How good are you with money?

Christmas is six months away, and you always buy your friends and family gifts. How do you budget for Christmas?

I make enough money so I don't have to think about a Christmas budget.

However much money I have when I start buying is my budget.

I start saving in advance for my Christmas gift budget.

A good friend asks to borrow money from you. It's more than you have in cash and so, you have to transfer the money. What do you do?

Lend my friend the money with no hesitation.

Lend my friend the money, but ask a couple questions including when you will be paid back.

Ask some questions first, and tell your friend that you will think about it first.

I will not lend my friend the money.

You will be buying a car and will need to finance the purchase. Which answer best describes you?

Put 50% down, and finance the balance until the end of the term.

Put 50% down, and finance the balance for one year.

Put no cash down, and finance the full balance until the end of the term.

If you win a $1 million, you can receive one lump sum payment of $600,000 immediately or 30 years of payments totaling $1 million. Which do you do?

Take the lump sum payment of $600,000, and lose $400,000.

Take 30 years of payments for the full $1 million

You are 100 000 CZK in debt with loans and credit cards. You want to pay off this debt as fast as possible. What do you do?

Consolidate all the debt on a single loan or credit card, then pay this off as fast as possible..

Pay off the smallest debt first as fast as possible.

Continue to make the minimum payments until all the debt is paid off.

Borrow money from family or friends to pay off the debt, and then pay back your family or friend.

Which statement best describes you? I track my expenses...

Every week

Every month

Every year

Never

Which statement best describes you having a 2-year financial plan?

I know my 2-year plan because I think about it all the time.

I wrote my 2-year plan detailing my goal and what it will take to achieve my goal.

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