6.10 Quiz “are you a spender or a saver?”

This simple quiz activity will let you know whether you are a spender or a saver by nature, or somewhere in between. Go through the quiz and mark the choice that you feel best describes how you spend and handle money.

1)When you go grocery shopping, do you write a shopping list?

a) never, b) sometimes, c) mostly always, d) always

2)How often do you go socializing?

a) 3-4 times a week, b) 1-2 times a week, c) once a month, d) hardly ever

3)If you have any spare money do you like to spend it:

a) on yourself, b) on your home, c) on children, d) save it for the future?

4)If you have lots of change, how do you get rid of it?

a) You spend it, b) You give it to someone as a tip, c) You give it to your children, d) You save it in a piggy bank to let it build up.

5)Which of the following best describes your feelings about money?

a) If you’ve got it you spend it. b) Your outgoings are always more expensive than your income. c) You try to save a little money each week but usually end up having to spend this money on unexpected bills. d) You save a little each week or month regularly.

6)If your cooker breaks down, what will you do?

a) Go without - I don’t have money to buy a new one. b) Buy one on credit. c) Get help from social security. d) Buy one – you always have money for emergencies.

7)You inherit $1000. What do you do with this money?

a) Treat yourself. b) Buy presents for your friends and family. c) Save it. d) Pay off your debts.

8)How many of the following do you owe: a pension, investments, shares, credit cards, a savings account, a cheque account, household insurance?

a) You have 0-2, b) You have 3-4, c) You have 5-6, d) You have 7.

Keys to the quiz “are you a spender or a saver?”

Mostly a’s.If you fall into this group you find money tends to disappear as quickly as it appears. You like to treat yourself and think that life is for living, so whilst you can afford it or have no commitments you will enjoy yourself. However, be careful that too much living for the moment doesn’t mean getting into debt.

Mostly b’s.People in this group like to spend some money on themselves and family but sometimes the money just won’t go round. It might be worth thinking about how you could reduce your outgoings and perhaps be a little less generous to others and save this money instead.

Mostly c’s.You are normally OK with money and have got quite a good balance between saving and spending, although at times you can be caught out. However, you do think about saving and have at times got some money you can fall back on when you need to.

Mostly d’s.You are very good with money. You may not have thousands of pounds stashed away in the bank but you do try to put some money aside for middle and long term plans. However, you sometimes may feel as if you are saving for the future and not enjoying the here and now. Sometimes a little enjoyment does us all good and perhaps balancing this out a little more may make saving feel much more worth it in the end.