Your Money Motto Is: Live for Today!
You love living in the moment and are quite the optimist!
Your social calendar may be full, causing you to spend money on going out with friends, buying gifts for everyone, and purchasing new clothes for each occasion. Impulsive spending decisions are highly influenced by emotions and social pressures – you need that new item, you must have what Jane Jones has, that vacation is a once-in-a-lifetime opportunity!
Life's too short to deny yourself pleasures, but you're often careless with your money in the pursuit of happiness and good times. And you'll have to pay for it eventually. Just remember, if you're not careful, you could end up drowning in debt, missing out on the fun, and regretting some of those reckless purchases.
Odds are, though, that you’re in debt, or at the very least, living paycheck-to-paycheck, regardless of how much you make. You create the illusion of being more financially successful than you actually are and can be vulnerable to always trying to keep up appearances. As a result, it’s difficult to put money away for a rainy day, let alone a healthy retirement account.
More than likely, you don’t balance your checkbook and hope and pray you don’t go into overdraft every time you swipe your debit card. While your inherent optimism serves you well in your social life, your bank account balance suffers greatly from neglect. The consequences of not paying attention to your money is that you’ll perpetually stay in debt, leaving you broke and working forever.