Chinese New Year 2015 is here and there’s no better way to celebrate than coming up with great ideas for saving money.
The Chinese New Year represents the first day of the first Chinese lunar month in the Chinese Lunar Calendar system. This year, the Chinese New Year falls on Feb. 19, 2015.
The New Year is celebrated grandly, starting with the New Moon on the first day of the new year until the full moon 15 days later (on the final day, the Lantern Festival occurs). Known as a family and community affair, it is the longest and most important festival in the Chinese calendar.
Chinese New Year 2015 is the year of the sheep (also known as ram or goat). Eleven more animal signs are used to complete the 12 branches of the Chinese calendar. Each sign comes with its own set of personality traits that makes it unique.
So what’s the connection between the Chinese New Year and money? Well, each animal sign in the Chinese zodiac represents a different personality type with unique characteristics that dictate how a person born under the sign approaches life.
By learning more about the characteristics of your animal sign, and understanding your personal money management tendencies, you could make financial improvements based on that knowledge.
Which Chinese Signs Are Good With Money?
Now that you know about the Chinese New Year, let’s take a look at the 12 Chinese New Year animals represented in the zodiac, along with the characteristics that could dictate their financial personalities:
1. Rat, Mouse
Birth years: 1900, 1912, 1924, 1936, 1948, 1960, 1972, 1984, 1996, 2008
The rat is the first sign in the Chinese calendar and represents progress, exploration and insight. People born under this sign are known for being charming, intelligent and innovative, the latter benefiting the rat particularly in business.
Financial personality: thrifty. The rat is among the thriftier signs on the Chinese zodiac. This means its great for them to take advantage of that natural inclination toward saving money by searching for great deals, using coupons and opening a savings account that will help them save money and grow it.
Birth years: 1901, 1913, 1925, 1937, 1949, 1961, 1973, 1985, 1997, 2009
As the second sign in the zodiac, the ox is considered the stabilizing force that perpetuates the life cycle. It represents integrity and abides by the laws of nature. People born under this sign are known to be dependable, calm and methodical.
Financial personality: cautious. The ox believes in security and therefore, does not believe in taking wild financial gambles. Those born under this sign can take advantage of this personality trait by participating in the safer aspects of investing, such as bonds or even certificates of deposit.
Birth years: 1902, 1914, 1926, 1938, 1950, 1962, 1974, 1986, 1998, 2010
The tiger is one of the more adventurous signs in the zodiac. It loves to blaze new trails and seek the unattainable. People born under this sign might be a bit impulsive, relying more on instincts for guidance than plans.
Financial personality: spender. The tiger is known for being a sign that loves to spend money and take financial risks. The idea is to take chances in hopes of doubling money. Because they are also known for being quite lucky, taking chances often works. But to have the best of both worlds, remember that creating a well-rounded portfolio ensures gains over the long term.
4. Rabbit, Hare
Birth years: 1903, 1915, 1927, 1939, 1951, 1963, 1975, 1987, 1999, 2011
The rabbit is said to be in tune with the pulse of the universe, continuously aligned with harmony and inner peace. Soft-spoken, graceful and elegant, this sign is naturally reserved and a bit artistic, yet is known for being very lucky in business.
Financial personality: security seeker. Rabbits enjoy seeking security through their finances. Whether they’re buying a home, or furniture and gadgets to fill it up, they are looking for ways to make their safe haven comfortable. Since rabbits are into gadgets more so than making investments, it’s good to focus on how to save money on purchases. Take time to examine the best rates available on cars and homes while seeking discounts on other items to avoid overspending.
Birth years: 1904, 1916, 1928, 1940, 1952, 1964, 1976, 1988, 2000, 2012
The dragon is fired up about life, carrying energy and a heroic heart. Filled with vitality and strength, dragons are able to accomplish great things in life while always maintaining loyalty to friends and family.
Financial personality: non-saver. There are people who save and people who don’t. Dragons fall into the latter category, never really caring about accumulating money. Instead, like tigers, they would prefer to gamble and take chances. While accumulation isn’t a big deal, the stock market could serve to be a thrill for the dragon, as long as diversification (both safe and riskier investments) is the name of the game.
