How Financially Savvy Are You?

Quiz Questions

• 1.
  Your best friend calls you and says that she just booked a last-minute trip to Jamaica and she wants you to go. What would you do? 

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  • A.
    I would tell her “I can’t go because it’s short notice and I didn’t plan to spend any money on a last-minute trip.”
  • B.
    “I’m down. Send me the information to book the trip.”
  • C.
    “I’m interested; however, let me get back to you and see how I can make it work.”
• 2.
  You receive an email from your cell phone provider stating that you are due for an upgrade. You current phone still works but you are looking at the newest version. You decide to…

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  • A.
    Keep your old cell phone as long as you can….every month you put off upgrading your cell phone you’re saving money.
  • B.
    Get the upgrade… you deserve to have the latest version of your cell phone.
  • C.
    You like that you have this option and will think about upgrading your cell phone sometime in the near future.
• 3.
  What was your favorite movie as a teenager?

  • A.
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    Coming To America
  • B.
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    Boyz In The Hood
  • C.
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    Love & Basketball
  • D.
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    Straight Outta Compton
• 4.
  You just arrived home from work and discover that you have no food to prepare dinner. What would you do?

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  • A.
    Figure out how to make a meal with any food you have within your refrigerator.
  • B.
    Order UberEats or DoorDash for a quick meal.
  • C.
    Get in your car and drive to the nearest fast food restaurant to grab your dinner.
• 5.
  It’s time to go grocery shopping. Do you…

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  • A.
    Clip your coupons, make a grocery list, and start researching sales at your local grocery store.
  • B.
    Buy whatever I want as I don’t like to be cheap when it comes to my groceries.
  • C.
    Go to the grocery store with a general idea of what you want to buy and figure out the rest once you get there.
• 6.
  You just received a big tax refund from the IRS. What do you do with the money?

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  • A.
    Place the money within my savings account.
  • B.
    Plan your next vacation or go shopping because you deserve it!
  • C.
    Spend the money on a nice handbag or shoes, pay off some debt, and put the rest in my bank account.
• 7.
  You decide to stick to your new year’s resolution this year and get into better shape. Your next action would be…

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  • A.
    Exercise at home and find activities that will allow you to workout for FREE.
  • B.
    Purchase some new workout clothes and sign up for a gym that has everything you want to stay motivated (i.e. workout classes, fitness trainers, and massage therapists).
  • C.
    Research gyms and take advantage of free trials weeks before making any type of commitment.
• 8.
  What is your current annual salary?

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  • A.
    Less than $50,000
  • B.
    Between $50,000-$100,000
  • C.
    Over $100,000
  • D.
    More than $250,000
• 9.
  Your friends are planning a dinner at an expensive restaurant that requires a minimum order of $100/per person. This will exceed your budget for the month. What would you do?

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  • A.
    Decline the offer and suggest a potluck dinner at your home.
  • B.
    What’s a budget? If my friends are going out to dinner, I am going to be there (regardless of the cost).
  • C.
    Figure out how you are going to pay for it once you get to the restaurant.
• 10.
  You find the perfect apartment, but the rent is way out of your price range. Do you.... 

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  • A.
    Look for a roommate to spilt the bills
  • B.
    Sign the lease and figure out later how you are going to pay for it.
  • C.
    You love it too much to let it go, so you take on a part time job to make up the difference.

Quiz Outcomes

• 1.
  Savvy Saver

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  You've got your mind on your money (and your money on your mind)Your frugal mindset and financial instincts are sharp: You know where every dollar goes and why, and you're making steady progress toward your long-term goals, even if it means some frugal sacrifices here and there. You are ready to invest in wealth building. You just don’t know where to start. What if I could show you how to 10X your savings in the next 5 years? Curious? Check your inbox!
• 2.
  Emotional Spender

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  Some people are emotional eaters, my dear you are an emotional spenderNo matter if you are in a good or bad mood, you are willing to spend money.Life is too short to deny yourself pleasures small and large. You're often careless with your money in the pursuit of happiness, and you know full well you'll have to pay for it eventually. Just remember, if you're not careful, you could end up drowning in debt, missing out on the fun, and regretting some of those reckless purchases.Unfortunately, you have very little savings and are at risk of never having the ability to build wealth. But don’t worry, I got you! Check your email as I sent you some tips on how you can save $1,000 in the next 21 days.
• 3.
  Money Hustler

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  You wouldn't call yourself frugal, per seYou're not afraid to take risks and some debt in order to get what you want-- but you'll figure out a way to pay it off before it drags you too far down. As long as you can stay ahead of the game and keep your side hustle strong, you'll be ok -- but consider saving more in case you get slowed down unexpectedly.