Money Management - What is Your Spending Profile?
Let's find out your spending profile.
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1
Your favorite brand is launching a new leather jacket that would look great on you. What do you do?
Put aside a little money every month until you can afford to buy it.
You only buy what you need, and you don’t need a leather jacket.
Run out and buy it on your credit card.
2
Your cell phone is quite old. Although it still works, there are newer phones on the market with new features and modern designs. What do you do?
Figure out your budget and shop around for the best deal.
Don’t buy the phone and make do with what you have.
Buy a newer model, even though it is above your budget.
3
How do you do your grocery shopping?
Plan your shopping list carefully and stick to it.
Buy low cost brands and in bulk to save money.
Just go and buy what seems interesting.
4
It’s your birthday. How do you plan to celebrate?
Plan ahead and put some money aside for a nice celebration.
Get a cake and celebrate with a few friends at home.
Make a last minute decision to go on that weekend ski getaway you’ve been thinking about.
5
Your friends are renting a beach house for the summer and have invited you to rent together with them, but you are broke. What do you do?
Cut other items in your budget so that you can afford your part of the rent on the beach house.
Say no because you have other financial priorities right now.
As long as there is limit on your credit card, there’s money. Beach house here I come!
