Are You A Saver, Splurger Or Skater?

5 Questions | By Lilyhowes | Last updated: Mar 21, 2022 | Total Attempts: 682

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Are You A Saver, Splurger Or Skater? - Quiz

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You May Get

Spender

You’re a spender, and sometimes a manic one at that. You clearly like to enjoy life but sometimes get a bit ahead of yourself. There’s a risk that you’ll get yourself into heaps of debt if you continue this way so you need to take a step back, really think about what you’re spending your money on and do some budgeting. Just by cutting out your daily coffee you could save nearly £700 a year. Think more carefully about what you’re spending and what you really need, it’ll make treats all the more gratifying.

Skater

You’re a skater and more than likely a young professional still excited by the novelty of a monthly paycheck. The beginning of the month is a dream, filled with lavish food, drink and activities but, by the end, you’re housebound with little more than a tin of baked beans. Strike a balance and you’ll be able to enjoy the whole month without worrying about having to fall back on credit cards or savings.

Saver

You’re a saving master and while this is great in some ways – you feel financially secure and have plenty put away for a rainy day – don’t let it stop you experiencing the present. Constant penny-pinching is exhausting and might distance you from friends and family if they offer invitations and you regularly say no. Unless there is something specific you are saving for, try to inject a little more cash into your daily routine – you’ll feel much better for it.

Questions and Answers

1.

You’re feeling sluggish on your Monday morning commute, you:
- A.
  
  Pop into your local Starbucks, they’ll have your daily order ready in a tick
- B.
  
  Treat yourself to a caffeine fix and a pastry, Friday was payday and you’re in need of a pick-me-up
- C.
  
  Drag yourself to the office and glug down a mug of instant coffee, £3 for a drink is ridiculous
2.

Summer may have been and gone but you’re already thinking about next year’s trip, you:
- A.
  
  See where the Beckhams have been holidaying this year. If it’s good enough for them…
- B.
  
  Impulsively put down a deposit for an all-inclusive getaway and work out how to pay for it later
- C.
  
  Use the money you’ve been putting aside each month for a self-catered camping trip in the British countryside
3.

Some old friends ask if you want to go out for dinner next week to catch up, you:
- A.
  
  Book a table at the new restaurant you’ve heard rave reviews about. You’re looking forward to treating your friends
- B.
  
  Arrange to meet your friends after payday, as you won’t be able to afford it until then
- C.
  
  Invite your friends round to your house for homemade pizzas, much nicer (and cheaper) than eating out
4.

Which of these statements best describe your personal finance:
- A.
  
  You have a range of credit cards and store cards, in addition to a hefty overdraft. Your outgoings are often more than your incomings
- B.
  
  You use a credit card when you want to buy something before you’ve been paid but always pay it off each month without interest. You have a savings account that you dip into fairly regularly
- C.
  
  You always spend within your means and automatically transfer a percentage of your paycheck into a high interest ISA. If you can’t afford something you save for it until you can
5.

During your weekly food shop, you:
- A.
  
  See what you fancy that week, no expense spared only the finest cuts and produce will do
- B.
  
  Weekly shop? You just get what you need day-by-day, with food getting more and more basic the closer you get to payday
- C.
  
  You make a list of all the meals you plan to make that week and only buy what you need, selecting what’s on offer and using discount coupons where possible