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How Money Works

Welcome to the How Money Works Podcast with husband and wife team Craig Moser, CFP and Jennifer Moser of Maestro Wealth Advisors. This show will cover all the essential financial and retirement planning elements you need to know to make it to, and through, retirement.

Join us each episode for valuable information on how to avoid some of the common financial pitfalls that others make.

Craig and Jennifer have more than 30 years of experience helping people to retire successfully in the Triad area of North Carolina. Their offices are in Winston-Salem & Greensboro.

If you need any help with your financial or retirement plan, give them a call at 336-448-1086 or visit the website,

Oct 15, 2020

On today’s episode of How Money Works, Craig and Jennifer Moser break down the different personalities of spenders and how those traits could affect your retirement.

YOLO spender

Using the “You Only Live Once” philosophy, these spenders go overboard on lavish expenses and purchases.

These tend to be people who didn’t have much money and then inherited a bunch. They often feel guilty for getting so much money. Some want to give family members a lot of money or spend lavishly. But we always advise them to be careful and plan for the future.

“Don't go buy the RV, the boat and then start getting a suntan machine,” said Craig.


Emotional spender

Had a good day? Go out to eat. Had a bad day? Go out to eat. Stressed and tired? Go out to eat.

“That's me. I’m the emotional spender,” said Craig. “Most people roll their eyes when we talk about budgeting, and I’m one of them.”

But developing a budget is crucial to planning for retirement.


Savvy spender

Savvy spenders, like Jennifer, tend to have a budget, evaluate every purchase, be frugal, only spend when needed, prioritize quality over quantity and spend on experiences instead of stuff.


The miser

Misers believe any sort of spending, even when necessary, is stressful and guilt inducing. Their money decisions are often based out of fear that they won’t have enough. They saved diligently but then are afraid to spend the money.

Craig’s father was an example of this. He experienced the Great Depression and has always been tight with money.


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What we discuss on this show: 

0:44 – YOLO spender

2:22 – Emotional spender

4:46 – Savvy spender

6:38 – The miser