Spending
Style Snapshot
Paul
Richard, RFC
Executive Director
Institute of
Consumer Financial
Education
Everyday
Spending Decisions
Can Shape Your
Financial Future.
Answer
these yes or
no questions
and get a snapshot
of your spending
styles.
Scoring:
100% = 7 yes
answers
7 Yes:
A wise spender
you are and
a spender mentor
you should become.
6
Yes:
You are right
up there with
the minority,
however, how
much would the
money you could
save, in the
question you
answered no
to, be worth
in 12 months
if you invested
it?
5
Yes:
Getting close,
but no big savings
payoff yet because
you may still
be missing out
in the areas
of the questions
you answered
no. If you want
your assets
to grow, look
for saving in
every area of
your spending.
4
Yes:
You are past
the half way
mark, however,
if you do what
you have always
done, you will
always get what
you have now.
Time to change
some spending
habits if you
want to see
a brighter financial
future. If credit
cards are your
bane, try something
that will remind
you about the
dangers of spend,
spend, spend,
like credit
card warning
labels and protection
sleeves with
anti spend messages
for your credit
/ debit cards.*
3
Yes:
Get off the
money-merry-go-round!
You are probably
living from
paycheck to
paycheck or
earning upwards
to $100,000
a year and have
little or nothing
to show for
it. Poor spending
practices must
be doing you
in. If you need
a quick shot
in the wallet,
the average
household spends
30 cents of
every take home
dollar on household
and grocery
items. You can
make a big impact
there the next
time you go
to the grocery
store.
2
Yes:
When it comes
to saving money,
you must stop
at nothing.
Kick it up a
few notches,
you will be
amazed at the
results. You
have an obligation
to be as good
to the person
you are going
to be in 20,
30 or 40 years
as you are to
yourself today.
Start saving
and spending
with your future
in mind.
0-1
Yes:
What is that
smell? Smoke
from your credit
cards being
overused? Put
them in a glass
of water and
freeze them
solid. If you
aren't in credit
counseling
or bankruptcy
court, both
could be right
around the corner.
Outside intervention
is what you
need now. And
start looking
for a spender
mentor, quick. |
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