Self-analysis test

1. When it comes to holidays...

I love to plan every detail and expenseI try to make them as inexpensive as possible or do not take them at allI plan for it to cost within a range because I know what I can spendI don't plan at all, the whole point is to have fun and relax isn't it?I just hope that I have enough to pay for it

2. At the end of each month...

I always seem to end up short and struggle until pay dayI can tell you how much I will have left almost to the centI am never sure if I will come out a bit ahead or a bit behind each monthI don't keep track of my money too closely, but I know that I will come out ahead each monthI end up going against my budget in order to buy things that at that moment I think I have to have, but it works out somehow

3. My money goal is...

To save as much as possibleTo have enough to pay for my basic needs and have some left over to save or investTo have enough to buy whatever I wantTo be able to treat myself every now and thenI don't really have any goals

4. If someone gave me a R100,000...

I would be thrilled and try to figure out how to make it grow while using it for my own enjoymentI would be very excited because now I could get anything I wantedI would want to save and/or invest it, but would likely take a big chunk and splurge on myself and loved onesI would have no idea what to do with itI would carefully explore very conservative investments and/or put it in the bank

5. Which of the following statements most accurately describes how you use your credit cards?

I hardly ever use them and when I do I pay them off in fullI probably use them too much, but when I do I pay them off immediatelyI use them for most purchases and pay off what I think I can afford that monthI sometimes regret spending a little too much and end up paying them off over a few monthsI use them often and pay off the bare minimum. It allows me to buy the things I want when I want to and then pay them off over time

6. Saving Money...

I look to save between 10-15% of my wages each monthIs hard. It seems that as soon as I get a little put away, an unexpected expense comes up and I have to take it right back out againWould be great, except that saving is for later, right now i need to pay my billsIs something I try to do regularly. I try to put aside the same amount each month, although there may be some months where it is a bit higher or lower than usualIs something I think I may have read about in a book once

7. My investment philosophy can be described as follows (even if you are not investing, imagine how you would be):

I don't believe in investments; I keep everything in the bankI analyse each investment very carefully and tend to be very conservativeI analyse investments carefully and tend to have a balanced portfolio of somewhat conservative and somewhat risky venturesI go by my gut, my investments tend to be on the risky sideI get very nervous and confused when thinking about investing

8. My budget...

Is fun! I love playing with it each month and making sure that everything has its placeCould use some work. No matter how hard I try, I just seem to come up short or to barely make it each monthIs usually pretty accurate. It's not something I necessarily love doing, but I do feel good about making it workIs something that I get very nervous thinking about or doingIs something I don't understand or put into practice

9. When it comes to retirement...

I am very systematic about planning for my future and feel reasonably confident that I will have enough to retire comfortably onI may not always save as much as I could or should, but am saving on a consistent basis and feel pretty confident that I will not have any problemsI am worried as I know I need a pension but do not know how to get oneI am quite anxious, as I don't have any savings for the future and don't really know where to turn to in order to learn howI don't have any savings but am not too worried, the future will take care of itself

10. When I bought my car...

I bought what I liked and worried about the cost laterI ended up spending more than I had plannedI found a compromise between what I wanted and what I could affordI very carefully researched every detail, ensuring that it would fit into my budget and made sure that I got exactly what I had plannedI didn't really do any research, I was more worried about whether or not they would accept me for financing

Results:

Calculate my score

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