Yes, you have debts, but doesn’t everyone? How else do you afford to live the life you want? Debt is not a means to an end for you, it’s a way of life. You may pay off one credit card while running up another. You may rely on loans and credit for big purchases, and need a regular salary to maintain your debt payments. Your first goal is a plan to start paying off that debt.
The Spreadsheet Master – ‘There’s a new column for everything’
Forensically focused on every minute detail of your balances, but rarely looks up from the spreadsheet to identify broader goals. Saves for the sake of it, rather than for something you want or need. Your first goal is to identify your values and long term goals and plans.
Convinced disaster is imminent, Chicken Little (Miss Henny Penny) is always putting money away for a rainy day. Too concerned about impending doom to ‘waste’ money you might need later on frivolities like dinner out, or starting a business, which might risk your security. Your savings account may be healthy but your attitude isn’t. Your first goal is to build your financial confidence so you can relax your grip a little.
Living Your Best Life – ‘You make money to spend it!’
Pensions? Savings? You only live once, and that fill-in-the-blank item won’t be on sale forever. You're going to get round to saving some time, but first you need a holiday, a haircut, and the perfect cushions for your new sofa. Your first goal is to set up an auto transfer to your savings account .