If you want to know where you’ll be in ten years, use this basic finance quiz to figure out if you’re a mansion or a dumpster kind of guy!
We live in a world where everything is getting more expensive and fewer people are able to do things that were once taken for granted, such as buy a house.
In order to get ahead and live a comfortable life you should have, at the very least, a basic understanding of finance.
Luckily for you we’ve made this quiz, so now you can figure out whether you have work to do or if you’re a smarty-pants already!
Let’s begin!
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Question of
Hooray! You just inherited a fortune from that aunt you never heard of! Do you…
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Invest most of it
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Buy a house
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Buy a speedboat
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Casino, here I come!
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Question of
You’ve gone and got yourself some hefty credit card debt. What do you do each month?
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Pay off as much as I possibly can
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Pay off more than the recommended amount
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Pay off the recommended amount
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They’ll never catch me!
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Question of
Are you putting aside money for retirement?
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Yes, a lot and regularly
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Yes, some
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Not as much as I’d like
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I have nothing
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Question of
You have $1000 in savings, and earn 2.5% annual interest. How much do you have after 5 years?
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$1076.89
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$1065.36
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$1047.66
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$1025.25
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Question of
Which of these is most important to you?
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Saving for my future
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My credit card rating
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Getting out of debt
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Partying!
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Question of
Your laptop is looking a little dated. You…
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Wait until it’s completely bust. No point wasting money!
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Wait until I save a little money for it
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Get a new one and set up a payment plan I can afford
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Get a new one ASAP even if I have to borrow for it
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Question of
Your friends invite you on a night out, but you’re low on money. What do you do?
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Stay home. Got to be responsible!
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Let them talk you into it, you can have fun without spending lots!
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Go! Borrow some from a pal
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Go! put it on your credit card!
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Question of
It’s taxes time. What do you do?
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I do them! It’s easy
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Struggle, but manage
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Pay someone else to sort it out
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Cry
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Question of
Do you set a monthly budget?
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Always, and stick to it!
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Always, though I often go over
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Not usually, and when I do it’s very loose
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What’s the point?
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Question of
Do you always pay your bills on time?
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Sure do!
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I’ve fallen behind once or twice
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I’ve fallen behind quite a few times
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Let’s not talk about that…
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