How Mature Are You? Can You Handle Your Finances Well?

If I were to ask you this question, “How mature are you?” You could perhaps answered me, “Well , I am able to think for myself independently and able to differentiate from good from bad. I am also able to take care of myself well enough. I should be pretty mature.” However what if I turn this question into the perspective of you handling your money, are you able to confidently replied me that you are able to:

1. Differentiate between good and bad debts?

2. Able to allocate your resources (paycheck) well?

3. Able to take care of yourself by saving enough for retirement?

4. Able to build your own safety net to have some sort of protection (buying insurance) to cover yourself in times of crisis?

How do you fare in these questions then?

Financial Maturity

Recently, I read a book authored by Sean Seah ” Financial Joy”. In a segment, he defined maturity into various stages as below:

1. Financial Adult – He/she will take first 10% of his salary to save and invest into buying assets that able to provide you with a stream of passive income. This group is believed to become very wealthy eventually.

Personally, I would like to add that people in this group will also be able to mitigate the damage in times of crisis by having adequate protection and emergency funds on hands. Most likely they have a few steady streams of income that funds their retirement age. They are on their way to financial freedom, where your income is larger than your daily needs. If lucky or well plan, they could even reach the stage of having financial abundance, where your income is much larger than your desired lifestyle.

2. Financial Young Adult – He/She will pay their bills and save the remainder. Those in this group are responsible people and they will not get into much financial trouble as long as things remain stable.

Personally, I would like to add that I believe majority of people falls into this category. Everyone will know the importance of saving but not investing. Many still prefer to safe keep their money in bank account which pay interest rate of less than a percent. By doing so, they are having their wealth being eroded away by the force of inflation. Hence, their concern will always be how much is enough for retirement? 

3. Financial Teenagers – He/She will spend whatever they make and wait eagerly for the next pay check.

Personally, I would like to add that this group of people are bound to be trap in the rat race forever unless they change their financial habits. By spending every single cent they made, their greatest concern will always be ” what if something happened?” They are bound to work as if they stop working, their mouth will stop feeding. When in times of crisis in which they need a huge sum of money to tide over, they will find themselves struggle to stay above water. 

4. Financial Babies – He/She will spend more than what they earn!! Such as overspending their credit cards and sometimes unable to pay on time. They will then resort to find “creative” ways to cover the credit cards debt by borrowing from somewhere else.

Personally, I do hope that spectra of life readers do not belong to this group. Even if you are, please allow me to knock some sense into you so to change your spending habits!! It is not only unhealthy but also you are digging your grave to expedite your death! Sorry for being crude, but I couldn’t emphasise enough by saying the danger of having loads of consumer debts. Credit card loan interest is at 24% per annum. At this rate, your debt will snowballed into an uncontrollable size if you do not mitigate the situation on time. You have to learn to take care of yourself financially so please take appropriate action if you are really belong to this group.


In this post, we talked about maturity, not your age but is about your way of handling your finances. You should be able to have the maturity to not only protect your wealth but also to grow your wealth! So the next time you receive your pay check, do give a thought on how will you want to allocate your money. For your reference, you can refer to this post, for an idea of how you could allocate your money into various money jars!

14 thoughts on “How Mature Are You? Can You Handle Your Finances Well?

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    • Hi,

      Many thanks for your lovely comment.
      This blog is setup solely by myself for educational and sharing purposes.

      Yes, I will continue my sharing on spectra of life. Do visit often and feel free to comment and share with me too! 🙂


    • Hey there, thanks for your kind comment. I am glad that you find the articles useful to you. 🙂
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    • Hi there, I would not say my blog is an established blog. But still I thank you for visiting!

      I can share with you some tips for setting up a blog. You do not need to be very technical to start up a blog.
      Blogging platforms such as wordpress do provide new user an easy interface in getting a blog started. There are video tutorial to guide you through.

      However, apart from being technical, I would say that the more important aspect of blogging will be the content. You will need to have good content written in order to captivate your readers and to grow your readership. Do spare a though on this too!

      Last but not least, have fun, you must enjoy the process of blogging too! 🙂


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