You’re a security seeker, flyer
Just like Steve, your child’s primary 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.
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. But unfortunately, this means he often misses out on lots of fun opportunities his friends invite him to. He’ll miss out on 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 for spending on fun things so that he can stop missing out!
Your child’s secondary 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!
However, 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.
A Friendship is born…
Steve is a cop and has natural protective instincts. He is a very cautious person, especially when things are important to him.. Steve prioritizes saving his money. He loves making plans and sticking to them. His friend, Francine Flyer, however, is very different from him. Francine doesn’t usually have a plan, and most of the time she still finds joy out of things. Steve decided to ask Francine for some advice on spending, so that he doesn’t feel stressed out over new opportunities quite as often. Francine teaches Steve that it’s okay to spend money every once in a while on a couple extra ice cream toppings, if that’s something that could bring him joy. Steve helped Francine by showing her that making a plan can secure her financially, so that she never has to worry about not being able to buy something that she wants. The next time they both went out, they surprised each other. Francine had saved an exact amount of money for her ice cream, and was going to cut back on the toppings, but Steve stepped in and paid for his and hers. He got joy out of gifting her ice cream, and it showed that he had relaxed with his money to find joy! Francine on the other hand had shown Steve that she could plan with her money. Steve and Francine’s friendship is constructive and worthwhile.
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.