“The key for all of these different personality types, and where traditional financial planning is lacking, is not to try and change someone’s personality,” Anthony Badillo, a certified financial planner atGen Y Planning, told INSIDER.
With his clients, Badillo sees greater success by letting people indulge their natural tendencies as part of a sound financial plan rather than just telling them they can’t do something.
“It’s akin to trying to get someone to stick to a strict diet versus allowing them to eat right 80% of the time, but indulge the other 20%” he said. “One is restrictive and focuses solely on elimination, thus setting one up for failure. The other is a healthy lifestyle change that allows for indulgences and sets someone up for success over an entire lifetime.”
Here’s the money advice you need to know based on your astrological sign.
Aries are compulsive shoppers who value quantity and quality.
The first sign of the zodiac lives in the present, according to Astrology Zodiac Signs, which isn’t always the best trait when it comes to making financial decisions.
Because Aries tend to be compulsive and not think things through before doing them, you definitely need to watch out for impulse buys.
“I have clients who like to shop tell me all the time they value quality over quantity, but when we look at their spending, we often come to the conclusion that it’s the act of shopping that she actually enjoyed,” Pamela Capalad, a certified financial planner and founder of Brunch & Budget, told INSIDER. “I think it’s important to acknowledge that you like to shop and figure out what about the act of shopping is fulfilling for you. For most people, you can have quality or quantity, not both. Either spend $200 on the high-quality jacket or spend $200 on five different jackets.”
If you have a tendency to shop online and take advantage of Amazon Prime’s free two-day shipping, Badillo recommended taking a breath before hitting “buy.”
“One of the tips that I like to give is to have someone set an item they intend to buy in their online shopping cart and then wait 24 hours,” he told INSIDER. “If they still want it the next day, then that’s an item they can purchase. More often than not, they realize that they don’t really need the item so I have them transfer the money they would have spent on the item into savings.”
A Taurus loves the luxurious life.
Bulls tend to be responsible, reliable, and crave stability, meaning they’re probably pretty good at saving money and planning for your financial future.
But a Taurus also has a love for luxury and material objects, so there’s always a risk of letting your expensive taste put a dent in your finances.
“If you have champagne tastes, my biggest piece of advice would be to remember what you’re working toward big picture,” Stefanie O’Connell, a financial advisor for millennials and author of “The Broke and Beautiful Life,” told INSIDER. “Define what you want beyond what’s in front of you and remember what you want in the next year, five years or 10 years. When we can zoom out and remember that every dollar we spend right now is a dollar we don’t get to spend tomorrow elsewhere, it can provide the perspective we need to make savvier spending choices.”
Geminis struggle to put money aside for the future.
Geminis are known for being fickle and unpredictable — and this can extend to their finances, as well.
You might be responsible a lot of the time, but then turn around and make an impulsive purchase or other risky financial moves.
“You’re eternally young, so putting money aside for your old age is a challenging concept for you,” Stephanie Dempsey wrote at Daily Horoscope.
Your best money moves may be to set up automatic transfers to your savings and retirement accounts to keep yourself on track, she said.
A Cancer may not know how to enjoy their money.
Cancers are hard workers and enjoy saving, investing, and watching their investments grow. If you’re a Cancer, you probably value security, family, and home life, and feel safest when you have plenty of money in the bank.
Although Cancers usually don’t need tips on managing your finances, you should remember to enjoy your money sometimes and treat yourself.
“You’ll get much more pleasure from your money when you use it to nurture yourself,” Dempsey wrote. “Don’t hesitate to splurge on domestic delights that afford long-term pleasure, like expensive cookware, fluffy towels, and designer sheets.”
Leos don’t have a hard time making money — or spending it.
Leos are ambitious and creative, and generally don’t have a very difficult time making money.
Keeping yourself from spending it all will be your real difficulty because you like keeping up with the latest styles and trends.
Nicholas Holeman, a certified financial planner at Betterment, said that people who feel the need to always have the hottest new item should be “selectively hardcore.”
“Everybody finds value in different things,” Holeman told INSIDER. “For some, it’s new accessories. If that’s the case, you can splurge on those things that bring you happiness, as long as you are frugal in other aspects of your life. As the saying goes, ‘you can have anything you want, just not everything you want.'”
Badillo advised trying services such as T-Mobile’s no-interest lease program where you can always have the latest iPhone instead of going against your natural tendencies.
Virgos need to learn how to treat themselves.
Virgos are naturally hard-working, cautious, and practical.
