So, does your money prove to be a herculean task no matter how many money management books you devour? Well a new study has found that there might be a relation between these two factors. Well, it’s time to say goodbye to your nice self. Yes, you have heard it right. Being a nice and agreeable person is equal to the less money in your bank account and this is why science is actually backing the claim on this one.
However, if you can relate with the two traits then you have been affected with what is known as agreeableness. Whereas, people afflicted with this personality trait are helping others up and taken them as high priority than themselves even when they have a weak bank balance.
In other words, altruism is bad for those numbers popping up on your bank account and that is what the studies conducted by the journal of personality and social psychological says:
Sympathy is negatively related to savings, and that relationship might be partly mediated by the fact that sympathize people assign less value to money than do their disagreeable counterparts, as they care less about money and are more prone to money mismanagement.
This information and data has been collected from three million people through surveys, bank account data, and other information available publicly. Furthermore, the study also found that higher levels of agreeableness were directly proportional to bankruptcy. You can be nice and have a workable finance that you need to attend to your own needs first to build up your finances so that helping others won’t heavily knock down numbers from your bank balance.