Are you a spender or a saver?
Thursday 9 November 2006
Have you got what it takes to save a heap of cash or does money run through your hands like water?
Take our test and see if you've got cash control.
The quiz
1. You're in town and spot the perfect coat but you only have half the cash to pay for it. What do you do?
A) Phone your parents and scream until they agree to come and buy it.
B) Borrow some cash off your friend and pay it back.
C) Resolve to save up.
2. How often do you put credit on your mobile?
A) As soon as it runs out.
B) As soon as you get your allowance.
C) Once a month, even if you use it within a week.
3. Your friends tell you about a cool festival they want to go in a few months' time. The only downside is that tickets are £100. What's your plan?
A) You do nothing until the week before. You know your mates will bail you out.
B) Ask your parents to pay for half.
C) Start saving like mad.
4. How do you do most of your shopping?
A) Only the best for you, darling. You love all the top designers!
B) On the high street.
C) You buy online to get the biggest bargains.
5. What's your main source of income?
A) You just ask my parents when you want money.
B) A regular allowance or job.
C) You save up money from birthdays.
6. You're given £100 for your birthday. What do you do?
A) Splurge the lot.
B) Spend a set amount and put the rest aside in case you see something you really like.
C) Put it all in my savings account.
The results
So are you a penny pincher or a super splurger? Here's what we say.
Mostly As
You like to spend, spend, spend and don't care who knows it or whose money you're using. Spending a wad of cash can be a great feeling but once the buzz has gone, you're left penniless. Why not hold back a bit with your finances so that you don't miss out on some of the spending opportunities that might come your way?
Mostly Bs
It sounds like you've got the balance right between spending and saving. You're responsible for your own outgoings and pretty much in control of your finances, but don't be afraid to ask when you need a little help.
Mostly Cs
You're quite the penny pincher! If there's a bargain to be had or a saving to be made, you're on it straight away. The patience it takes to save up is a quality worth having, but don't deny yourself the odd pleasure in life or you could find that you just snap one day and spend the lot in ten minutes.
