• Food
  • Family
  • Beauty & Health
  • Style
  • Great Women
  • Events/Win
  • Food
    • Eating Out
    • Cooking Tips
    • Festive Food
    • Asian Recipes
    • Food
    • Celebrity Recipes
    • Dessert Recipes
    • Healthy Recipes
    • Quick & Easy Recipes
    • Western Recipes
  • Family
    • Family
    • Save Money
    • Parenting
    • Sex & Marriage
    • Travel
  • Beauty & Health
    • Beauty & Health
    • Skincare
    • Makeup
    • Hair
    • Awards
    • Diet & Nutrition
    • Fitness
    • Wellness
  • Style
  • Great Women
    • Career
    • Great Women of Our Time
    • Real Life
  • Entertainment
  • EVENTS/WIN
  • #SchoolForLife
  • Hair Awards
  • Great Escape
  • Explore Singapore
  • Also available at:
Privacy Menu
SPH Media

Copyright © 2022 SPH Media Limited. Co. Regn. No. 202120748H. All rights reserved.

  • Food
  • Family
  • Beauty & Health
  • Style
  • Great Women
  • Events/Win

Family

Quiz: What’s Your Money Personality?

Generic selectors
Exact matches only
Search in title
Search in content
Generic selectors
Exact matches only
Search in title
Search in content
Family

Quiz: What’s Your Money Personality?

Spender, saver, hoarder or

February 22, 2018

Quiz: What's Your Money Personality?

Saving 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 realizing what type of spender you are.

“As a wealth advisor, I meet all types of financial personalities,” says Leah Oliver, CEO and founder of Minnik Integrated Financial Solutions. “However, the majority of people will spend everything they earn and then reach for debt, particularly credit cards and asset finance.”

Answer these five questions for Leah’s tailored advice on managing your money.

READ MORE:
How To Save Money By Making Leftovers Last
Budget 2018: What It All Means For The Average Singaporean
Here’s How You Can Fly To Japan, Greece And Other Places For Cheaper

 

https://www.womensweekly.com.sg/gallery/family/whats-your-money-personality/
Quiz: What’s Your Money Personality?
1. You have been unexpectedly gifted $10,000. What would you do with this windfall?
image

A. Buy a new car.
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?
image

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 gives way, you…
image

A. Freak out – your money is so tight that you can’t afford any extra costs.
B. Stay calm – you always keep some money 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 tell yourself things will work themselves out somehow.

 

4. What annual salary would you need to feel completely satisfied?
image

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.
D. Enough to pay someone else to do my work – and cover my lifestyle, too.

5. How often do you worry about money?
image

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.

 

If you scored... Mostly As
image

You’re a Spender. You spend all you earn – sometimes more than you earn. You often buy frivolous or luxury items you can’t afford. “A financial advisor can help you implement strategies and guide you on how to maximise surplus, fast-track your debt repayment and direct spending more wisely,” Leah says.

If you scored... Mostly Bs
image

You’re a Saver. You are good with money and regularly set some of your income aside to create a cushion in case an emergency crops up. “Savers are a step ahead,” says Leah. “They will reach their goals faster, especially if they direct their savings to the right places and achieve a return on investment.”

 

If you scored... Mostly Cs
image

You’re a Stasher; an extreme saver who worries too much about money in the future to enjoy what they earn. “Money is like a drug to a stasher. Once they feel the euphoria of wealth starting to accumulate, they can’t stop,” Leah says. “Unfortunately, they work so hard they forget to invest time in relationships and life in general.”

 

If you scored... Mostly Ds
image

You’re a Dreamer, with big dreams for a successful financial future, but you’re often reluctant to put in any hard work. You expect money will flow to you, but that’s not how the world of finance works. “It’s never too late to make smart financial choices, so if you’re feeling the pinch, speak to a financial counsellor or advisor, pronto!” Leah says.

  • TAGS:
  • finances
  • hoarder
  • money
  • saver
  • savings
  • singapore
  • spender
  • stasher
SHARE THIS ON

What’s Hot

Family

Why Fann Wong & Christopher Lee Had To C...

Family

12 K-Drama Couples Who Got Married In Re...

Family

12 Best Hiking Trails And Nature Parks I...

Family

14 Father's Day Gift Ideas For Every Typ...

Family

Sicilian to Botanical: 7 Themed Afternoo...

Family

7 Family-Friendly Activities To Do From ...

Family

Mother's Day Gift Guide: 16 Fab Ideas Fo...

Family

Best Money Changers In Singapore And Tip...

Family

Denise Keller Has Welcomed A Baby Girl

Family

14 Best Indoor Playgrounds In Singapore ...

Family

How This Couple Feeds Their 8 Kids With ...

Family

3 Expert-Approved Ways To Improve Your C...

Don’t Miss These
  • Awards Get A Year-Round Beauty Glow & Sun Protection With This S...
  • Awards Increase Your Hair Growth And Decrease Hair Loss With Thi...
Editor’s Picks
  • Family Why Fann Wong & Christopher Lee Had To Cut Short Their Maldives Holiday
  • Save Money Daiso Price Hike: What's Worth Getting?
  • Family 12 K-Drama Couples Who Got Married In Real Life
  • Parenting 12 Things You Do That Unintentionally Hurt Your Kids' Feelings
  • Entertainment Gardens By The Bay Has A Children's Festival With Giant Inflatables This June
  • Entertainment Staycation Review: The Newly Rebranded Voco Orchard Singapore
Don't Miss Out Ever Again!
Tips & tricks to stay sane + win invites to our events!

By signing up, you indicate that you have read and agreed with our Privacy Statement
Footer Menu
  • About Us
  • Contact
  • Conditions of Access
  • PDPA
  • Privacy Policy
?>
SPH Magazine

Copyright © 2022 SPH Media Limited. Co. Regn. No. 202120748H. All rights reserved.