What's Your Money Personality

Spender, saver or totally out of control? Our financial personality quiz could be your first step to mastering your finances.

- Megan Rowe

Saving your hard-earned dollars or sorting them into smart investments can help you achieve your goals sooner. But we all know that’s easier said than done. The first step to living your dreams is realising what type of spender you are.

“As a wealth adviser, I meet all types of financial personalities,” says Leah Oliver (above), CEO and founder of Minnik Integrated Financial Solutions in Sydney. “However, the majority of people will spend everything they earn and then reach for debt, particularly credit cards and asset finance.”

Answer these five questions for Leah’s tailored advice.

1 You have been unexpectedly gifted $10,000. What would you do with this windfall?

A Buy a new car

B Put it in your savings account

C Invest it to make more money

D Hit the shops and blow it all on a new wardrobe

2 How do you handle your credit cards?

A I usually pay the minimum payment but, then again, I have missed a few lately

B I have one, but I pay the entire balance due every month

C I don’t believe in credit so I don’t use them