What’s your MONEY PERSONALITY S
aving your hard-earned dollars or sorting them into smart investments can help you achieve your goals sooner. But we all know that’s easier said than done. The first step to living your dreams is realising what type of spender you are. “As a wealth advis
1 You have been unexpectedly gifted $10,000. What would you do wwith this windfall?
B Put it in your savings account C Invest it to make more money D Hit the shops and blow it all on a new wardrobe
2 How do you handle your credit cards?
A I usually pay the minimum payment but, then again, I have missed a few lately B I have one, but I pay the entire balance due every month C I don’t believe in credit so I don’t use them D I use them to juggle my finances and they frequently see me through thin financial weeks at the end of the month
3 If your car breaks down or your washing machine packs it in, you...
A Freak out – your money is so tight that you can’t afford any extra costs B Stay calm – you always keep some money set aside for such emergencies C Mildly panic – you’ve got more than enough money to cover the costs but you worry about seeing your savings dwindle D Think positive – you would be in a terrible financial bind but you would tell yourself things will work themselves out somehow
4 What annual salary would you need to feel completely satisfied?
A At least $1 million – the more the merrier B Double what I’m earning now so I could save half C It’s hard to pinpoint a figure but I could always do with more D Enough to pay someone else to do my work – and cover my lifestyle, too
5 How often do you worry about money?
A Monthly, when my credit card statement arrives B A bit but I know if I keep saving I won’t worry at all one day C Constantly. It always seems to be on my mind D Why worry? The future will take care of itself