Am I Spending Too Much Money?
Have you been spending some money these days and are unsure whether you are spending too much? "Am I spending too much money?" This quiz is for you if this question comes to your mind. Money is earned so that we can spend it. But that doesn't mean that spending on everything or everywhere without considering money's usefulness and the value of savings is good. If you spend too much money, you may face some financial troubles. Let's find out if you need to be more careful with how you spend your money.
- 1.
Do you end up buying useless things you don't need much?
- A.
All the time
- B.
Sometimes
- C.
Vert rarely
- D.
Not even a single time
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- 2.
Do you throw parties for your friends every now and then?
- A.
Yes
- B.
Sometimes
- C.
On special occasions
- D.
Not at all
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- 3.
Do you buy clothes you wear only two or three times?
- A.
Too many times
- B.
Sometimes
- C.
Rarely
- D.
Never
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- 4.
Do you buy things at a higher price that you could easily get somewhere else at a lower price?
- A.
Always
- B.
Many times
- C.
Only cheap things
- D.
Never
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- 5.
Do you use credit cards more than debit cards?
- A.
I only use credit cards.
- B.
Mostly, I use credit cards.
- C.
No! I use debit cards more.
- D.
I only use debit cards.
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- 6.
Do you keep a count of how much you spend?
- A.
Never
- B.
Sometimes
- C.
Usually
- D.
As much as I can
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- 7.
Do you buy new gadgets like mobiles & laptops even when the old ones are working fine?
- A.
Yes
- B.
Umm... Sometimes...
- C.
Only if my gadgets get very old
- D.
Not at all
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- 8.
Do you buy subscriptions or memberships that you don't take benefit of?
- A.
Always
- B.
Sometimes
- C.
It happens rarely.
- D.
Never
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- 9.
Do you spend money on high-branded things to impress other people?
- A.
All the time
- B.
Yeah
- C.
Not really
- D.
Not at all
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- 10.
Around what percentage of your income do you save?
- A.
I save less than 30 percent of my income.
- B.
I save 31 to 50 percent of my income.
- C.
I save 51 to 70 percent of my income.
- D.
I save more than 70 percent of my income.
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Our quizzes are rigorously reviewed, monitored and continuously updated by our expert board to maintain accuracy, relevance, and timeliness.
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Current Version
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Nov 16, 2023Quiz Edited by
ProProfs Editorial Team -
Mar 03, 2023Quiz Created by
Keith Foster
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