1. When it comes to budgeting, I prefer:
A. Detailing every little expense to control my spending.
B. Having a rough estimate of my expenses and income.
C. Not worrying too much about budgeting and just spending money.
2. My attitude towards debt:
A. I avoid debt as much as possible.
B. I accept debt as a part of life, but try to manage it carefully.
C. I tend to make impulsive purchases and end up with significant debt.
3. When I receive an unexpected windfall, my first instinct is to:
A. Invest it.
B. Save it.
C. Spend it on something fun or indulgent.
4. When faced with an unplanned expense, I usually:
A. Try to find a way to cut back my spending to cover the expense.
B. Dip into my emergency fund or use some of my savings.
C. Use credit or borrow the money to cover the expense.
5. When investing, I am:
A. Risk-averse and prefer stable, low-risk investments.
B. Willing to take moderate risks for higher returns.
C. Comfortable taking on high risks to potentially earn high returns.
6. My attitude towards money is:
A. I see it as a tool to achieve my financial goals.
B. I see it as a means of survival and security.
C. I see it as something to enjoy and indulge in.
7. When it comes to long-term financial planning, I:
A. Have a detailed plan that accounts for all major life events.
B. Have a general idea of where I want to be financially but haven’t made a detailed plan.
C. Haven’t thought much about my long-term financial goals.
8. My spending habits can best be described as:
A. Extremely careful and frugal – I only buy what I need.
B. Moderately cautious – I try to save where I can but don’t deprive myself.
C. Impulsive – I often make hasty purchases without thinking them through.
Now add up the number of A’s, B’s, and C’s you chose to see which money personality best fits you.
– Mostly A’s: You are a saver. You have a careful and cautious approach to your finances, focusing on budgeting, saving, and investing. You prioritise long-term financial stability over short-term indulgences and are willing to make sacrifices to achieve your financial goals.
– Mostly B’s: You are a balanced spender. You try to manage your finances carefully, but you don’t deprive yourself of things that bring you joy. You have a plan for the future but are open to adjusting it as needed.
– Mostly C’s: You are a spender. You enjoy indulging in impulse purchases and aren’t too concerned about long-term financial planning. You prefer to live in the moment and enjoy life now, rather than saving for the future.