Welcome to the Frugal Test
Please enter your first name and answer each question. The button at the bottom will score your test and tell you your score. Your answers are confidential. Good Luck!
1) What is your most favorite thing to spend money on?
Choose one... Car enhancements Charities Clothes/Shoes Education Entertainment Family Friends Home improvements Hobbies Investments Myself Retirement Travel Real estate investments Please select an item.
2) When you make purchases over $100 which of the below do you do?
Choose one... Ask my spouse / significant other what they think first Buy it quickly and close to home to save time and gas money Extensively research the product first, and find the best price I don't buy that many things over $100 I just buy it Think about it overnight and if I still want it the next day I buy it Please select an item.
3) When you buy things, you like to buy them: (Check all that apply)
Please make a selection. New Used Only when I need them Just because I want them
4) Did you lease or buy your current vehicle?
Choose one... Lease Buy I don't own a vehicle Please select an item.
5) Was your current vehicle acquired new or used?
Choose one... New Used I don't own a vehicle Please select an item.
6) How often do you replace your vehicle(s)?
Choose one... 1 - 2 years 3 - 4 years 5 - 7 years 8 - 10 years Before the factory warranty expires I don't own a vehicle Please select an item.
7) How many personal credit cards do you have? (Do not include those issued by your work or used for your work.)
Choose one... 0 1 2 3+ Please select an item.
8) How do you pay your credit card bill(s) each month?
Choose one... I pay it in full I make the minimum payment I make the minimum payment plus an extra amount I don't have a credit card Please select an item.
9) What type of mortgage do you have?
Choose one... I don't, I rent I don't, my mortgage is paid off ARM (Adjustable Rate Mortgage) Interest only mortgage 15 year fixed rate mortgage 30 year fixed rate mortgage Please select an item.
10) In the last year did you pay any additional principal on your mortgage?
Choose one... Yes No I don't have a mortgage Please select an item.
11) How many times per week do you buy bottled water or a prepared beverage (non-alcoholic or alcoholic)
Choose one... None 1 - 2 3 - 5 6 - 7 8 or more Please select an item.
12) How many times on average per week do you eat out? (Any meal of the day. Also includes take-out / delivered food.)
Choose one... 1 - 2 3 - 4 5 - 7 8 or more Please select an item.
13) What percentage do you tip when dining out?
Choose one... 0% 10% 15% 18% - 20% 25% or more I don't know Please select an item.
14) What amount do you tip on?
Choose one... The total bill The bill before tax I don't know Please select an item.
15) What percentage of your take-home pay do you save / invest / put away for retirement?
Choose one... 0% 5% 10% 15% 20% or more Please select an item.
16) Where do you invest your money? (Check all that apply)
Please make a selection. An emergency savings fund Hedge funds Index funds Individual stocks Mutual funds - No Load (= no up-front commission) Mutual funds - Load (= up-front commissions) My financial education Professionally managed funds Real estate Regular savings account Retirement funds (IRA, 401(k), Roth 401(k), etc)
17) Who looks after your money?
Choose one... Me My accountant My banker My financial advisor My financial advisor and me My spouse / significant other My stockbroker No one Please select an item.
18) Do you put money into any Health Savings Accounts or State related Education Funds?
Health Savings Accounts Choose one... Yes No I don't qualify (my health insurance deductible isn't high enough) Please select an item. Education Funds Choose one... Yes No I don't have any kids that will be going to school Please select an item.
Health Savings Accounts Choose one... Yes No I don't qualify (my health insurance deductible isn't high enough) Please select an item.
Education Funds Choose one... Yes No I don't have any kids that will be going to school Please select an item.
19) If you are married, did you sign a pre-nuptial agreement?
Choose one... Yes No I am not married Please select an item.
20) Do you have a will and/or a revocable (living) trust?
Will Choose one... Yes No Please select an item. Revocable (Living) Trust Choose one... Yes No Please select an item.
Will Choose one... Yes No Please select an item.
Revocable (Living) Trust Choose one... Yes No Please select an item.
21) What do you spend more of when pursuing your hobbies?
Choose one... Time Money More TIME than money (but still both) More MONEY than time (but still both) Please select an item.
22) When you plan a vacation, you: (Check the TOP THREE that apply)
Select at least 3.Select no more than three. Book it through airline, hotel and rental car sites directly Book it through an online travel web site Go with the packaged trip offers for convenience (air, hotel, car) Let a live travel agent book it Plan trips in the off-peak season months Research trips on and off-line Use frequent flyer miles if it's a long trip Wait until the last minute, regardless of cost
23) When you get your paycheck, you:
Choose one... Celebrate by treating myself to something nice Have deposits automatically made to savings / retirement / investment accounts first Pay my bills and then see what's left Sometimes I can't cover my bills so I dip into savings until things get better Please select an item.
24) About your health:
Exercise Choose one... I work out regularly I work out sometimes I need to lose a few pounds Please select an item. Smoking Choose one... I don't smoke I smoke regularly I smoke infrequently, maybe when I have a drink Please select an item.
Exercise Choose one... I work out regularly I work out sometimes I need to lose a few pounds Please select an item.
Smoking Choose one... I don't smoke I smoke regularly I smoke infrequently, maybe when I have a drink Please select an item.
25) Do you live on less than you make each month?
Choose one... Always Usually I'm trying but it's hard No way, I need a raise Please select an item.
You're done! If your browser cooperates you might want to print a copy of your Frugal Test before you click the scoring button below: