Think you are good with money? Take our (highly unscientific!) quiz to find out just how good you are. Good luck!
1. Do you have a budget?
a. I track every penny
b. I do not have a formal budget, but I try to be mindful of what I spend
c. What’s a budget?
2. How do you use credit cards?
a. For all kinds of purchases, and my balances are big
b. I use them sometimes, and my balances are modest
c. I only use a credit card in a real emergency
3. When do you buy things you do not really need?
a. Only when I can genuinely afford it, and after carefully considering whether it will add value to my life
b. Whenever I have some spare cash
c. Whenever I want
4. What’s your approach to sales and discounts?
a. If I am going to buy something anyway, I will see if I can get it on sale before buying it at full price
b. I like browsing the sales, but I will only buy things if they catch my eye
c. I make the most of sales by buying as many discounted items as I can
5. When do you buy more expensive items over cheaper alternatives?
a. Only when I think they offer added quality or durability that will save me money in the long run
b. As an occasional treat
c. All the time—I have expensive taste!
6. How are your saving habits right now?
a. I have an emergency fund and am making progress toward my savings goals by setting money aside each month
b. I have got an emergency fund, but I am not making steady progress toward my savings goals
c. I have not got any savings, and have yet to start
Once the reader has completed the quiz, display the appropriate copy as follows
Mostly As
Congratulations, you should teach a class on how to spend money wisely! If you are looking to sharpen your skills even further, check out the following resources:
Budget hacks for a cost friendly wedding
Follow our plan for first-time parent financial success
Are you on track with retirement planning?
Here are some of the best ways for students to budget
How to get your first home loan
Getting married or moving in with your partner? This stress-free guide to financial management will come handy
Five steps to smart budgeting
Top tips for Millennials planning early retirement
How Much Should You be Saving in Your 20s? (note—not yet published)
Great investment options for new retirees
Mostly Bs (or, an equal number of As, Bs and Cs)
You have got some pretty good spending habits, but there’s also plenty of room for improvement. To find out how to get even better with money, check out the following resources:
Are you on track with retirement planning?
Getting married or moving in with your partner? This stress-free financial management guide will help
Five steps to smart budgeting
Top tips for Millennials planning early retirement / How Much Should You be Saving in Your 20s?
Great investment options for new retirees
Mostly Cs
Looks like you have got some work to do to get good with money… but then, you probably already knew that. To get started on learning how to be better with money, check out the following resources:
Follow our plan for first-time parent financial success
Getting married or moving in with your partner? This stress-free financial management guide will help
Five steps to smart budgeting
How Much Should You be Saving in Your 20s?
