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Have You Got What It Takes To Save?

Have You Got What It Takes To Save?

Are you serious about starting to save your money?
How well can you manage a savings account?
Do you have what it takes to be a regular saver?

This will test your strength . . . read the questions below and then click in the circle to mark the response that applies to you.

Strong and disciplined not to touch it under any circumstances until you reach your end savings goal
Disciplined enough to let it build up a bit more, but then you eat it away bit by bit
Tempted to keep pulling the money out and spending it
Reasonably disciplined that you only touch it if you have an emergency
Use a standard transaction / passbook account at a financial institution (bank, building society, credit union etc)
Put it in a money box / piggy bank / hide it in a secret location at home
Use investments or a high interest bearing accounts / internet savings account at a financial institution (bank, building society, credit union etc)
Give it to someone else to mind for you
Wait until you are ready to go and then work out how you are going to fund your trip
Start to save as much as you can each month over the next 18 mths and hope that you get to $8,000
Wait a few months before thinking about the financial side of the trip as you have other interesting things to work out
Establish a saving goal now and start to put aside $445 a month over the next 18 mths
Scrape together what cash you could and then borrow the rest of the money
Borrow the money and go and buy it
Defer the purchase and set up a savings plan to build up these funds as a short term goal
Sell some assets (such as your car / tools / equipment / furniture) to get access to the cash
Look for ways to increase income and put this extra money straight into a saving account
Try and see where you can trim down your expenses and get some extra money available to save
Just wait it out and get there in 18 mths time
Look at borrowing some money to kick you along a bit quicker
Try and put a bit away into savings but it usually doesn't work out too well
Increase your level of spending to absorb that extra money
Set the increased amount aside and put that whole amount into your savings each pay period
Put a set percentage into savings and use the rest for spending
Save whatever is left over which is usually none
Save an irregular amount
Save at least 10% of your income
Save in excess of 10% of your income
Work out how much you need to put aside now to reach your goal within your expected time period
Ignore the cost of the goals
Prioritise your goals based upon their cost and the amount of funds you have available to save for your goals and the timeframe you have to work with
Consider how much the goals are going to cost you
Remain committed, hit your planned target and keep going to save even more money
Manage to stay focused and achieve what you set out to. However you then stop saving money.
Have good intentions but it all falls apart in the first few weeks
Set the wheels in motion but it only last a couple of months
Save all surplus money that wasn't required for other commitments
Save a set amount each and every month to build up money for future expenses and any emergencies
Spend all that you earn
Put a regular amount aside for emergencies, but spend the bulk of your salary

After you have selected all of your answers, click the Show my results button.

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