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Savings whiz or easily tempted? How well do you save?

Aussie Home Loans blog

Mortgage Resource

7 years ago

This article was originally published in 2016 and has been updated.

Do you start the month with the best intentions and get sabotaged by a sale in your favourite store? Or are you strict enough to set a budget and stick to it? Take our quiz and get to know your approach to spending and saving. You’ll pick up some valuable tips to becoming a successful saver and get closer to having that deposit together for your first home.

Are you the friend who..?

Always buys the first round.

Arrives in time for happy hour.

Suggests hosting a share plate, BYO dinner party.

Does the maths to split the bill before it reaches the table.

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Your sofa has more holes than a target at a shooting range. Do you?

Keep using it, you already spent big on a holiday last month.

Put a new one on your credit card, to be paid off in a month or so.

Check out Gumtree listings for a local or second hand bargain.

Dip into your savings and start fresh.

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Where do you go looking for spare coins or notes?

In your pockets – you usually toss loose change around.

The back of the sofa cushions.

In the piggy bank.

The emergency section of your wallet

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How do you organise Christmas gifts?

It’s a last minute snatch and grab affair - take no prisoners.

Find a great deal on something amazing and buy one for everyone

Family and friends love your home baking.

Make the most of Click Frenzy and head to the shops in December for last minute extras.

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Saving money …

Is your mission

Is just way too difficult!

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How long can you hang on to an unbroken $50 note?

It’s pretty much gone the minute you leave the house.

Potentially forever, you’re too busy bargain hunting online to be out spending cash.

Maybe a week or two?

Depends if it’s your turn to buy groceries.

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Your savings account is..

Currently empty - no use saving while I’m paying off debts.

Almost at 6 figures - yay

Topped up each month from your salary, but spent when needed.

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You’re wearing something new and a friend admires it. Do you?

Feel really glad you bought it

Tell them they had a two for one deal and you’re glad they like it, because guess what they’re getting for their birthday?

Give thanks for the number of good vintage stores there are these days.

Cringe a bit as you remember how much it cost, but it does look really good!

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You bought new clothes last week but your favourite store is having a big sale. Do you buy something?

Unlikely. If you’ve been clothes shopping already, you won’t have money left for another spree

Definitely. You’ve got to spend to save when there’s an offer like that.

No. You’ve got what you need in your wardrobe right now.

Maybe just one thing. Be rude not to when it’s such a great brand.

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It’s payday! Most of your money will go to

Who knows where to start?

Your credit card bill.

Your savings account.

Your transaction account, with a small chunk for your savings account.

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