Let’s Talk about Money

“I work all night, I work all day, to pay the bills I have to pay

Ain’t it sad

And still there never seems to be a single penny left for me

That’s too bad

In my dreams I have a plan”

This famous song by Abba resonated with a lot of people, if only I had more money, imagine what I could do with it. It’s one thing to manage it by yourself, it’s totally something else when you are managing two dreams and different styles of managing money. So understanding your partners Life Language and how they manage their money may be the secret to unlocking the barriers to successful money management in your household.

Let’s look at the different Life Languages and how each one approaches money management:

Responder

Responders are generally not to logical or methodical in the financial arena. They can live within a budget-but with difficulty. They tend to make decisions based on how they feel at the moment, which can lead to spontaneous spending. It can also lead to buyer’s remorse later when they get home with something and wonder why they bought it.

Responders may spend a lot of their time returning items. One thing in their favour of not spending foolishly is that they do not make decisions too quickly; they may delay following their feelings when purchasing is a temptation.

Influencer

Because Influencers are spur-of-the-moment, spontaneous people, Influencers tend to carry this style into their buying or spending practices. However, due to their creativity, they may find ways to build a secure financial base, but usually it is not so much from a practical desire to save money as it is for a creative outlet that may be channelled toward finances. When they shop, they expect high levels of attention and like good quality.

Since they move rather rapidly from their feelings to their logic, they can be good money managers. They are not excited about the day-to-day management of money, but when the responsibility is theirs, they are capable of doing a thorough job of it. Since they operate in steps of action and formulas, they can be quite effective once they formalise money management. They tend to handle it in a short-range way, though, not on a five-year plan.

Shaper

When making investments, Shapers do not get emotionally involved or committed. We knew a Shaper who made investments for a group of Christian doctors. His investments were wise and profitable, and when we asked him how he did it, he explained that he did not allow himself to become emotionally involved with the investment. He said, for example, when a couple see a house that meets all the requirements that they want in a home, the preferred style, location, and the like, many will instantly get so emotionally attached to the house that they want it just because they love it. Maybe it is not the best deal in the world, but they rationalise that is exactly what they want. Despite the need to fix the roof or foundation, they take it. Shapers will purchase the house only if it is a wise move, and they will not allow their emotions to control their financial decisions.

They spend or purchase wisely, work on a budget, and plan ahead in five years we will buy a boat. They look for quality and the best price. They do not buy something just because it is a bargain if that compromises quality. If they have to sacrifice either quality or cost, they will pay more to buy the quality product, even though that means a delay in getting it so they can really afford it. As in all areas of life, Shapers think then act. When it comes to financial matters, they likely do not make the investment if it is not logical.

Contemplator

Contemplators usually have a well-planned, well-thought-out system for handling their finances. However, because they think, then feel rather rapidly, their feelings may bump aside their logic in buying habits. They can purchase impulsively, sometimes foolishly, or even sometimes overspend. They usually have a budget, but because of their impulsive purchasing they may ignore the budget. However, when they do overspend, they tend to get back on track and get back on the budget. They really desire and appreciate the best, highest quality name brands at good prices, and they are willing to shop and look until they find them.

 

Doer

Consistent with their pragmatic personalities, Doers are not extravagant. They usually do not buy things on the spur of the moment, nor are they prone to buy things that are not practical and useful. However, they will use their finances to meet the practical needs of others. And because of their impatience in following the normal channels or waiting for someone else to do it, they may seem impetuous, jump in, and buy something to get the job done. Sometimes they find out that the money was well spent, appreciated, and helpful. Other times they may find out it was not called for.

A doer friend of ours was frustrated because the company she worked for would not provide the software that her offie needed to complete a project. She called around and found the best price. The software was not that expensive, so if the company would not reimburse her, she would not be out that much. At least she could get the job done and could stop wasting time. Fortunately, the situation worked out the way she had hoped it would. She got the job done, and her boss appreciated it and reimbursed her for the software. However, had the expense been much greater, her boss might not have done so, as the company was in the process of upgrading all computers and installing new programs. At that time the software she purchased would have been ineffective. Doers take action like that, and it does not always work out.

Doers are not extravagant in spending money on themselves or their families. Their investments are generally practical, consistent, low risk, and safe. And they tend to be diligent providers and good money managers.

Producer

Probably of the speakers of all the languages, givers are the very best at handling finances.

Even though Shapers use thought and wisdom in handling finances, Producers are usually more naturally gifted to deal with money, investments, or finances. Many seem to have a gift for making money, which goes with their ability to gather material goods. They usually have a strong and varied monetary portfolio, with amounts in savings, cds, stocks, and real estate.

Producers know that to give, they must make and have, then they can share. Although they typically buy ahead of time, not at the time of the need, they shop wisely, buy with thought and deliberation, seek out good buys or bargains, and are not extravagant. Yet, true Producers like to give the best, so they buy and give quality. Many times we find Producers as bookkeepers, accountants, financial planners, and financial officers.

Mover

Honesty is the bottom line to Movers and their money. However, due to their risk-taking characteristics and their sometimes acting before they have gathered all the facts, they may tend to invest or spend rather flamboyantly. Later their action may prove to have been unwise. Because they act, then think, they may spend, then regret. If they will be patient, they have the ability to make wonderfully wise investments because of their discernment and desire for honesty. However, if they do make unwise decisions or investments, they will quickly see their error, get out as soon as possible and move on to something new.

Movers are not naturally good day-to-day money managers because they do not take time to follow through on the details. So, this may be an area that is best delegated to someone else, such as an accountant or a mate who is good at details and day-to-day money management. Movers like to be involved, consulted, or allowed to be overseers, but let someone else do the daily matters and keep your account in balance.

Movers like to buy; they just do not like to shop or look. They have little patience with shopping, but if they have specific shopping missions, such as buying a blouse or hammer, they can accomplish their missions and enjoy the outings. Window shopping, though, is nothing more than a waste of valuable time to them because it accomplishes nothing concrete.

Did you get a glimpse into you, and perhaps your partners Life Language? Want to know more? Then take the Life Languages test today for just US$45 to discover exactly which language you are both speaking. Here is the link to do so:  Complete Questionnaire Now

For more information on Life Languages for relationships, career or teams please contact me on 1300 058 929 or email: info@businessblessings.com.au.

If you found this article helpful, please share it with your connections. I’d love to hear from you too… please feel free to share your thoughts in the comments below 🙂

Wes Leake is People Builder, Spiritual Coach, Entrepreneur Releaser, Author and Speaker.

References:

The information in this article was taken from Speaking of Love By Fred & Anna Kendall the creators of the Life Language profile.