Quiz
1. Your car has broken down and the mechanic estimates the cost of repair somewhere north of $1,000. How do you pay for the repairs?
2. Your favorite clothing store is having a one-day sale. What do you do?
3. What's your attitude toward saving for retirement?
4. Which most closely describes your approach to making a major purchase, such as a new car or television?
5. You find yourself out for drinks after work. Which is more likely to be your attitude?
6. Do you carry a credit card balance?
7. Do you have a set monthly budget for different categories like bills, shopping, and entertainment expenses?
8. How many recurring fees do you pay each month - for things like cable television, Netflix, and DSL?
1. Your car has broken down and the mechanic estimates the cost of repair somewhere north of $1,000. How do you pay for the repairs?
I buy a new car, instead - I was getting sick of the old one
2. Your favorite clothing store is having a one-day sale. What do you do?
Why would I buy new clothes when my old ones - from 10 years ago - still look fine?
3. What's your attitude toward saving for retirement?
Why save for retirement? I could die tomorrow.
4. Which most closely describes your approach to making a major purchase, such as a new car or television?
I want the best - cost be darned!
5. You find yourself out for drinks after work. Which is more likely to be your attitude?
I'll just buy a ginger ale and nurse it all night.
6. Do you carry a credit card balance?
I have multiple credit cards, all with some outstanding balance.
7. Do you have a set monthly budget for different categories like bills, shopping, and entertainment expenses?
I don't have a clue what I'm spending my money on.
8. How many recurring fees do you pay each month - for things like cable television, Netflix, and DSL?
Well, there's the gym, and TiVo, and my "Bacon of the Month Club" membership, and...
You've got your bank account locked down like Fort Knox. While your financial discipline is admirable, don't forget to live a little, too.
You've struck a balance between saving for the future and budgeting for a full and active life now.
You spare no expense in your pursuit of the good life. But you might want to consider socking away a little more in your savings account.