Do you control money or does money control you?

Where do you rate when it comes to your basic knowledge and management of personal finances?

14 True/False questions, take the test now for your instant result.

Select your answer for each of the following questions.

I often spend all of my pay every week

I don't need advice about budgeting, I know what I am doing

I consistently save at least 10% from every pay and never need to use this money later for bills

Continually using short-term loans and making payments on time improves my credit score

I have a written budget that I balance my actual expenses against frequently

I prefer buying things when first released rather than wait until they are cheaper

I regularly adjust my budget to fit my current bills and expenses

Financial advisors always have a hidden agenda or other motive for their advice

A credit card with a 19% interest rate and no annual fees is better than a card with a 1% interest rate and $50 fee

I save money for several weeks to buy something rather than pay by instalments or use my credit card

Giving money regularly to charities/good causes can improve my financial future

I have written goals that I review regularly (3 - 12 months or 2 - 5 year goals)

My last two loans were for items that lose value (E.G. car, furniture etc)

I should use spare money to pay off debt first rather than save it

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