Savings Quiz

Do you squirrel away your money or spend like there’s no tomorrow? Find out in our fun quiz.
1. What’s the most effective way to save petrol?
a. Turn off the air conditioning.
a:
b. Take a route that avoids all the traffic lights.
b:
c. Open the windows.
c:
2. If you get a bonus, you…
a. Spend it, duh. That’s what bonuses are for.
a:
b. Stick it in the bond. That’s a lot of interest saved.
b:
c. Spend a little, pay off debts with the rest. It’s all about balance.
c:
3. Do you have loyalty cards or belong to loyalty programmes?
a. No.
a:
b. Yes, and mostly I use the points / miles / cashback I get.
b:
c. Yes, but it’s such a schlep spending the goodies that I don’t really bother.
c:
4. Do you bring a packed lunch to work?
a. Usually.
a:
b. No.
b:
c. Sometimes
c:
5. How often do you buy new shoes?
a. Once a season.
a:
b. Depends on how the next season’s fashions play out.
b:
c. I wear them until they’re finished.
c:
6. You can cut down on your water bill most effectively by…
a. Showering (especially with a friend).
a:
b. Replacing your swimming pool system with a salt-water system.
b:
c. Channeling your roof runoff into tanks and using that on the garden.
c:
7. How much debt do you have?
a. A fair amount, but there’s light at the end of the tunnel.
a:
b. None, or hardly any.
b:
c. I’m buried under it.
c:
8. Which of these will give you the most money at the end of the year?
a. Putting R250 each month into an account that pays 10% interest.
a:
b. Putting R3 000 at the beginning of the year into an account that pays 7% interest.
b:
c. Putting R3 000 in a box under the bed.
c:
9. Which is the least favourable deal?
a. Three for the price of two.
a:
b. 50% extra free.
b:
c. 30% off.
c:
10. What’s the best way to save for retirement?
a. Tie yourself in with a company that has a good retirement scheme.
a:
b. Haven’t got resources right now for retirement saving: every cent I earn is already accounted for. I’ll sort it out later.
b:
c. Set up a private plan, and invest steadily no matter what else comes up.
c: