Page 21 - Book11E

Let’s Review
Select your answer to the following questions to see how your attitude about using your money wisely adds up. See if you feel good about your answer or if you would like to be able to answer differently. If you would, decide on one thing you can commit to in order to get closer to the answer you would like to give.
1 . When you receive your paycheck, you:
a. Have money deducted for your retirement plan and use what’s left for your well-planned budget.
b. Pay off all the bills that have been piling up since your last paycheck until there’s nothing left.
c. Go on a shopping spree; you’ll pay the bills later.
d. Put it all in savings.
2 . When your favorite store announces a going-out-of business sale, you:
a. Call to check the credit limits on all your cards and get in line early the first day of the sale.
b. Check your mental list of what you were planning to purchase over the next year and decide if you should buy any of it now.
c. Stay home. You don’t trust yourself at sales.
d. Buy your dream item; you’ll skip saving this year.
3 . What is the highest interest rate you pay on a credit card?
a. You take what you can get.
b. 27%
c. 7%, because you switch cards to the lowest introductory rate every chance you get.
d. 10% but it doesn’t matter because you pay off your credit bills each month.
One Penny at a Time 13