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Have you ever really thought about what kind of saver you are?
Well, if you’d like to find out, look no further! Our nifty saver quiz may help you figure out how you like to save, as well as looking at some saving accounts that might be suitable for you.
Just answer all the questions and make a note of your answers to calculate what kind of saver you are!
1. It snowed last night, and your hot water isn’t working – how are you affording to fix it?
2. It’s pay day, how’s your budget looking?
3. You just won the office sweepstake, and the prize was £500, what are you spending it on?
4. It’s halfway through the month – how’s your bank balance looking?
5. Your favorite shop is having a big sale, how do you react?
6. You are unexpectedly available for the family trip next month. What are you doing?
7. Payday’s approaching – how are you feeling?
8. The car has failed its MOT, how are you paying for the repairs?
9. It’s nearing pay day and you’re under budget, what are you doing with the extra cash?
10. Thinking about the future, how do you feel about your savings?
Total up your answers and make a note then look below to see what type of saver you are.
Mostly (A) = The Natural Saver
You’re the kind of saver that doesn’t really need to think about it, you just naturally save every month. You most likely have a healthy savings balance and would never feel the need to take out a loan or pay for things on a credit card.
The Natural Savers are more likely to consider moving some of their savings into long-term, fixed rate savings accounts to take advantage of the higher interest rates. They are clearly good at saving, so may still be able to have some left over for a rainy day in an Easy Access account.
Mostly (B) = The Goal Saver
You’re great at saving when you have a reason to. You like to save in larger chunks for something like a holiday or a new car, but if you aren’t saving for something specific, you normally don’t save.
The Goal Savers may look at different options to suit their savings goal, like a Notice account or an Easy Access account.
Mostly (C) = The Impulse Spender
You like spending your money when you get it and aren’t too worried about saving. You’ve been able to manage your spending and budgeting enough that you haven’t needed to take out a loan or a credit card, but you generally don’t have much money left over to save.
The Impulse Spender is likely to have an Easy Access account. They might not be ready to commit to a fixed rate but want to have an option of putting money away if they have some left over.
Mostly (D) – The Borrower
You live pay slip to pay slip and are struggling to get your debt down. You may be into your overdraft or are borrowing from loans or credit cards. But plan to look at your monthly budget and think about where you can cut your spending.
The Borrowers are likely to have an Easy Access account, so their money is available when they need it. Or have no savings account.
Now you know what kind of saver you are, why not check out our latest savings accounts and learn all about how we can help you save your money in the way that suits you? Find out more by visiting our website.
Your eligible deposits held by a UK establishment of Charter Savings Bank are protected up to a total of £85,000 by the Financial Services Compensation Scheme, the UK’s deposit protection scheme. Any deposits you hold above the limit are unlikely to be covered. Please click here for further information or visit www.fscs.org.uk.
