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Personal Finance Quiz: Find out your Money Personality

  • Question of

    You receive a salary raise. What is the first thing you do with the money?

    • Pay off some debts and invest the rest
    • Put all the money in my fixed deposit
    • Go shopping and party hard
    • Donate to a charity
  • Question of

    In the next five years, how do you view your financial status?

    • I plan on multiplying my earnings and make as much money as I possibly could
    • Save most of my earnings and secure my old age
    • I see myself having enough money to spend on all the things I ever wanted
    • I want to donate the excess money after fulfilling all basic requirements
  • Question of

    You are out with your friends for dinner, and the bill arrives. What would you do?

    • I decide we should all pay according to what we ate
    • I usually split the bill equally among the group
    • The bill is on me. It’s a treat for our beautiful friendship.
    • If someone offers to pay for me, I would let them and be grateful
  • Question of

    What’s the grocery shopping scene like for you?

    • I only decide what I want to buy once I reach the store
    • I come up with a shopping list within a budget
    • I don’t do grocery shopping. I love eating out.
    • I make sure to run through the store looking for discounts
  • Question of

    In case of a financial emergency, what would you do?

    • I will turn to my market fund savings
    • I have enough savings in my bank account for such emergencies. No worries!
    • I can’t have an answer to that because I rarely save for the future.
    • I will call up a friend or family member and request a loan
  • Question of

    Where do you usually keep all your financial records and receipts?

    • My financial records are extremely important. I even keep an electronic backup.
    • I collect all my bank transactions and monthly receipts in a hardcopy.
    • I don’t care about storing the receipts, as long as I get to shop!
    • I’m not sure what you’re talking about.
  • Question of

    How do you mostly spend money?

    • I have no problem spending money as long as I get to invest some.
    • Spending money makes me nervous. I’d rather save it.
    • I spend all my earnings on my loved ones and me.
    • I only spend on basic requirements. The remaining money goes to charity or other social investments.
  • Question of

    What are your thoughts on borrowing money?

    • I don’t mind borrowing money with an aim to make more money, but borrowing is usually my last resort.
    • My savings have always got my back! I rarely borrow any.
    • I often borrow from friends and family when my paycheck doesn’t meet my requirements.
    • I don’t like being in debt. Apart from absolute emergencies, I don’t think I will ever borrow money.
  • Question of

    If you won a lottery of $1 million, what would be your first reaction?

    • Start planning about multiplying the money
    • Feel extremely secured about my future
    • Every day will be a vacation for me. And of course, I’ll buy all the things I ever wanted.
    • After saving a good amount for my living, I will donate it for a good cause.
  • Question of

    Where do you usually shop for personal items like clothes, shoes, etc.?

    • Online
    • Both online or stores, wherever there is a sale
    • At boutiques and supermarkets
    • Thrift shops
  • Question of

    You found something you really liked, that too on sale! But it’s not included in your budget. What would you most possibly do?

    • If it’s more of a need than a want, I will probably cash out from my side savings and buy.
    • I will have a hard time deciding whether or not I should get it. Or, maybe I might even try to balance out the monthly budget.
    • If it’s something that makes me happy, I’ll definitely get it!
    • I mostly spend my money on inexpensive and basic things. Hence, if it is affordable, I’ll buy them.
  • Question of

    Your friend’s birthday is around the corner. What do you plan on buying him?

    • A gift card sounds nice
    • Something hand-made and personal
    • An expensive item from his wish list
    • A plant. It’s the thought that counts!
  • Question of

    Do you worry about how you would provide for your future?

    • No. I plan and work in the present to have sufficient money in the future. So, it will be fine.
    • Not really. I have been saving consistently to secure my future.
    • Live in the moment. The future will take care of itself.
    • I’d rather think about how I can help people in the future.
  • Question of

    What does money mean to you?

    • Power and freedom
    • Security
    • The key to happiness
    • Greed and corruption
  • Question of

    When was the last time you bought something from your wish list?

    • About a week ago
    • Maybe about a month ago
    • This week
    • I don’t even remember having a wish list
  • Question of

    What would you typically bring to a dinner party?

    • Books
    • Some flowers or a card
    • A Box of Pizza
    • Hand-made dishes
  • Question of

    You would most probably apply for a bank loan for which of the following reasons:

    • To invest in a business
    • No loans. Only savings!
    • Visit my dream holiday destination.
    • Pay some small debts I might have or invest in a socially beneficial project
  • Question of

    Do you discuss your financial status with people?

    • Yes, mostly with financial advisors.
    • I plan a lot about my savings with my partner/ family.
    • By financial status, do you mean discussing my bills on shopping and food? Then yes!
    • Not really.
  • Question of

    What is your biggest financial battle?

    • Torn between spending and investing
    • Sometimes, I may compromise even with my needs while sticking to a strict budget
    • I spend a lot
    • I don’t really have one.
  • Question of

    If you were to lose all your money, how would you react?

    • My money is in the form of stocks. Is that included?
    • I would be devastated if I lost all my savings.
    • Does that mean I’ll never get to go shopping again? What a bummer!
    • It wouldn’t make much of a difference for me.

Written by Siddhesh Jain

My name is Siddhesh Jain, and I'm the fastest man alive (when it comes to learning, that is). I've been acquiring knowledge and learning new strategies for years, and I'm here to share my vast experience with you. What's my goal? Simple, I want to help every young entrepreneur succeed. Follow me on my journey!