These traits are usually an advantage when it comes to your finances, but you should remember that it’s OK to spend sometimes to make your life easier, even if it seems indulgent.
“When I was a kid, I would get $2 for lunch every day and since that was the only money I got from my parents, I would spend 50 cents of it on a cookie and pocket the rest,” Capalad told INSIDER.
She didn’t even know what she was saving for, as her parents paid for everything.
“For those of you like me who have a hard time letting go of caution and practicality, one of the easiest ways I’ve found to do that is to spend on something that seems impractical, but so much more convenient,” Capalad said. “Whether it’s allowing yourself to take a Lyft or Uber once in a while (even though you could take the train) or getting the Amazon Prime subscription (even though you don’t need it in two days) or paying someone to build that bookshelf for you (even though you could just spend half your day doing it on your own) — give yourself permission to do that.”
Libras overspend on social outings.
Although Libras are fairly good at balancing between saving and spending, they tend to dislike being alone.
If you’re a Libra, that might mean that you tend to overspend on entertainment or going out to dinner or drinks with friends.
Capalad advised figuring out what’s really important to you about spending time with your friends and budgeting around that.
“If it’s trying new bars or restaurants, going to concerts together, then give yourself a budget for it,” she said. “I think people are very good at justifying their decisions in the moment and then feeling bad about them later, but not knowing how to change it. The other thing that often sneaks up on people is all of the spending around the actual time they’re spending with friends, like taking a car to and from the bar/restaurant/venue.”
Scorpios struggle to talk about money, even with financial planners.
Scorpios are disciplined workers and not inclined to spend too much money.
But this water sign is also notoriously secretive, which can make talking about money very challenging. This can be a hindrance when trying to plan for your future, whether with a professional or family.
“Financial planning requires transparency and trust from all parties involved,” Badillo said.
But it will probably benefit you if you can open up a bit.
“As most financial planners would agree, we act as financial therapists just as much as we do financial planners,” Badillo said. “We listen and empathize and build trust and rapport with our clients so that they can feel safe and comfortable… The more information we have regarding their financial lives, the more effectively we can assist them with living their best lives.”
A Sagittarius values experiences over objects.
If you’re a Sagittarius, there’s a good chance you place a lot of value in freedom — and you probably love to travel.
You’re probably more interested in experiences and adventures than material objects.
A Sagittarius tends to be quite impatient, which can lead to you not always making the best money decisions. To avoid overspending, take a little more time to do your research for the best deal before simply booking the first plane ticket or hotel that you see.
“Until you learn how to manage your resources, it may be difficult for you to fulfill some of your more dearly held dreams,” Dempsey wrote. “Try treating money management like a learning opportunity — you’ll be more open to the experience.”
Capricorns judge people who make extravagant purchases.
Capricorns are disciplined, organized, and resourceful, making them natural money managers.
But their natural self-control can sometimes make them a bit judgmental of others who don’t exercise the same restraint, particularly when it comes to money.
As a Capricorn, you’re the last sign to make impulse purchases. Just remember that you can treat yourself sometimes — and you shouldn’t judge others for doing the same.
“Just resist the temptation to confuse your financial wealth with your personal value— the two are totally unrelated,” Dempsey wrote at Daily Horoscope.
An Aquarius may be too generous with their money.
As an Aquarius, you are one of the most creative signs of the zodiac, and sometimes a bit dreamy. You are also quite generous.
Just be careful not to be too generous with your money — to your own detriment.
“I’ve dealt with many clients who are very generous,” Badillo told INSIDER. “They key is to help them get their financial house in order first by explaining that they can give back far more effectively by organizing and optimizing their financial lives first.”
When your own finances are in order, you can indulge your altruistic desires by supporting family, donating to charity or a religious organization, or whatever it may be, Badillo said.
A Pisces likely doesn’t care about money — which can be a bad thing.
If you’re a Pisces, you probably don’t care too much about money; there are much more important things in life. But this lack of interest can mean you’re not the most practical when it comes to your finances.
“One doesn’t necessarily need to ‘care’ about money, but everyone does need to understand that it’s a tool that can be utilized to help live our best lives,” Badillo told INSIDER.
The key for Pisces is to out how to use their money in a way that matters most to them.
“Once they understand that this can be accomplished, they tend to care much more about, not just making money, but about how they are using their money,” Badillo said. “For example, for clients that care about investing in companies that are energy-efficient or don’t produce alcohol, tobacco, or firearms, we may take advantage of Socially Responsible Investing (SRI) or for those that are charitably inclined we may advise opening a Donor-Advised Fund (DAF).”