Are You an Impulsive Spender?
Test Question: Your home is overflowing with clutter and it’s getting out of hand. It’s time for a deep clean. Which of the following would you toss first?
A:
B:
C:
D:
A: Old clothes you can’t wear anymore
Selecting this suggests you’re great at making money—and just as good at spending it. If you like something, you buy it without giving the price much thought. So even with a solid income, you tend to spend most of it and don’t have much left over.
B: Old household appliances
Selecting this suggests you often overspend. You’re an impulsive shopper: when something catches your eye, you buy it on a whim, only to realize later you rarely use it or it wasn’t worth the price. It would help to put some guardrails in place—set aside essentials first, then move the rest to savings or ask a family member to help you hold onto it.
C: Miscellaneous small items
Selecting this indicates you manage money well. Your income might not be high, but you plan carefully. You’re clear about what’s worth buying and what isn’t, avoiding waste without coming across as stingy.
D: Old books, magazines, and newspapers you don’t need
Selecting this indicates you rarely overspend and weigh every purchase, always seeking the best value. However, you’re also conservative about increasing your income and seldom pursue new ways to earn. As a result, you live frugally but don’t build up much savings.