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Should you come to Stephanie's Money Trouble Dinner Party?

10 Questions - Developed by: Ess Bee - Developed on: 2007-04-15 - 5.926 taken - User Rating: 2.25 of 5.0 - 12 Votes

You're invited to attend Stephanie's Money Trouble Dinner Party. Please take the short quiz to determine your need for attending this party. Answer the questions honestly. If you receive a low score, you need to attend. If you receive a high score, all of us who received a low score need YOU to attend so you can share your secrets for managing money. Think about the answers you submit to these questions, we will talk about them at the party. Oh, and you'll get a free meal cooked by yours truly.

1

In the next ten years you see yourself...

Living on the street.

Feeling better than I do today about financial issues, but still struggling.

Paying bills on time and surviving, but still trapped beneath a mountain of student loan debt/car loan debt/credit card debt.

Not worrying about money because I've been following a budget for the past 10 years.

Owning a home (in the Bay Area) and looking into investments.

2

When I receive my pay check I usually...

Set aside money for necessities like food, transportation and spending money - THEN I pay my bills.

Go shopping for all of the things I've determined I MUST HAVE over the past two weeks since I received my last pay check.

Pay all of the bills due that half of the month, and then determine the weekly amounts I have budgeted for spending.

Review my checking account balance and start paying bills before I spend anything on myself.

Have nothing left after all of my bills are paid.

3

When I take cash from an ATM...

I don't use the ATM. I take cash from the bank once a month and set my budgeted amount of cash aside until my next pay check.

I don't look at the receipt, but I put it in my wallet with all of the other receipts I've been saving since last November, thinking I'll check it at some point, like when my rent is due.

I look at receipts on the ground near the ATM and fantasize about having that much in my account, then I crumple the receipt before I have to see my own balance.

I check the balance on my receipt to see that it matches the balance in my check register, and then deduct that amount from my current balance.

I usually take out at least $100, especially if I'm going to get charged $2 to use the ATM.

4

I balance my check book...

Once a month, when I receive my bank statement.

Each time I receive a bounced check.

Once a week, against all of the receipts I've saved over the week, just to make sure my balance matches my spending and budget.

I don't have any money, so why would I balance my check book?

I don't write checks - I just use my check card - so I don't need to balance my check book.

5

I have been sticking to my current budget since...

I got my current job/pay increase. I have budgeted everything I need to spend, in order of importance.

I created one last week when I was bored at work, but I haven't implemented it yet.

I don't have a budget. I just spend until I have nothing left.

I reviewed my last budget and realized it wasn't working for me.

I don't bother with a budget because I know I'd never adhere to it.

6

When people talk about their 401k, investments, savings plans, mortgages, retirement, tax deductions or the stock market...

I quietly walk away and try to find a television with cable so I can watch E! Entertainment News.

I listen intently, hoping I'll pick up on something I can remember and apply to my own system.

I get involved in the conversation, I'm sure others could learn from my experiences.

I don't pay attention because none of that stuff applies to me.

My eyes get glassy and I hear a buzzing sound in my ears.

7

When I think about my money situation...

I get nauseous when I think about money, so I do whatever I can to not think about it. But it haunts me, and I'm scared.

I think about myself begging for money and food on the street, because that's where I'm surely headed.

I think about what I can do to alter my financial plan to better match my current income and long-term goals.

I don't worry about money, because I'm pretty confident that I'm doing well with my current system.

I don't usually think about it - why bother with something that's only going to make me depressed?

8

My parents/upbringing taught me the following about money...

Pay everything on time, even if it means eating beans and rice until payday - there's nothing worse than late bills.

Pay yourself first (savings), you'll thank yourself later; Review your finances regularly; Don't ask us to borrow anything, ever.

Don't be afraid of money, it's only one of the tools you'll have to accomplish what you want.

If you need some help, call us.

Avoid bills if you can't afford to pay them now, eventually someone will call you and remind you to pay them.

9

___% of my monthly income (after bills) usually goes to things such as: Meals eaten out; new clothes/shoes/accessories; expensive electronic gadgets; cigarettes and alcohol; bath and body products I truly believe will alter my life... even though they are 6x more expensive than the store brand; paying off my credit card debt.

5%

60%

100%

25%

I have no idea.

10

If I was invited to attend a dinner party with other people in my same situation were there sharing their stories about how they manage their money... or don't manage their money... I would...

Go for the free food.

Probably have a lot of information to share, I'm pretty good with money.

Bring a notebook and plan to take down everything I hear.

Rather die a horrible, painful death... alone... in the barren desert of my frustration.

Be humiliated at first to talk about money, but hopefully I'd open up and learn something.

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