Money Types Quiz

What’s your money type? Complete our quiz to find out…

1    How would you describe your relationship with money?

a)    It’s a love-hate relationship. I love spending it but hate the bills!
b)    It slips through my fingers – there’s never enough.
c)    I love money and plan to be seriously rich.
d)    More would be nice, but I’m careful with what I’ve got.
e)    I couldn’t bear to lose the money I’ve got.

2    Congratulations, you’ve had a baby! Here’s £50. What will you do?

a)    Go and buy some designer booties
b)    Nappies – they get through them so quickly.
c)    Buy shares for the baby.
d)    Put the money into my baby’s Child Trust Fund.
e)    I’d put it in my savings account.

3    How does shopping make you feel?

a)    It gives me a buzz. A little treat now and then can’t hurt.
b)    Excited but if I spend too much I feel a bit guilty afterwards.
c)    Frustrated that I can’t have everything I want.
d)    Satisfied at being able to afford what I need.
e)    I’m not a fan and I’m often horrified by the high price tags..

4    How do you feel about borrowing money?

a)    If they’re prepared to lend it, I’m happy to borrow it.
b)    I have to borrow to get by, which is a worry.
c)    I need to borrow money to make money.
d)    I’ll borrow money if I have to but only if I can pay it back quickly.
e)    I’d never borrow! Interest is money down the drain.

5    How do you feel when your credit card bill arrives?

a)    Panicked. Sometimes I can’t even bear to open the envelope.
b)    I get that sinking feeling – it’s usually a more than I’m expecting.
c)    I know I’ll have debts but it doesn’t matter – I know I can pay it off later.
d)    Fine. I know what I’ve spent and I’ll be paying it all off straight away.
e)    I don’t have a credit card. I don’t spend I don’t have.

6    Saving money is:

a)    Boring. I want to live for today.
b)    Something I know I should be doing and I do sometimes
c)    A waste of time. You have to take risks to make real money.
d)    Important. I always try to have some money set aside for a rainy day.
e)     Very important, I save as much as I can each month.

7    If you won £100,000 on the Lottery, what would you do?

a)    Blow the lot in a fortnight.
b)    I’d try to save half, but would spend most on treats for my family
c)    Start my own business.
d)    Save a big chunk and have fun with the rest.
e)    Save every penny there’s nothing I need urgently.

8    You’re having a birthday bash, what are your plans?

a)    Call in a fantastic caterer and crack open the champagne.
b)    Pick up party food from the supermarket.
c)    Book a flash restaurant and hope someone will offer to pay for my meal.
d)    I’m going to cook up a storm and buy in lots of drinks
e)    Ask everyone to bring food and drink to share.

9    By the end of the month…

a)    I’ve got no idea what I’ve spent, but it’s bound to be more than I’ve earned.
b)    I haven’t a clue if I’ll be overdrawn… I seem to get by though.
c)    I’ve borrowed from family and friends – but only until things work out.
d)    I have enough left in the bank for emergencies.
e)    I’ve managed to save even more than last month.

10    What plans do you have for your retirement?

a)    I don’t want to think about getting old.
b)    I know I should have a pension but I haven’t got much to pay into it.
c)    I’ll retire once I’ve made a few million.
d)    I have a pension and other long-term savings plans that I try to stick to.
e)     I put every penny I can into my pension

Mostly As – Spendaholic

You know what you want, but can you afford it? Deep down, you know you’re heading for financial trouble. The deeper you spiral into debt, the more difficult it will be to get out of it. The thought of taking control of your money may seem scary, but you can do it. Set yourself a monthly budget and stick to it. Changing your ways will be tough, but it will be worth it – you’ll be debt-free and in control!

Links:

Balancing needs and wants
Set your priorities and budget
Bills
Planning your money together
Credit and store cards
Risk and reward
Family Money
Express Unit - Percentages
Express Unit - Small Print
Express Unit - Risk and Probability

Mostly Bs – Money Muddler

You live month by month and it can be a struggle to get on top of bills. As soon as you pay one bill, another one crops up. You probably have more money than you think, but because you’re not organised, some of it slips through your fingers. Your debts are not out of control yet though, so now’s the time to take a closer look at your spending. Get organised and set yourself a long-term budget to include savings.

Links:

Bills
What is savings interest?
Risk and reward
Choosing a savings account
Planning for your retirement
Deciding on a pension
Balancing needs and wants
Set your priorities and budget
Family Money
Express Unit - Percentages
Express Unit - Small Print

Mostly Cs – Risk Taker

You aim high, so you’re not afraid to take risks to succeed. You love the thrill of a gamble that might, if it works, make big money. But remember, successful entrepreneurs don’t take careless risks. Make sure that you can pay back anything you borrow and don’t get greedy. Losing money is stressful. Make life easier by balancing financial risk with financial security. 

Links:

Risk and reward
Balancing needs and wants
Set your priorities and budget
Longer term insurance
What is savings interest?
Choosing a savings account
Longer term insurance
Express Unit - Small Print
Express Unit - Risk and Probability
Express Unit - Graphs

Mostly Ds – Money Manager

You’ve got your money sorted. You understand that, while you can’t always have everything you want, if you get yourself organised you can have what you need. You know that life has its ups and downs and so you save regularly to tide you over when things get tough. You know that if you keep control of your spending, there’ll be enough left over for life’s little luxuries.

Links:

Choosing a savings account
Set your priorities and budget
Balancing needs and wants
Family Money
Planning for your retirement
Deciding on a pension
Risk and reward
Bills
Planning your money together
What is savings interest?
Express Unit - Percentages
Express Unit - Small Print
Express Unit - Risk and Probability
Express Unit - Graphs
Express Unit - tables

Mostly Es – Super saver

Your aim in life is to hold onto every penny you can – even if that means going without some of the things others take for granted. Security is everything to you, so finding a safe place to keep your savings is very important. While you’re very unlikely to find yourself in financial trouble, you might look back one day and wonder whether things would have been more fun if you’d dared to spend a little more.

Links:

Risk and reward
Balancing needs and wants
Set your priorities and budget
What is savings interest?
Choosing a savings account
Planning for your retirement
Deciding on a pension
Express Unit - Percentages
Express Unit - Small Print
Express Unit - Risk and Probability
Express Unit - Graphs
Express Unit - tables