[INFJ] Are you spendthrift or do you invest?

Are you spendthrift or do you invest?

View Poll Results: Which one?

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  • I spend all/most of my money with hardly anything for other bills

    4 21.05%
  • I invest most of my money

    7 36.84%
  • Depends on my circumstances at the time

    8 42.11%
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Results 1 to 9 of 9
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  • 1 Post By OldManRivers
  • 3 Post By Felidire
  • 1 Post By Valnadis
  • 1 Post By Lad
  • 1 Post By Grad0507

This is a discussion on Are you spendthrift or do you invest? within the INFJ Forum - The Protectors forums, part of the NF's Temperament Forum- The Dreamers category; Ever since I have earnt my own money, I have always put about a third or more into a savings ...

  1. #1
    INFJ - The Protectors

    Are you spendthrift or do you invest?

    Ever since I have earnt my own money, I have always put about a third or more into a savings account or save it on the side for a 'rainy day'. I couldn't imagine spending all my money on payday for something for myself. Seems like such a waste when I know there will probably be expenses that will need to be paid off sooner or later. I'm also a type of person who hates asking anyone for money. Not because I'm overly proud, but because I hate getting into any kind of debt to people and I'm forgetful, so I'd doubt myself that I'd pay all of their money back.

    So, are you spendthrift? If so, what do you spend your money on? Do you spend money even when you know you need to pay other bills? Or do you invest, if so, for any reason or just because?

    I realize talking about money for some people may be personal so don't reply if you don't like doing that. I was just wondering if this was a INFJ type of thing, to be investors?

  2. #2
    INFJ - The Protectors

    Budget during the month, priority is to pay all bills on time, then a family discussion to set priorities - savings is the only investment, and that is from year end bonuses. Overall objective is to avoid interest payments and late charges - that has worked for more than 25 years.

  3. #3
    INFJ - The Protectors

    I put every single cent that isn't required for food/bills into a savings account; I spend nothing because I'm more comfortable having that financial security, plus I know I'll probably want to buy something expensive in a few months time.

    It's supposedly more of a 'self preservation' trait, as most INFJs I've seen are pretty damn terrible with money. I'm an SP/SX, I imagine an SX/SO or SO/SX INFJ would be absolutely deplorable in this regard. For me, hoarding money is an impulsive behaviour, I have trouble spending it (even when I should).

  4. #4

    It depends. I'm always saving money, I'm very good at that, but then the rest of the money I don't save it burns in my hands, I can't control it.

  5. #5
    INFJ - The Protectors

    I think this is because of me being Type 6w5; I'm always saving and making sure I have backup money just in case I would need it someday. I need that security or I can barely spend any money. I've always been careful with my money, I usually just spend money on food and bills - that's it. A few times now and then I'll use it on a random treat for myself. I'm close to what @Felidire when it comes to money.

  6. #6
    INFJ - The Protectors

    I am foolhardy with my money. I have a feeling that will change once I have a steady, full time job. Actually, I'll still be foolhardy and buy things impromptu, but it won't matter as much because right now I am not excessive. I still won't be excessive when I have more money laying around. Therefore, my money pool will naturally grow. I run out of money now simply because it's an iiiittty biiittty tiny amount lol.

  7. #7

    Most of my finances are invested in the stock market. I really got hooked in when I was University swimming in student loan debt, but then realized it's a 0% loan that I wouldn't have to pay for about 4 years. Over here, they tended to give an extra $2000 more a semester than what I needed for school, so I invested that. Before I graduated, I paid off my student loans with my student loans without having to work. The truth is, through University I became comfortable having debt and was more-so concerned about the terms of the repayment (ie: timeframes or interest rates).

    My "emergency" money or savings parachute that we all try to have, is in a safer dividend yielding stock which naturally offers a better rate (4%->8%) than the typical banks insulting 1% a year or whatever. I then have "play money" for risky investments and then educated safer plays with potential for growth.

    I won't lie, I got hooked onto the drug of passive income -- money for little to no real effort. It really hit me when I made an investment one morning, played tennis with a friend, and came home 3 hours later to make $700 extra selling my investments.

    With that said, I wouldn't recommend any of the above to most people.
    Valnadis thanked this post.

  8. #8
    INFJ - The Protectors

    I have a challenge with money. First I'd spend all my money on others. When I started feeling resentful, I spent all my money on myself. When I realized that I was in the hole, I took advice from my INTJ father, and now I don't spend much money even when I should.

  9. #9
    INFJ - The Protectors

    Quote Originally Posted by Lemxn View Post
    It depends. I'm always saving money, I'm very good at that, but then the rest of the money I don't save it burns in my hands, I can't control it.
    I think this describes me (or us) well. I think that once you have the habit of ferreting that money away for a rainy day, it's easy to keep up the habit, but if you don't ferret it away then it flows away.


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