How Financially Savvy Are You?

How you handle your finances says a great deal about the kind of adult you are. 

Whether you’re the type to check your bank balance three times before buying a plate of jollof or you genuinely believe “savings” is just a synonym for “money I haven’t spent yet,” take this quiz to find out. 

Which of these best describes you?

Only God knows how I’m funding this lifestyle

Every extra 5 naira enters my Piggyvest

I have no savings, but at least I’m not in debt

I’m trying to get my money to work for me, but till then, I’ll keep eating it

I just might retire by 30 with the way I’m investing

Correct!

Wrong!

Do you have more than one stable income source?

Multiple? Did you ask if I even have one?

No, my salary is more than enough

I have a few small side gigs

I have 2–3 income sources

I have 4+

Correct!

Wrong!

If you lose your job today, what happens?

My savings will cover me for the next few months.

I’m good, I have enough side hustles to feed a family of four.

I’m going back to my family, please, I’m loved at home.

I have investments I can cash out on

Ah! I’ll have to sell my kidney to survive

Correct!

Wrong!

What do emergency funds mean to you?

Money I can spend after I’ve finished my salary

Money I can only touch when I’m close to death

Emergency funds? What’s that?

Money I keep aside for when I need to buy Asoebi or attend a Rema concert

Correct!

Wrong!

How do you track your spending?

As the spirit leads

I have my spending history in the back of my mind

Excel/Notes app

With my transaction history

With budgeting apps. I don’t play about it.

Correct!

Wrong!

How do you decide before impulsively buying something above ₦20k?

Decide? If I perish, I perish abeg

I check and double-check to make sure I can afford it

I only buy it if it’s absolutely necessary

I don’t make impulse purchases unless I have extra income

I plan and save for it first

Correct!

Wrong!

What’s your saving culture like?

If I’m not saving towards something, then what’s the point?

I have emergency funds but no savings

I would like to save for rainy days, but it’s always raining over here

I always end up spending it all anyway

I don’t believe in savings

Correct!

Wrong!

Which of these investment types have you tried?

None. Online money is scary abeg

Mutual funds/ETFs, Stocks, crypto, REITs etc

I’ve put a little money in stocks before

Does the money I saved in Cowrywise count?

I have land and gold somewhere

Correct!

Wrong!

If someone gives you ₦50k today, your first thought is…

‘Free money I can spend on whatever’

‘Straight to my Piggyvest’

‘How do I multiply this money?’

Keep it aside; you’ll decide later.

Extra help with my bills

Correct!

Wrong!

Pick your money fantasy:

Monthly alerts from a business you don’t manage.

A salary that triples every time it hits your account

A shop that sells out every week.

A Rich partner.

A million shares in Google

Correct!

Wrong!

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