Activity 4

Piggy, piggy bank!


ARE YOU SPENDER OR A SAVER?

Have you got what it takes to save a heap of cash or does money run through your hands like water?

In this activity there are not correct or wrong answers, just choose an option and review your results to discover "ARE YOU SPENDER OR A SAVER?"

1. You’re in town and spot the perfect coat but you only have half the cash to pay for it. What should you do?
a) You should phone your parents and scream until they agree to come and buy it.
b) You should borrow some cash off your friend and pay it back.
c) You should resolve to save up.
Correct.
Wrong.
2. How often do you put credit on your mobile?
a) As soon as you cannot make a phone call.
b) As soon as you get some money.
c) Once a month, even if you use it within a week.
Correct.
Wrong.
3. Your friends tell you about a cool festival they want to go in a few months’ time. The only downside is that tickets are £100. What’s your plan?
a) You should do nothing until the week before. You know your mates will chain their minds.
b) You should ask your parents to pay for half.
c) You should start saving like mad.
Correct.
Wrong.
4. How do you do most of your shopping?
a) Only the best for you, darling. You love all the top designers!
b) On the high street.
c) You buy online to get the biggest bargains.
Correct.
Wrong.
5. What’s your main source of income?
a) You just ask my parents when you want money.
b) Money from a regular job.
c) You save up money from birthdays.
Correct.
Wrong.
6. You’re given £100 for your birthday. What do you do?
a) You should buy all you want.
b) You should spend a set amount and put the rest aside in case you see something you really like.
c) You should put it all in my savings account.
Correct.
Wrong.

The results: So are you a penny pincher or a super plurger? Here’s what we say:

Mostly As
You like to spend, spend, spend and don’t care who knows it or whose money you’re using. Spending a wad of cash can be a great feeling but once the buzz has gone, you’re left penniless. You should hold back a bit with your finances so that you don’t miss out on some of the spending opportunities that might come your way.

Mostly Bs
It sounds like you’ve got the balance right between spending and saving. You’re responsible for your own outgoings and pretty much in control of your finances, you should ask when you need a little help.

Mostly Cs
You’re quite the penny pincher! If there’s a bargain to be had or a saving to be made, you’re on it straight away. You should save money and you shouldn’t spend the lot in ten minutes.