1. You have won £15,000
on the lottery. Do you |
(a) |
consider all the options carefully,
consult your financial adviser! |
(b) |
have a holiday, buy a new car and put what's
left into your savings account? |
(c) |
have a holiday, buy a car
and then wonder how on earth you are going to pay your
bills this month? |
|
|
2. Can you
estimate your total debts (excluding mortgage)? Do you
owe |
(a) |
nothing apart from your
magazine subscription? |
(b) |
£2,000-£5,000 on
the
car finance and overdraft? |
(c) |
more than £15,000 and increasing
every
day? |
|
|
3. When
you get your monthly bank statement do you |
(a) |
open it, check it carefully against
your records and then file it? |
(b) |
open it, think "I must
try not to go overdrawn next month" and put it
in the bin? |
(c) |
leave it unopened and put it
straight in the bin? |
|
|
4. Do you
keep records of your monthly expenditure? |
(a) |
Yes. |
(b) |
No - but I have a good idea of how
much I spend every month. |
(c) |
No - no idea. |
|
|
5. Is your
mortgage |
(a) |
paid on the dot every month by
direct debit? |
(b) |
paid every month but I did miss a couple
of payments last year? |
(c) |
three months in arrears and
about to become four? |
|
|
6. How many
credit cards do you have? |
(a) |
0-2 |
(b) |
3-4 |
(c) |
more than 4 |
|
|
7. How much
do you owe on each of them? |
(a) |
Nothing - I clear the balance each
month if I use them. |
(b) |
It varies - sometimes I clear the balance,
other times I clear it the following month. |
(c) |
I am up to the limit on three of my
cards and on the others I owe between £500-£1,000. |
|
|
8. When
the phone rings do you |
(a) |
think: "Is that my bank manager
ringing to wish me Happy Birthday?" |
(b) |
wonder who that is? |
(c) |
not answer it - it might be that horrible
debt collections agency again? |
|
|
9. How do
you pay your bills (electricity, water rates, council
tax etc)? |
(a) |
By direct debit. |
(b) |
I usually send a cheque when the red
bill arrives. |
(c) |
I have a "budget" account
but it is always overdrawn. |
