So we’ve talked about having your own teen business and have discussed several ways of making money online. We thought it would be important to know as well if you’re good at keeping money as much as you are making them. Do you have surefire ways of saving what you’ve earned, or do you spend them immediately after you have them in your hands? Are you good with money? Take the quiz below to find out.

1. You received $100 from your parents as a birthday gift. What’s your plan?
   A / Deposit at least half of the money in the bank before spending the rest on what you want.
   B / Put it straight into my college fund. I can do all the partying I want to do once I’m older.
   C / Road trip! Party! Shopping spree! This is the time to spend money guilt-free. Besides, it’s your birthday!
2. Your lemonade stand just made a whopping $350 today because of the afternoon heat. What do you do with it?
   A / Buy additional materials like juicers and pitchers to anticipate even higher demand.
   B / Deposit in the bank and update my records immediately.
   C / Buy that pair of shoes I’ve been eyeing all month. Now that I have the means to buy it, why waste the opportunity?
3. You are out with your friends for your weekly get-together. It’s now time to pay the bill. You:
   A / Give money for your share, and maybe more if you have any to spare. If you get change back, it’s cool. If not, it’s cool, too.
   B / Get the bill and compute for how much everyone has to pay exactly plus tax.
   C / Pay for the whole dinner. Why not? You can afford it. Your friends will appreciate the gesture.
4. You have a meeting with a potential client that you need to impress. You:
   A / Dress smart, leave the house early and take public transportation that will not mess up your attire. Meet at a quiet coffee shop or at the client’s office.
   B / Suggest an online conference via Skype and webcam. More convenient and such a money-saver.
   C / Have lunch or dinner at a popular restaurant. If you want to impress, you have to go all the way.
5. After paying all your bills, you are left with a pocketful of change. What do you do?
   A / Save half in a coin bank at home, keep the other half in your pocket in case of emergencies.
   B / Keep all in the bank. A penny is a part of a dollar, too.
   C / Give away to those who want them. They serve no purpose to me whatsoever.
6. Your last business idea sucked and you have no money left. Your plans:
   A / Come up with another business idea and try again. Get a job in the meantime if necessary.
   B / This will totally never happen to me because I have my future planned since day one.
   C / Thank god for parents. I can live off their charity, right?

Your score:

Mostly A’s = You’re Getting There
Sometimes you can’t help but splurge a little. It’s okay, it’s human nature. But you’re also conscious of money’s importance to you, which is a good thing. You also know when to back off and have a little fun – that’s important, too. You’re the type of person to spend money if you can afford it, but you can also refrain from doing so if it’s not within your budget. As for your business, you know when to let go of the money in exchange for potential profit – this is good business thinking, and might get you far in the future.

Mostly B’s = You Can Be A Bit Uptight
So you are probably rich right now, or about to be. That’s good. You hold tight to your money, and you know its value and how much it affects your life. You give money a big priority, and there’s no doubt that with this attitude you are bound to be successful one day or another. Just remember though, that sometimes it’s not all about the money. You have to learn to let go of it a little bit, if you want to enjoy life and the relationships around you.

Mostly C’s = You Are Spending Too Much
You live in the moment and are very carefree. On one hand it’s a great attitude towards life, on the other hand, if not controlled it can also become the road towards bankruptcy. You need to learn how to control your spending habits, and to know when to use up the cash and when not to open your wallet. You have to live within your means and not present a front just to impress other people. Also, you need to invest more efforts towards learning how to become financially independent, and not just relying on your parents. You also need to take care of your business’ funds – just because you make money doesn’t mean that you have to spend all of it.

About Erica: My name is Erica and I like writing and using my imagination in order to be productive. I believe that creativity is the key in becoming successful, no matter how young or old you are! :). So as the webmaster of TMMI, I'll be sharing some of the ways I found to not only make money but be creative too! Continue reading...

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