Making Cents: Money matters and your star sign
THIS WEEK for a bit of fun, and because it was my birthday on Monday, I’m going to go from financial advisor to astrologer where I’m going to read your stars, to see if your zodiac sign has any influence on your finances.
So, if your star sign is Aries is it true that all you do is spend, spend, spend and all those Scorpions out there, do you really have secret hordes of cash that your partner doesn’t know about?
And just to say in my defence that what I’m going to outline is based only on research from what a number of professional astrologers have said about money and star signs. I can’t claim to have any knowledge or insight as to whether they’re accurate or not.
Aries
Apparently, all you Rams are careless about your finances.
All you do is spend, spend, and spend some more without ever worrying about how much you’ll be left with. You find saving difficult because you hate to budget and if you see something you want, you just buy it and worry about the cost later. This means that you are attracted to risky investments especially if you think it will double your money quickly.
Taurus
You on the other hand are very good at saving money.
You like safe investments and you want to create security for you and your family. If you ask a Taurus do you have your emergency fund in place, the answer is, absolutely. That doesn’t mean that you don’t enjoy the off splurge when you can afford it though. You love investing with the likes of An Post because you are attracted to safe investments that pay off nicely over the long term.
Gemini
I am a Gemini and given that this is the sign of the twins, we either like to save it or spend it, there’s no halfway house with us.
Geminis should consider working with a financial advisor who may give us the advice and practical approach we need that will help us manage our finances better. And as much as a Gemini might spend, we are always searching for the best deal or how to get the most savings out of any purchase.
Cancer
This is the sign that has establishing financial security at its core.
You feel more at ease and secure when you know that you have something to fall back on should something unexpected happen. You would prefer to buy a property than rent because you were taught at an early age how important money and saving is and a solid home is truly where your heart is. One word of advice though is not to forget to spend a little here and there on yourself as well.
Leo
Saving money can be an issue for this sign because you have champagne tastes.
You like luxury and enjoy treating yourself to whatever catches your eye although in your defence you enjoy treating others as well. You are known to be a big spender, but you are a spender with a heart. You would rather invest in the stock market than in standard investment accounts because the bigger the risk the bigger the reward.
Virgo
This sign is very practical, cautious, and hardworking, and you tend to take a similar approach to your finances.
So, building up your savings, putting money into your pension and making other plans for the future are not a problem for you.
Virgos are very frugal and will save every penny they make which is why more often than not they are very financially secure. When someone asks them to open up an account or take out an investment policy the first thing they will do is read the terms and conditions.
Libra
You love treating yourself and your friends like an evening out or on a meal in a fancy restaurant.
Which means you end up spending a lot of your income on personal luxuries, such as designer clothes, a nice car, or things for your home. Your problem when it comes to money is that you can’t make a decision which means some very solid investment opportunities pass you by as you struggle to make up your mind about whether to proceed. So, you should consider hiring a trustworthy accountant or financial advisor who can help make the decision for you.
Scorpio
If you are a Scorpion then you are lucky because money comes easily for you, since your sign is associated with inheritances and winning things.
When it comes to investing you are shrewd and instinctively you know when someone is advising you or trying to sell you something for their gain. You will not be rushed and will seek out advice from people you trust and then when the time is right you will make your move. And if your partner is a Scorpion then beware because they are very secretive and are probably keeping secret stashes of cash around your home or have investments or savings accounts that they keep hidden from you i.e. their runaway money.
Sagittarius
The sign of the Archer is ruled by luck so it’s no surprise that you love a gamble.
Generally speaking, you have an easy-come, easy-go relationship with money, and you don’t tend to worry too much during lean times, since you always feel optimistic that money will come your way when you need it.
You are good with money but don’t take it for granted, because if you don’t it could lead you into debt, so if you are born under this sign be sure to be aware of how much you make, save, and spend.
Capricorn
You are a natural at saving money, it comes easy to you.
People will think you still have your communion money because you are so good with money and maybe you still do. You don’t see the point to buying new clothes or eating out that often. Although you do enjoy spending money on items that reflect your success, like a big car. And when you do loosen the purse strings you will always make sure you get the best possible deal because saving money is always on your mind.
Aquarius
You are very good natured and tend to donate a good portion of your income to charities or causes you believe in.
You don’t like to watch others live in poverty while you live in comfort, and you aren’t one to jealously guard your cash, so sharing it with others comes naturally to you. When it comes to investments you like investing in things like wine, stamps, anything unique and inventive that others might think are too risky, but you’re savvy enough to know which ones will pay off over time, so you might not be investing in your brother in laws start-up company either.
Pisces
You are not very practical when it comes to your finances, so saving money is hard for you.
You get yourself into situations where you’re paying more than you can afford to, to support someone else as well as yourself. You don’t like dealing with money issues and you are the type to ignore debt or other problems, hoping they will magically disappear. It might be a good idea for you to seek help and seek it out sooner rather than later but be careful don’t let anyone take financial advantage of your compassionate nature.
Liam Croke is MD of Harmonics Financial Ltd, based in Plassey. He can be contacted at [email protected] or www.harmonics.ie