless they can pay it off in full every month. Bargains matter, as does finding the best deal.
Self Sufficient Spender (14 per cent) – Sufficient Spenders are confident multi-taskers who know what they want. They’re independent in spirit and like to make things as easy as possible, so they’re keen online shoppers. Although they’re not flashy, investing in quality matters to them and they like to live life their way.
