Test Yourself

Money Habits I Have Always Sometimes Never
Answered: 0/20 Your Score: 0

Understanding Your Score

All of the above habits are good habits – they will take you a long way on the journey to becoming self sufficient and financially independent. 

190+ You are well on the way! You have good habits and are doing many of the things to ensure you become financially independent. Have a close look at those you didn’t score a 10 on and consider how you might take them on board – they will help you to improve on what is already a great performance. Well done! 

130 + You are doing well. You must be doing most things right at least some of the time. Ask yourself why you are not more consistent – you obviously know a lot of what you need to do. Is it your attitude that’s stopping you? Is your partner or your friends derailing you? If you did a bit more of the right stuff consistently your performance would rocket up. 

80+ Well, you can’t plead ignorance! You either have some good habits because you picked them up along the way (perhaps your family had a good model for managing money?) or you are in the process of changing your ways, but have not quite got there yet. Examine the ones you scored poorly on and pick a few that you feel you can change immediately. You’ll be so delighted with the difference in your money performance that you’ll be hooked and back for more before long. 

50+
 You either don’t really care about your money or your not sure what you need to be doing. You need to attempt some of the habits on this list ASAP. Read on for a better understanding of why these will work for you. 

30+ Your finances must be in a sad state. The only way from here is up. Take 5 of these habits this week and start doing them. Then take another 5… You will never be free and independent if you do not take action to change your habits – but the good news is that if you do adopt these habits you will be in charge of your money and your future. 

0-30. This is Disaster Zone. Are there any bright spots? It’s time you made changes and you need to do so immediately. Remember anyone can do this – and do it well. Read on. Small changes will make a very big difference if you stick at it. 


Changing Habits

Remember that all it takes to be good with money is to do most of the right things most of the time. Look at the list above and: 
  • Start doing the ones you never do 
  • Do the ones you sometimes do more often 
  • Keep doing the ones you always do 
These are the good habits that help you stay on top of your finances. People are largely unaware of their behaviour with money – it’s not something we talk about very much and often something we don’t think about until we are in trouble. 


Help yourself make changes

Many of us struggle with making changes. After all, most of us know what we should do – like eat less, exercise more, get eight hours sleep and so on. We have the knowledge, but often do not implement it. So give yourself some support to change. Below is a suggested list of things you could try: 
  • Make a copy of these habits and check off how many you have done each week or each month. This will make you conscious of what you are doing and allow you to see progress. 
  • Get a friend to help. Agree that you are both going to improve your money habits. Meet and compare notes on how you are doing and share tips for improvement 
  • Set aside a time each week for dealing with money stuff and take care of bills, online accounts, etc. Without a regular routine it’s easy to forget these things or put them on the backburner until they become urgent or you are incurring penalties. 
  • Reward yourself − when you have met your goal of changing a habit (or habits) have a treat – have a long hot bath, eat your favourite food, watch a video − or whatever works for you as long as it does not blow your finances!