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Money Personality Quiz_1

Post on: 19 Июль, 2015 No Comment

Quizzes are now becoming a lot more popular nowadays. In facebook, there are so many quiz applications from a quiz on your personality, moods, hairstyle, songs, movies, etc.

Upon browsing Salves Money Smarts. I recently took up the Money Personality Test that I found. And the results are quite accurate as for me with regards to my personality on money.

The results said that I am a Micromanager. What does it mean? Read the description below:

Micromanagers love planning, planning, and then planning some more! Their budget is usually designed to avoid surprises and in preparation for any foreseeable contingency. Micromanagers can become very uncomfortable if an unforeseen expense arises. They often can tell you how much they have in the bank to the penny and how much they spent this month on groceries, etc.

Micromanagers are often comfortable with spending money on luxury items, as long as they are planned for and built into their budget.

Micromanagers are rarely susceptible to investment schemes. However, they may sometimes miss out on good opportunities as they repeatedly explore the pluses and minuses of an investment. If a micromanager does invest, it will tend to be in more conservative ventures such as bonds or CDs.

If you dont feel your micromanaging to be excessive or cause you or your loved ones tension, this may be a very effective style of money management for you. If you find yourself spending an excessive amount of time reviewing your budget to the detriment of other spheres of life, you may wish to explore developing more effective coping strategies.

Although I started investing in bonds thru Unit Investment Trust Funds and Mutual Funds, I recently shifted to a more risky investments in stocks and equity funds.

How about you, whats your money personality? Is it accurate also? I would love to hear your results. Leave your comments.