Money Quiz (Backup)

Welcome to your Money Quiz (Backup)

1. You just arrived in Las Vegas and you win $1,000 on your first bet. What do you do?

Deposit your winnings into your savings account and stick to your prearranged spending plan for the rest of the trip.

Bet it all in your next turn of the wheel or round of cards.

Have no idea what to do because you never win anything.

Spend it freely on shows, restaurants, and spa treatments.

2. You are shopping at your favorite store when you spot the perfect bathing suit. It fits perfectly! The only problem is that it is very expensive and way out of your budget. What do you do?

Buy it anyway. Plastic is Power!

Wait for the bathing suit to go on sale.

Buy it, agonize all night long over the purchase and then return it the next day.

Think maybe you could buy it, but figure you better wait and decide later.

3. Good news! You have just inherited $50,000 from an Uncle that you have never met. You:

Put the check in your drawer for right now. You don’t want to act too quickly.

Start booking your next vacation.

Deposit your money into an interest-bearing savings account.

Deposit it into your checking account to pay bills.

4. When it comes to saving money, you:

Can’t do it.

Know you should but aren’t sure you know the best way.

Have set up a system that works for you.

Make and break a new savings plan every month.

5. Honestly, how do you drive your car?

Reluctantly–you wish you had a chauffeur.

Cautiously and safely–you are a defensive driver.

Quickly and aggressively–you do not let anyone get in your way!

Anxiously–there are a lot of crazy drivers out there.

6. If you could choose any of the following occupations, regardless of income, it would be a:

Best-selling poet and novelist.

Stunt-woman.

Judge with the Supreme Court.

Elementary school teacher.

7. Regarding money, your best wish for your children is that:

They don’t take too many risks. Risks can get you into trouble.

They learn to control their spending. Someone’s got to.

They have good luck. That’s what it really takes to make it in this world.

They have a good education. They’ll need to work hard to find a good occupation.

8. Money-wise, what do you look for in a mate?

A stable income and very conservative with their money.

A hot car in his driveway and a lot of shiny plastic in his wallet.

Someone who will handle the family finances so I don’t have to.

A lack of concern for material things.

9. When you think about your retirement, you:

Cross your fingers, close your eyes, and begin to pray.

Remember you probably need to plan sometime soon.

Hope your saving plan works well.

Can’t wait for the party to begin; I hear that the weather is beautiful in Florida!

10. Your worst money problem is your:

Lack of financial education.

Shopaholic tendencies.

Procrastination.

Concern it will dissipate.

11. Your worst fear about money is:

The sound of creditors knocking at your door.

Losing over 50% of your assets in a stock market crash.

Turning 55 and realizing that you have no assets other than your car.

You won’t really get around to thinking about your finances in time.

12. If someone asked, “How much is your bank account right now?” you would say:

“Enough, but I don’t like to dwell on money.”

Do you want me to include the outstanding checks not yet posted to the account?”

“I’m not sure.”

“I hope that I did not bounce any checks this week.”

13. When you receive a savings and/or retirement account statement, you:

Check it over very carefully.

Give up trying to figure it out after a few minutes.

Leave it with other unopened mail on the dining room table.

Toss it in a drawer and assume the company must be right.

14. A quality that you admire in yourself is:

Punctuality–you are always on time.

Spirituality–you are not a money-grubber.

Vivacity–you are always the life of the party.

Caution–you do not tackle things about which you are unsure.

15. The reason you do not have as much money as you would like is:

You are too cautious. You miss out on great investments because you do not want to take risks.

You don’t like thinking about money. It can be so complicated.

You throw it away. You keep buying things you do not really need.

You are not really sure. Why?

16. Guests are arriving for Thanksgiving dinner in one hour. In the kitchen, you are:

Wishing you hadn’t agreed to host.

Frantic, messy, and creative; you’re trying to perfect a new recipe you created just for this occasion.

Disorganized, frustrated, and slow.

Organized, fast, and clean; everything is in the oven already and you are just setting up a few last minute details.

17. When entertaining, you like:

Spontaneous bashes with a few hundred of your closest friends.

Well-planned parties for your monthly dinner group.

Informal get-togethers with friends in the great outdoors.

Someone else to suggest the plan to you and set things up.

18. Your attitude toward life is best summarized with the phrase:

A stitch in time saves nine.

She who laughs last, laughs best.

What will be will be.

The devil is in the details

19. When tipping in a restaurant, you:

Tip in accordance with the quality of the service. You reward good servers and punish bad ones.

Tip lavishly. You expect to get the best service in the house next time.

Tip well even if the service is mediocre. You don’t want to embarrass the server.

Tip whatever your friends suggest. You aren’t sure how much to tip.

20. What you don’t know about money:

Can’t hurt you.

Hopefully won’t ever matter.

Can be learned.

Will catch up with you one way or another.

About the Author: Alyssa Baysura

Learn how the Entrust perspective on managing money astutely can make all the difference.

Money Quiz (Backup)

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About the Author: Alyssa Baysura

Learn how the Entrust perspective on managing money astutely can make all the difference.