Five-Minute Quiz: Your Best Budget

October 20, 2010

The reason budgets fail—or people never try them in the first place—is that the budgeting concept is misunderstood.

Many people believe (or pray) that a budget will solve many of their money problems. A budget is really more like a blueprint: it consists of guidelines of how to build a better financial life. The rest is up to you.

The trick to successful budgeting is to find one that fits your skills, goals and financial style. To find your best budget, take this short quiz:

I need a budget that will help me:

a. Cut back my spending
b. Learn where my money is going
c. Achieve a goal
(e.g. pay off debt, create emergency savings)
d. All of the above

I would describe my money style as:

a. Detail-oriented – I’m a “to the penny” person
b. Loose – I’m all about the big picture
c. Schizophrenic – I keep tabs for a month, then drop the ball

When it comes to technology:

a. I suck. I’m so analog I can barely text
b. I’m a geek, an early adapter of any new whizbang app
c. I’m competent, but not super-comfortable

-MP Dunleavey for Daily Worth

Get the answers & solutions for your budgeting style on DailyWorth.com>

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GIRL TALK TIME: How do you handle your personal budget? What are your tips and tricks? What answer did you get on the quiz? Share away…every comment earns you 2 OMG Points.

Shecky’s