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Opportunity Banka A.D. Novi Sad
Bulevar Oslobođenja 2A
Novi Sad
Tel: +381 21 530 111, 530 024

 

TestHow are your money-management skills?

Test your money-management skills

Here’s a simple test which will show you your money-management skill level. To get the correct assessment, answer truthfully, since the test results are for your eyes only, and there’s no need to share them with anyone, unless you really want to.

Pick the answer that most closely corresponds to your current circumstances:

Please turn JavaScript on in your browser so you can do the test.

1. I pay all my bills (electricity, pone, water, heating, internet, etc.) on time
Always
Sometimes
Never

2. I save up at least 10% of my monthly income
Always
Sometimes
Never

3. I try to have a sum totaling at least two month’s paychecks set aside for those "God forbid something happens" situations
Always
Sometimes
Never

4. When I know I have an upcoming large sum payment (car registration renewal, taxes, textbooks, etc.) I put aside the money in advance
Always
Sometimes
Never

5. I know exactly how I’ll spend my monthly income, and on what
Always
Sometimes
Never

6. I never put aside more than 20% of my monthly income to pay off monthly loan installments
Always
Sometimes
Never

7. Before buying anything, I always first compare prices of several different manufacturers or resellers

Always
Sometimes
Never

8. I take out a loan or use my credit card only to pay for large sums or when I have enough money in my account to cover the entire expense
Always
Sometimes
Never

9. At the end of the month I make a point of checking my bank account statement, so that I can assess how justified were all my expenses and if the bank records matches my personal calculations
Always
Sometimes
Never

10. I try to stay informed of the various ways I can save money, such as discounts, clearance sales, tax deductibles on certain items, seasonal sales, coupons, etc.
Always
Sometimes
Never

Your score:


SCORECARD

15 – 20 points
You have well-developed money-management skills.

10 – 15 points
You’re aware there’s room for improvement and you’re trying to hone your money-management skills.

0 – 10 points
You’ll have to work hard in order to hone and improve your money-management skills.

If you have 15 points or less, or rather, if you fall in the latter two categories, this guide is just the thing for you, because it’ll show you how to create your plan to manage your money in the best and most effective way in seven easy steps. Those steps are:

1. Set your goals
2. Define your income and expenses
3. Separate your wants from your needs
4. Determine your monthly budget
5. Realize your plan
6. Manage additional seasonal expenses
7. Adapt and constantly perfect

Finally, we have the additional "plus 1" step, which we designed as the most concrete way of helping you accumulate small but significant savings that will help you sleep better at night.


Steps