What is your Money Mindset Personality ?

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Quiz Questions

1.
When do you think about money?
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- A.
  Every month when I get my credit card bill
- B.
  Every day! I need to know exactly what my balance is at all times.
- C.
  Constantly. Money saved is security! I remind myself that money in the bank is better than the item I want to purchase
- D.
  Money is to be spent! Life is short, and you can always make more.
2.
At the end of each month I have:
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- A.
  No idea what the hell I spent, or where I spent it
- B.
  Planned my spending for the following month
- C.
  Gone through my account activity line by line
- D.
  Enough money (most of the time) to cover my bills
3.
What is your primary financial goal?
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- A.
  To know what is coming in and out of my account on a regular basis
- B.
  I don’t have one
- C.
  To spend as little as I can.
- D.
  To be able to afford whatever the heck I want and have enough to enjoy myself
4.
What are you doing to save for your future?
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- A.
  I try and save a little every month
- B.
  I’m too young to think about it – that’s a problem for future me
- C.
  I want to do something but I don’t know where to start
- D.
  All of my extra money goes to my savings
5.
How often do you borrow money?
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- A.
  Always – I live off my credit cards
- B.
  Sometimes – when I want something nice or if there is an emergency
- C.
  Never, people tend to borrow from ME
- D.
  Always – I live off my credit cards
6.
Do you know how much money you have in your bank account?
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- A.
  Hell no, I look back on my statements to find out
- B.
  I know I have enough to pay for the things I need
- C.
  Yes – to the nearest pound"
- D.
  Yes, Give or take 100
7.
Do you know how much money you have coming in each week or month?
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- A.
  Yes, I know exactly
- B.
  Yes, I know I have enough to pay my bills
- C.
  Kind of, but I’d have to check to be sure"
- D.
  Hell no, I look back on my statements to find out
8.
At the end of the week or month you have:
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- A.
  Stuck to my budget
- B.
  Spent all of my money and sometimes just a little bit more than I can really afford to
- C.
  No idea how much money I have spent
- D.
  Saved a healthy portion of my income
9.
If you lost your job, you could live independently for:
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- A.
  A couple of months
- B.
  A couple of weeks, tops
- C.
  I have loads of friends with spare rooms
- D.
  Make up the spare bedroom, Mum and Dad, I’m comin’ home!
10.
You save money:
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- A.
  Whenever i have the spare cash
- B.
  Every month, even if it’s just a little bit
- C.
  I pay myself first
- D.
  Never
11.
Do you keep a budget?
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- A.
  I keep a detailed record of everything, incoming and outgoing
- B.
  I do, although I try not to overspend generally
- C.
  Would love to but I never get around to it after paying the bills
- D.
  Hah! Dream on
12.
I have regrets over some of my expeditures. I could have spent my money more wisely:
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- A.
  Most of the time – I really didn't need that new espresso machine . . .
- B.
  Every month when I get my credit card bill
- C.
  Sometimes
- D.
  Seldom
13.
I worry about my ability to make ends meet:
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- A.
  Most of the time – I often have trouble sleeping because of money worries
- B.
  Most of the time
- C.
  Sometimes – only when times are uncertain
- D.
  Never occurs
14.
How often do you think about money?
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- A.
  Very rarely
- B.
  Fairly regularly
- C.
  Its always in the back of my mind
- D.
  Im always thinking up ways to cut costs
15.
I dread sitting down and paying my bills:
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- A.
  Most of the time
- B.
  Sometimes"
- C.
  I dont sit down and pay my bills, I do it on the go
16.
I am tense and my stomach is in knots when I think about my finances:
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- A.
  All of the time
- B.
  Most of the time
- C.
  Sometimes
- D.
  never occurs
17.
I have a habit of waiting till the last minute to pay bills:
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- A.
  All of the time
- B.
  Most of the time
- C.
  Sometimes
- D.
  Never occurs"
18.
I struggle to get ahead. It’s always something that gets in the way. It could be as simple as having to replace the hot water heater, fixing the car, or a health-insurance rate hike:
- A.
  All of the time
- B.
  Most of the time
- C.
  Sometimes
- D.
  Never Occurs
19.
I have excuses for not making or following a budget like, ‘I don’t have a fixed income’, ‘I can’t pay my bills right now’, or ‘I’m not that disciplined’:
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- A.
  All of the time
- B.
  Most of the time
- C.
  Sometimes
- D.
  Never occurs

Quiz Outcomes

1.
The Dean of Debt – ‘Stick it on my Amex’
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Yes, you have debts, but doesn’t everyone? How else do you afford to live the life you want? Debt is not a means to an end for you, it’s a way of life. You may pay off one credit card while running up another. You may rely on loans and credit for big purchases, and need a regular salary to maintain your debt payments. Your first goal is a plan to start paying off that debt.
2.
The Spreadsheet Master – ‘There’s a new column for everything’
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Forensically focused on every minute detail of your balances, but rarely looks up from the spreadsheet to identify broader goals. Saves for the sake of it, rather than for something you want or need. Your first goal is to identify your values and long term goals and plans.
3.
Chicken Little – ‘You never know . . .’
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Convinced disaster is imminent, Chicken Little (Miss Henny Penny) is always putting money away for a rainy day. Too concerned about impending doom to ‘waste’ money you might need later on frivolities like dinner out, or starting a business, which might risk your security. Your savings account may be healthy but your attitude isn’t. Your first goal is to build your financial confidence so you can relax your grip a little.
4.
Living Your Best Life – ‘You make money to spend it!’
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Pensions? Savings? You only live once, and that fill-in-the-blank item won’t be on sale forever. You're going to get round to saving some time, but first you need a holiday, a haircut, and the perfect cushions for your new sofa. Your first goal is to set up an auto transfer to your savings account .

What is your Money Mindset Personality ?

Find out what YOUR "money mindset" is and how to affects your financial freedom.

Quiz Questions

Quiz Outcomes