By M Katie Helle, CPA –
When it comes to money, how we handle our finances reflects whether an individual is responsible or a risk taker. Neither one of these two classifications is necessarily bad. It simply means your goals on money matters may be different.
The responsible individual is conservative with their money and not willing to take risks. This type of individual would have a budget set and stick to it. They are perhaps new to the workforce and are trying to get their bearing with their finances.
The risk taker is going to be willing to take more financial risk. They are more comfortable with their finances but also willing to risk more in an effort with earn more. The risk taker perhaps may be one to dapple in the stock market.
Every individual comes into a season in their life and may be willing to take more risks at certain points. At the end of the day, it is very important to weigh the risks and the benefits before risking it all. There also may be a happy medium where you can be a little of both.
Below is a helpful article to learn more about improving how you might handle your finances.
https://www.credit.com/blog/how-to-become-more-responsible-with-money-85900/
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Katie Helle has been in public accounting since 2009, with experience in individual and small business taxation, specializing in payroll and sales tax reporting and compliance and QuickBooks accounting software. She is an Arizona native and resides in Chandler, Arizona with her husband, young daughter, and two goldendoodles. Outside the office, she is actively involved with community outreach, enjoys fitness, and can be found with a power tool or two in her hand for her many crafts.