When it comes to sorting out your personal finances, it’s normal to feel a bit lost.
But would you turn to the stars for help?
According to a new bit of research from Barclays, it turns out a lot of us would.
Their new study found that an estimated 10.2million Brits are looking to horoscopes to help guide their financial decisions, with 32% of the 2,000 people surveyed believing the power of the planets has some impact on their money.
The majority (55%) of those who read their horoscopes admit that they’ve used that to influence a decision about their finances.
It’s not just the daily forecast that’s having an impact, of course.
Many people believe their star sign has a say in their relationship with money.
The majority (66%) of Aquarians, for example, say they feel in control of their money management, while 68% of Virgos are most likely to meet the financial goals they set for themselves.
By comparison, Sagittarians feel most out of touch with their finances and avoid looking at them, while Leos are the happiest about their financial situation.
Expert astrologer Francesca Oddie shares the money-related traits of each star sign below…
What star sign are you?
- Aries: March 21 to April 20
- Taurus: April 21 to May 21
- Gemini: May 22 to June 21
- Cancer: June 22 to July 23
- Leo: July 24 to August 23
- Virgo: August 24 to September 23
- Libra: September 24 to October 23
- Scorpio: October 24 to November 22
- Sagittarius: November 23 to December 21
- Capricorn: December 22 to January 21
- Aquarius: January 22 to February 19
- Pisces: February 20 to March 20
Everything you need to know about your star sign
If you’d like to know your zodiac sign’s dates, personality traits, and compatibility – as well as some famous people who fall under that star sign – we have rundowns on each. Check them out:
Aries like to invest in themselves, take a few calculated risks and enjoy trying new ways to keep their finances flowing.
Natural entrepreneurs, Aries has the ‘early bird catches the worm’ approach to life. Aries understands that money moves through your life as quickly as you are willing to move it.
The sign most associated with money, those of us with planets in Taurus know how to earn, save, spend and generate wealth.
Calm and patient, Taurus understands how to invest and they also have a level headed and steady approach to life so will not panic buy or sell during market fluctuations.
Gemini is intelligent and has many varied interests, which could lead to them spending money on lots of different ideas and people.
They might like to invest a small amount in stocks, another pot in an easy access ISA in case they change their mind.
Gemini is ruled by Mercury and has a quicksilver approach to life and their money.
Cancer is ruled by the moon and loves to feel secure, which is why Cancerians are the ones most set on making 2021 the year that they master money management.
That being said, Cancer is not absolutely risk averse; with 31% of Cancerians admitting that their emotional nature means they’re often tempted by the latest deals.
Leo is a natural leader, charismatic, and they give their energy and wealth freely as part of their identity.
Leo understands abundance and like their fellow fixed sign Taurus, prefers quality over quantity.
Leo will spend on their business, they will invest in themselves, their staff, their equipment and their people.
Virgo is frugal and savvy, the ultimate bargain hunter. Virgo relishes in detail and they keep their eyes on the pennies, which is why 68% of Virgos said that they often meet the money goals they set for themselves.
Virgo is thrifty, they can make a little go a long way, they fully understand the concept of saving for a rainy day.
They don’t waste time or money, but they might miss the big investment opportunity while they are trying so hard to stay in control.
Libra is an air sign and less concerned with the material world, far more concerned with ideas, charm and aesthetics.
Libra will spend their money on matching outfits, cosmetics items and on the people they love.
Libra is the sign of the partner, so they may let someone else manage their finances entirely, whether it’s their business partner, lover or investment manager.
Scorpio is the master at detail and control, a forensic sign who understands energy, financial rhythms and the power of wealth.
Scorpio understands what is worth investing in and they have innate power to encourage others to invest in them.
Scorpio will usually be financially savvy and they have an understanding for what might work.
Scorpio is not a frivolous sign, far too astute and interested in depth the hidden truth to spend their money on anything that might lose its value.
Sagittarius is a natural gambler; they have faith that life will deliver and, therefore, they spend on whatever they want, whenever they want it.
Just like fellow fire sign Leo, there is a generosity of spirit to Sagittarius that extends to everyone they meet. The downfall of Sagittarius is assuming that everything will be OK and spending with the continued belief that the money tree will continually provide.
The ultimate professional who does everything by the book and is immensely money focused.
Capricorns understand timing, patience and that investing is a long game. They are incredibly security focused and they prefer to stick to traditional investments, as advised by a finance professional and seek-out qualified, reliable, tried and tested methods of saving.
Aquarius are interested in ideas, innovations and new ways of handling their finances. Truly entrepreneurial, Aquarius is more interested in getting an idea to work than getting an idea to be profitable.
Finances are someone else’s problem (frequently those of a business partner or accountant), despite 66% feeling in control of their money management.
Pisces is a water sign and synonymous with the artists, musicians, yogis and creatives of this world.
Not usually associated with people who have brilliant financial wisdom, their talents and ability to pursue dreams and succeed is not to be overlooked. The material world doesn’t interest them, so Pisces trusts the universe to always provide.
Now, while it’s OK to put some faith into your horoscopes, it’s important not to leave your finances entirely up to the stars.
You do actually need to keep an eye on your income and outgoings to stay on top of your money.
Dr Peter Brooks, chief behavioural scientist at Barclays has some more practical advice for anyone wanting to sort out their saving and spending in 2021.
‘We can all end up feeling like our money controls us rather than us controlling our money,’ says Dr Peter. ‘A great exercise is to take a look at your account and use the spending features in your app to see how much of your money is going on different categories.
‘When you see this brought to life, it may well be you decide you want to change some of your habits that were draining your bank balance more that you realised!
‘If you are naturally more of a saver, you might find that there are things you really enjoy that you might want to spend a little more on.’
Basically, you do need to stop thinking of yourself as a passive participant in the world and take some responsibility for your money situation. Take a proper look at your finances and take action to sort out the issues.
Talk about it
There’s still a lot of shame around struggling with money – but we need to smash that stigma.
‘It can be really helpful to talk about your situation with money and to get other people’s perspectives,’ says Peter. ‘Whether it’s with your partner, family, friends, or going to speak to someone impartial like a Barclays Money Mentor, starting to talk about money is the first step to getting more control and feeling more positive about your plans.’
Press pause on impulse buying
Peter says: ‘If you find that you often hit buy on something on a bit of a whim, it’s time to take time to think about that purchasing decision.
‘Leaving as little as half an hour from seeing something, to committing to buying it can give you that opportunity to step back and think, do I really want or need this?
‘You can also use tools such as ‘turn off remote spending’ to stop yourself being able to buy in the tap of a button, or set yourself spending limits if you want that extra control.’
Don’t just wait for a big batch of income to save – little and often is the way forward.
‘People tend to be much better at saving windfalls of money rather than making saving part of their regular budgeting,’ Peter notes.
‘But getting a windfall doesn’t have to mean winning the lottery.
‘Why not move any refunds you receive, or money you save from saying no to temptation, or the cost of subscriptions you cancel straight over to separate savings pot where you can keep it ready for a rainy day, or keep growing it towards a future goal.’
‘Don’t be afraid to future gaze and start thinking what you might want a year, or even 10 down the line,’ says Peter. ‘Once you know what your goals are, you can start taking steps towards achieving them.
‘Tools like Barclays Savings Goals can be a really helpful way to separate the money out for your goals and help you work out what you need to save on a daily or monthly basis to reach your target.
‘You can also use the app to set up standing orders on pay day, so a sum of money goes directly to your savings account the moment you get paid – meaning that you won’t notice it’s gone.’
How long will it take you to save your goal?
How much you’d you like to save£
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