You’re a flyer, security seeker
Just like Francine, your child’s primary Money Personality is Flyer! Flyers love going with the flow! You may notice that your child isn’t too concerned about their money or what happens to it. They prefer to “fly by the seat of their pants” when it comes to handling their money and may even ask you to hold onto it for them. Flyers don’t really plan for their money, they just focus on what kind of happiness that money can buy.
Francine is easy-going and carefree. She prefers to go with the flow in all aspects of her life, rather than sitting and making plans. She gives any money she receives to her dad for safekeeping and mostly sticks to her own routines. She doesn’t think about money much but rather on how the things money can buy make her feel. Does the ice cream cone she gets after handing the cashier her money make her happy? Then that’s what Francine is all about! Not thinking about her money often makes Francine forget how much she has and how much she needs to be able to buy things. To help keep her on track, Francine’s dad is going to teach her how money works and what she can do with it. This way, Francine can still do what makes her happy but have a backup plan too, just in case.
Your child’s secondary Money Personality is Security-Seeker! Security-Seekers like to be prepared. They hold onto their money until they’re absolutely sure they know what they want to do with it. As a kid, this might mean looking at all the toys or candy in the store before making a decision. Or maybe they check out the reviews on a new game before they buy it. Regardless, your child is all about safety with their money. They’ll never waste it on a passing fancy.
Steve is a very cautious person. He likes a lot of security in his life, like knowing that his mom will always be there to pick him up from school and that his night light will keep him safe from monsters under his bed.
This isn’t to say that Steve doesn’t like to have fun! He loves video games and racing bikes with his best friend Risky Ricky. But before he buys a game or bike, he always has to read the reviews to see if it’s worth paying for. He loves always having a plan in place. Unfortunately, this means he often misses out on lots of fun opportunities his friends invite him to. He’ll miss out on things like bowling and going out for ice cream because he’s scared he’ll spend too much money. Steve’s mom is helping him to not be scared by creating a budget just for spending on fun things so that he can stop missing out!
A Friendship is born…
Francine is full of fun! Her friend, Security Steve, knows her to be very laid back and carefree. Francine finds joy in many things, and doesn’t stress about having money. Steve loves how joyful his friend is, but worries if she doesn’t start making financial plans she won’t be able to be leisurely with her money. Knowing that Francine doesn’t enjoy planning with her money, Steve makes her a budget and gifts it to her. Francine now uses it to keep track of how much money she has to spend. Wanting to gift Steve back for helping her, Francine helps him be more relaxed when it comes to money. She told him to add in some extra spending money to his budget, so when he wants to build relationships he can pay for a fun day, and not worry about how much he has in his savings. Their friendship is the best, because they are able to share new tricks with each other that will grow them both!
Help grow your child’s financial brain
- 1Sit down with your child and talk to them about wants and needs. Explain that needs are the priority and their wants can be saved for!
- 2Give your kids an allowance of some sort! It will help them grasp how to save, spend, and share their money.
- 3Allow them freedom with their money, but do give them some tips. We want to let them have their own money personality and not feel bad about it, but learning aspects of other types will help later on in life.