introverts money

Introverts focus a lot on how we can get along in an extroverted world. A lot of the time, when we do this, we talk about introversion as if it is somehow less than extroversion or as if it is a shortcoming. It isn’t! There are many advantages to being an introvert. One of them is that we tend to be much better at managing our money than people who are extroverted. 

Want some examples of how this is true? Here you go!

Introverts Are Cautious Researchers

Introverts are readers and thinkers and, most importantly, researchers. We aren’t afraid to take our time to really look for a good deal. This isn’t limited to making sure we get the best deal on our breakfast cereal. We make sure to thoroughly check out the prices for everything from said cereal to our utilities. For example, those of us who live in deregulated energy markets will go through every single detail, researching the best deal for our cost related to the energy bill, click here to learn more about deregulated energy (that link is for Alberta residents but there are sites for most any city within a deregulated energy market). We’ll also compare healthcare providers and insurance rates. Along with making sure that our money is going to good causes.

Introverts Make Decisions Slowly

In addition to taking the time to research the facts behind our decisions, we are also more likely than our spontaneous extroverted friends, to take the time to weigh the consequences of each decision we make before we make it. Some claim that this makes us “worriers” and, to an extent, that’s true. But, we know that when we make a decision we’re making the right one for us instead of choosing whatever is convenient at the time.

And, to take that “worrier” label and turn it into something positive: it’s true that worriers spend a lot of time thinking about the future and trying to plan things so that everything will wind up okay. This means we are more likely to save for retirement and emergencies than others who tend to “live in the now.”

Introverts Are Observers

We’re more likely to stand back at a party and watch how people interact with each other than to jump into conversations. This tendency to look and watch and notice small details serves us well financially. We’re less likely to be drawn in by a shifty sale. We’re more likely to remember the original price of something that suddenly goes on special. Marketing ploys aren’t as likely to work on us.

Introverts are More Creative at Earning and Saving

Because we would rather work from home or on our own instead of in a busy office space, we are more likely to turn to creative pursuits and freelancing projects for our incomes than our extroverted friends. We’ll also be more likely to test out new methods of independent earning to see if they work. This makes it easier for us to earn an income than extroverts who depend on outside and social stimuli to be productive and focused. And, because we’re thinkers and planners we are more likely to follow our plans and ideas through to fruition, which means we are more likely to both earn and save wisely.

Introverts are Less Likely to Spend Socially

Introverts are happiest in small groups of close friends and at home than out at big (often costly) events. We’re happier ordering pizza for a movie night with our bestie than going out and dropping $30 to see a movie in the theater. Because we’re less likely to go out a lot, we automatically save more money than our extroverted pals who might spend every evening out at pubs or parties. This doesn’t mean we never go out, just that we have more money for social events when we choose to participate in them.

These are just some of the ways that introverts are more financially inclined than extroverts. Have we missed anything? Why do you think that the introverted are better at money?