Lifestyle Enrichment.

‘YOLO’ is your middle name. You enjoy spending money on upping your lifestyle and enjoying every day – whatever the cost. You tend to live in the moment when it comes to decision making and you prefer not to think too far ahead.

If you’re in the Gen Z or Millennial generation, perhaps traditional finance goals (like home ownership) feel out of reach, and maybe even less appealing than spending on experiences. 

‘Lifestyle Enrichment’s may struggle to relate to people who are thriftier. You place a high value on shared experiences, cutting budgets in other areas to enable this. For some people, this will be the right lifestyle fit for a partner, for others, this could create tension.

Do you speak Lifestyle Enrichment? Here’s how to communicate with others.

• It can be difficult speaking this money language if your loved ones tend to diligently budget, or prioritise saving for their future rather than their present. You may even be made to feel reckless for not saving enough, especially by those who speak Money Know How or Scarcity Mindset. 

• Remind them that just because you’re not investing or saving all of your money right now, it doesn’t mean you won’t in the future. In fact, people’s money language can change throughout their lifetime, whether that’s out of choice or circumstance.

• As shared experiences are important to you, you’ll often find yourself trying to persuade others to go all out so that you can live those moments to the full. Try to appeal to the more organised side of their money language; plan big experiences and trips in advance - giving them a chance to factor it into their budget and potentially find good deals.

• Accept that not everyone likes to be as spontaneous as you, but if you do want to encourage a loved one to seize the day, and you think they can genuinely afford to, it’s worth reminding them that money is there to be enjoyed every once and a while. You can’t take it with you, after all.

Know a Lifestyle Enrichment? Here’s how to communicate with them.

• With Lifestyle Enrichment so focused on living life to the full, it’s not always easy asking this money language to focus on long term saving goals - in part because they don’t always have them!

• If you want to set up a joint savings goal with this money language but you’re struggling, don’t take it to heart - it doesn’t necessarily mean they’re not invested in your relationship or shared future together. 

• To get to the bottom of their saving psyche, try and talk to them about what you’d like to save for. You could share links to articles or social media points that relate to your aspirations, whether that’s a dream house or holiday. If they’re not on your wavelength, try to understand if they feel like they can’t save, or feel like your long term financial goals are out of reach. 

• It’s worth reminding them that when saving, you can start small, get into the habit of saving, and see where it takes you. They could also try subbing just one of their weekly treats for a saving goal - whether that’s transferring £3 for a weekly coffee or cutting back on one streaming subscription. If their bank has a round-ups feature, this can help accrue savings automatically.

• Granted, these small money habits are unlikely to amount to a house deposit anytime soon, but they can get you in the right headspace for saving and taking on bigger saving goals.

How compatible are you?

Lifestyle Enrichments tend to fare well with Extravagant Affirmation and Acts of Finance.

Need a new money habit?

You could consider separating your fun money from your boring money in different Spaces, and set up Starling’s Bills Manager for your essentials.

The article above includes general information and should not be taken as financial advice. If you have questions about your specific circumstances, please speak to an independent financial advisor.