Array
Money Matters

QUIZ: What Is Your Money Personality?

Take this quiz to see how well you're doing financially

Shares
Photography: Pixabay

Many people — single and married alike — simply spend as they need and count on the next paycheck to replenish their finances. If you’re making enough, this might be fine for the short term. But “short term” is terrible if you’ve got big things planned for your family. After all, the money for your child's future college tuition won’t just appear out of nowhere. So, ready or not, you need make some hard choices on your family's financial priorities. And it means getting to know your money personality.

This money personality quiz is simple, but it helps you figure out your family's financial goals. More importantly, it's a way to see if you and your partner are on the same page, which is crucial. The results can point you to the right direction, so you can create budget and investment guidelines and helps measure the family’s progress toward reaching your goal.

ADVERTISEMENT - CONTINUE READING BELOW

Grab a pen, a piece of paper, and take the money personality quiz:


If you can save more money, you definitely should, says Francisco J. Colayco, author of Pera Mo, Palaguin Mo. “Savings are really an expense,” Colayco explains, “an expense that buys your future. Most of us define savings as ‘income minus expenses.’ This is very [misguided]. Dapat, ‘income minus savings equals expenses!’” If your savings consist of whatever’s left over at the end of the month, you may be in trouble — expenses always expand to consume any surplus.

ADVERTISEMENT - CONTINUE READING BELOW

Quiz by Justine C. Tajonera | Illustrator: Natz Bade

 

This story originally appeared on Smartparenting.com.ph.

* Minor edits have been made by the Realliving.com.ph editors.

More on Realliving.com.ph

Shares

Latest Stories

This 28sqm Studio Unit in Bacolod is Perfect for Staycations

The design team created a compact yet inviting small home with a warmth that matches the vibe of the City of Smiles

7 Plants That Can Help You Keep Dengue Away

You need to do more than just plant them outside your home

Make Your Home Smell Like a Fancy Hotel for Less Than P700!

Shop for scented candles, room sprays, and more essentials while maintaining your budget

10 Things You Need to Clean to Avoid a Stinky Home

We tend to overlook how scent contributes to the first impression our house makes on guests �" or on us!

5 Organizing Ideas We Can Learn from this Family Home in San Juan

This home doesn't just have picture-perfect rooms. Let it inspire you to get organized.

Amoy Kulob at Mabaho? Here Are Ways to Keep Your Home Smelling Fresh

Because a beautiful house needs to smell good, too

Those School Buildings We Grew Up With Are Called Gabaldons

The President recently signed a law that mandates their conservation

These Are The Reasons Why You Have a Messy Home

Manage the clutter in your house with these tips from an interior designer

Which One is Best for Your Home: A Diffuser or A Humidifier?

Here is a quick guide between a diffuser and humidifier to help you decide which one is better for your space

6 Convincing Reasons Why It's Better to Rent Than Buy a Home

Paying monthly dues is less stressful compared to managing real estate taxes

9 Affordable Ways to Give Your Kitchen Cabinets a Makeover

Updating the look of your cabinets can greatly improve the overall ambiance of your kitchen

Is Your House Making You Sick?

Household pollutants may cause respiratory diseases and other health problems
Load More Stories

Get inspiring design ideas and handy hints.
Subscribe to our newsletter now!