I saw someone re-share this old quiz we had featured here in the past, and thought it would make for a fun re-posting and seeing how we’ve changed over the years :)
If you remember this from back in the day, re-take it and see if you’re doing better now! If this is the first time you’re seeing it, take it too and then see how it makes you feel afterwards.
Depending on how you answer, it’ll mean you’re either a Warren Buffett, MC Hammer, or Macaulay Culkin, haha… At least according to CO-OPCreditUnions.org who devised this fun little ditty.
Here we go…. Answer “Always”, “Sometimes,” or “Never” for each of the following statements, and then see below for the answer key. Come on Warren Buffett, come on Warren Buffett!!
The “2-Minute Financial Assessment”
#1. I pay my bills on time.
Always! One of the only things in our life we have control over…
#2. I save 10% or more of my income each month.
Always! Though I do it at the end of the *year* usually vs monthly, but only because I’m self-employed and never know what the year will have in store… I much prefer Dollar Cost Averaging!
#3. I keep three months net income in a “rainy-day fund.”
Sometimes. This last year we’ve had a bit TOO much stashed away, but the three years prior we were definitely on the Struggle Train. I give anyone mad respect for being able to say they *always* have a cushion here! It’s not easy to do!
#4. I plan ahead and save for large expenses.
Never. This is one of my weaknesses, haha… Two years ago it looks like I put down “Sometimes”, but I’m pretty sure I was kidding myself ;) I just can’t ever wrap my head around the future! It’s always changing!
#5. I set and keep financial goals for myself on a regular basis.
Sometimes. I only have ONE main financial goal every year – to max out my retirement accounts. Anything outside of that is extra, and since most times there is nothing much else to invest/save, it usually stops at that :) So I do technically make finance goals, but since they’re always the same one year after year I don’t think it counts all the way…
#6. I follow a set budget each month.
Not anymore! Haha… Net Worth tracking is the new budgeting – didn’t you hear??? ;)
#7. I shop around and compare prices before making a major purchase.
I Always do this… Sometimes to my own annoyance when you should just pick something that’s 80% good and not waste 13 and 1/2 hours trying to save myself $0.50, ugh… Using the honey button at least speeds it up while *online* shopping.
#8. Regularly check my credit report.
Haha, yes. But only because it’s always right in front of me when I log onto USAA or get emails from Credit Karma about my score every month :) I tend not to dwell on it too much if I’m not in the market to take on new debt anytime soon… (and I’ve also got it to where I want it to be – in the 800’s – so I’m out of that “let’s improve our credit score” stage. Something I highly advise focusing on if you haven’t already so you don’t have to worry about it anymore either!)
UPDATE: I read this as “check my credit SCORE” not “credit REPORT” – oops! So I actually lose another point here as I haven’t done that in quite a while either (bad blogger!). And there’s really no excuse for it as you can get these FOR FREE once a year at AnnualCreditReport.com (it sounds scammy but it’s legit). Always good to monitor this stuff in case something funky shows up on it!
#9. I examine my checking account statements each month.
Always. And credit score statements, business account statements, savings, investments, retirement accounts, 529s, net worth reports and even my snazzy coin collection. Never know when one of those guys will get up and sneak away on you! I pay attention to all my monies!!
#10. I look for ways to become more financially aware and educated on a regular basis.
PS: If you don’t answer “Always” on this I’ll know you don’t read my blog every day ;)
How’d you do?? Mostly good? Some trouble spots here and there?
Well if you got a majority of them good you’re channeling Warren Buffett up in here, half or more points in your favor will make you MC Hammer, and then if you REALLY failed the assessment you’re a Macaulay Culkin, haha… Why, I don’t know, (Home Alone was da bomb!) but I’m not in charge of such things ;)
(2 points for every “Always”, 1 point for every “Sometimes”, 0 points for each “Never”)
- 15 points and up = Warren Buffett!
- 10 to 14 points = MC Hammer (I feel like he should be last? Didn’t he go bankrupt??)
- 9 or less points = Macaulay Culkin
It looks like I’ve fallen from Warren Buffett to MC Hammer over the past two years!!! AHHHHHHHHHHHH!!!!
Original posting of this, with my (apparently better) answers, here: Could You Pass This $$$ Quiz? If you were around in 2016, check out the comment section and see how you compare too!
[Spreadsheet shirt up top can be found at TeeSpring!]