How does your spending measure up to others your age? I just took PayPlan’s free quiz as part of their #DiagnoseYourSpending campaign, and I’m pretty happy with my results. Some of it probably has to do with the fact that I’m a recent immigrant, so a lot of the credit options that others have simply aren’t yet available to me until I build up my credit rating.
This is good though, as it forces me to think twice about my spending and proceed only with purchases that I actually needs. My result was that I’m Financially Savvy which was nice to hear, but it definitely took me a long time to get here. In my early twenties, I had a ‘pay now, figure it out later’ philosophy, which almost wrecked my credit rating at home when I forgot about a credit card.
One thing I’ve found is that the more you save, the more you want to save- even if you start small. For me, it helps to have goals in place. It’s no fun saving simply because you ‘think you should.’ Instead, think about what those savings will mean to you- whether it’s the freedom you’ll feel when you own your own property, or even the thought of going on a much-needed vacation.
For many people, finances are something that they don’t really talk about. They’re seen as personal for some people, and even shameful for others. But when we talk about finances and smart money strategies together, we’re more likely to learn from each other. And when we open up about our own money struggles, we’re able to look at our situation more logically and take help when it’s offered.
Not sure where you stack up? Take the quiz and spend a few minutes setting some financial goals.