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Do you have a spending problem?
You probably know what you're supposed to do with your money, but how often do you do it? Take this quiz to find out whether you need to make a few changes -- and how.
1.
When planning your annual vacation, you:
Wait until the last minute and end up spending too much.
Mean to take a vacation but can never seem to spare the money.
Use money set aside in your budget, or plan a trip based on how much you've got.
Go 'all out,' reasoning that you deserve it, and you'll figure out how to pay for it later.
2.
When you receive your paycheck, you:
Have money automatically skimmed off the top for your 401(k) plan and regular savings accounts. You know what you need for your bills and don't spend more than what's left on fun stuff.
Pay those bills that have been piling up ... well, most of them.
Deposit it and go on spending without really knowing how much you have left. It usually works out.
Squirrel away as much as possible -- you'd feel guilty if you spent any on yourself.
3.
When your favorite store announces a going-out-of business sale, you:
Grab your credit card and get in line early the first day of the sale. You plan to spend big.
Think about what you need and decide what you can afford now.
Stay home. You don't trust yourself at sales.
Buy your dream equipment; you'll skimp in other areas this year.
4.
Which of the following offers the highest interest rates?
Treasury bills.
Money-market mutual funds.
Bank certificates of deposit.
Bank money-market accounts.
5.
What is the highest interest rate you pay on a credit card?
You take what you can get.
18%, the average.
5.9%, because you switch cards to the lowest introductory rate every few months.
10%, but it doesn't matter because you pay it in full each month.
Data providers
Copyright © 2009
Thomson Reuters
.
Click for Restrictions.
Quotes supplied by
Interactive Data Real-Time Services
.
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