Skip to content

A Few Major Differences Between Spenders and Savers

Do you ever stop to think about the differences between spenders and savers? You might know if you are a natural saver or spender, but what does that really mean in terms of your shopping tendencies or for your long-term achievements? Since I am a natural saver, I tend to think that my way of living is the best way (but maybe my ego is just getting the best of me?), but if I truly stop to think about my future as a saver vs. my future as a spender, I would much rather be a saver.

By being a saver, I have accumulated very few debts in my life and have paid them off quickly. This has allowed me to live comfortably and without much fear whatsoever. Once my mortgage is paid off (in the next few months), I will have absolutely no debts and my life will start to present many options my way.

Because I will have quite a hefty bank account, perhaps I will start to invest in real estate and earn even more cash per month. Perhaps a new job will present itself that might pay a minimal salary now, but could offer huge returns in the future. By living cheaply and having money in the bank, the risk of this new job will be much less than for someone that is a spender and lives paycheck to paycheck. In my humble opinion, savers have more long-term options and have a better chance of true success. Spenders often flaunt money that they don’t have and because of their spending will never have!

Take a look at the infographic below. Are you a saver or a spender? Which way do you think is the best way to go?

Savers Vs Spenders Infographic by Newcastle Permanent Building Society

Money Save Money


My name is Derek, and I have my Bachelors Degree in Finance from Grand Valley State University. After graduation, I was not able to find a job that fully utilized my degree, but I still had a passion for Finance! So, I decided to focus my passion in the stock market. I studied Cash Flows, Balance Sheets, and Income Statements, put some money into the market and saw a good return on my investment. As satisfying as this was, I still felt that something was missing. I have a passion for Finance, but I also have a passion for people. If you have a willingness to learn, I will continue to teach.


  1. I’d definitely say I am a saver. Even when I am making more money during some months, I like to save it instead of splurging (most of the time).

    • I’m the same Alexis. I am big on paying down debt and saving. I really have to talk myself into spending money once in a while so that I can actually have some fun. 🙂

  2. I certainly fall under the savings category! I think it’s so important to save because you never know what emergencies will arise, but it’s also important to spend the money when necessary. I found it interesting that savers are least likely to cut back on medical visits and insurance while spenders are least likely to cut back on technology, and knowing both spenders and savers, I find it pretty accurate. Thanks for sharing!

    • That does seem a little ridiculous doesn’t it? Easing up on dentist visits before cutting back on technology? Then again, I’m a saver so I just wouldn’t understand.

Comments are closed for this article!

Related posts