Birth years: 1905, 1917, 1929, 1941, 1953, 1965, 1977, 1989, 2001, 2013
The snake is known for showcasing wisdom and continuously seeking purpose. Often the philosophers, theologians and deep thinkers of the world, snakes gravitate toward the inner depths of life.
Financial personality: risk taker. On the financial side, the snake is considered a bit of a risk-taker, not afraid to jump head first into a financial deal — or even a shopping spree — without thinking about what’s at stake. A great way to avoid overspending is to place money into savings accounts with low liquidity like high-interest savings accounts or certificates of deposit.
Birth years: 1906, 1918, 1930, 1942, 1954, 1966, 1978, 1990, 2002, 2014
The horse loves to run free in his beautiful pasture. Unable to be contained, people born under this sign represent perpetual motion and are moved by electric fluidity. They are also known for being cheerful, quick-witted and unpredictable.
Financial personality: what’s money? Horses don’t think too much about money since it doesn’t constitute happiness or well-being to them. This trait is great for avoiding overspending. However, saving might not be on the horse’s radar either, which means in order to put money away for retirement or other long-term goals, horses might benefit from a trustworthy financial advisor who can handle these tasks.
8. Sheep, Ram, Goat
Birth years: 1907, 1919, 1931, 1943, 1955, 1967, 1979, 1991, 2003, 2015
People born as sheep are known for being sincere, gentle and compassionate, while showcasing tremendous creativity and artistic ability. Sheep are generous and have great luck. Some might even encounter fortune in their lifetime.
Financial personality: money and beauty lover. Sheep have a love affair with beautiful things and enjoy spending money on material possessions like clothing and accessories to ensure they always look good. The key for sheep is getting them to view a growing savings account as a beautiful item just like a new watch or fancy outfit.
Birth years: 1908, 1920, 1932, 1944, 1956, 1968, 1980, 1992, 2004
The monkey is the ninth sign in the Chinese zodiac. Known for being brilliant and able to achieve the impossible, individuals born under this sign make great inventors, motivators and even magicians.
Financial personality: spender. Like the tiger and dragon, monkeys are not big on saving money. Instead, they like to spend big. It’s recommended that monkeys save for emergencies whenever possible since money is always burning a hole in their pockets.
Birth years: 1909, 1921, 1933, 1945, 1957, 1969, 1981, 1993, 2005
The rooster is known for clockwork and precision (much like the actual animal). Self-assured and a bit aggressive, the rooster is an exacting taskmaster who is known for dedication, organization, decisiveness and meticulousness.
Financial personality: advisor. As you can imagine, being so precise, the rooster is not only known for managing money well, but offering others fantastic financial advice. But, on occasion, the rooster has a reputation for spending too much, in which case its good for him to settle down and reevaluate his choices.
Birth years: 1910, 1922, 1934, 1946, 1958, 1970, 1982, 1994, 2006
The dog is the protector of justice and champion of equality, always living from a place of honor and never succumbing to cowardice. People born under this sign are likable, due to their animated, unpretentious nature; however, can be guilty of bouts of laziness.
Financial personality: secret saver. You might see the dog spending money freely without realizing that he likely has a hidden savings account with money set aside. On the whole, they are hard workers who save for the future, making their money management capabilities very sound.
12. Boar, Pig
Birth years: 1911, 1923, 1935, 1947, 1959, 1971, 1983, 1995, 2007
The boar is known for honesty, simplicity and courage, and is bonded to all mankind by goodwill and fellowship. While the boar might appear rough on the outside, internally he is gentle and kind with loyalty being a strong trait.
Financial personality: thrifty spender. Boars can be both thrifty savers and big spenders. While they are moved by brand names and beautiful items, they are also good at finding beautiful gems in thrift stores or vintage shops. Because they can be big spenders, it’s good to set money aside for a rainy day as we all have to do from time to time.
It’s fun to examine the signs associated with Chinese New Year animals, particularly when looking at financial personalities. If you find that your personality is similar to that of your animal sign, it’s good to know there are ways to ensure your ability to spend, save and grow money responsibly is always intact.
Photo credit: IQRemix