What’s Your Financial Personality? Take This Finance Quiz to Find Out.
1. You receive a bonus of $1,000. You:
a. Immediately spend it all on that gorgeous handbag you’ve been coveting.
b. Put 50% in your 401K, 20% in savings, and spend the other 30%.
c. Put 100% of it into your retirement account.
2. When shopping, you:
a. Buy what you want when you want it.
b. Have a realistic budget in mind, and you don’t go over by more than 10%.
c. Only shop consignment, clearance or triple-coupon week .
3. You’ve finally found your dream house. The problem is, it’s over your budget. By a lot. You:
a. Buy it anyway with little money down and pay mortgage insurance. It’s worth it to live in the house of your dreams.
b. Start saving more money so you can own it…someday. In the mean time, you work on making your current home a lovely as you can.
c. Never even consider purchasing it unless you can pay cash.
4. The breadwinner in the family loses his/ her job and receives 3 months of severance.
a. You use that money to go on a much-needed vacation.
b. You cut costs where you can, look for a new job and head to the unemployment office the minute you qualify.
c. You immediately move in with your parents and start auctioning off your belongings.
5. You’ve inherited some credit card debt. You:
a. Might as well use the credit card to make a few more purchases.
b. Pay the minimum amount plus as much extra as you can each month until it’s paid off.
c. Pay the balance in full today.
***************************************************************************
See below to find out your financial personality. If you answered:
Mostly A’s: The Economy-Stimulator. You spend enough to single-handedly change our economy. Hopefully, it’s because you have enough saved for an emergency fund, retirement and college tuition. If not, perhaps you should curb the spending a bit and start focusing a little more on saving for a rainy day.
Mostly B’s: The Healthy Balancer. You seem to have it figured out. You’re making smart financial decisions while still living a little. As long as you have a regular source of income, you’re on track to retire on time, and you’re building your emergency fund, there’s no need to change a thing.
Mostly C’s: The Cash-Stasher. You don’t need a lesson on the benefits of saving for retirement, a rainy day or your children’s college. Way to go! Your discipline is admirable; just don’t forget to live a little. It is okay to spend some of your money.
Leave a Reply