Are you a shopaholic? Take this quiz to find out

Some people are addicted to shopping and can’t control their urge to spend. Take this test to find out if you are one of them and how you can get over the addiction to splurge.

1. How often do you go shopping for clothes and gadgets?
A) Once in 2-3 months
B) Once a month
C) Every weekend
D) Whenever I get time

2. If an item is being sold at a big discount, what will you do?
A) Assess if I need it
B) Buy for later use
C) Buy for gifting
D) Buy before it’s gone

3. How often do you browse shopping portals?
A) Once a month or so
B) Once a week
C) Once in 2-3 days
D) Every day for daily deals
4. When you go shopping, what is your preferred payment option?
A) Cash
B) Debit card/Netbanking C) Credit card
D) Credit card with EMI option

Also Read: Why women enjoy shopping but most men don't

5. How much of your monthly income do you spend on nonessential* items? (*eating out, entertainment, clothes, gadgets)
A) Less than 5%
B) Up to 10%
C) 10-20%
D) Over 20%

6. How many times did you roll over the credit card bill in the past one year?
A) Never
B) Just once or twice
C) 3-4 times
D) 5 times or more

7. Do you shop secretly without telling your spouse or family?
A) No need to be secretive
B) Rarely in such situation
C) Sometimes, if price too high
D) Yes, to avoid arguments

8. Do you follow a budget for monthly expenses and investments?
A) Have budget and follow it
B) Have budget but sometimes don’t follow
C) Have budget but expenses overshoot
D) Don’t have a budget to follow

Also Read: Are you over-spending on shopping? Here are tips on how to avoid it

9. How much do your monthly expenses affect your savings and investments?
A) Sufficient sum invested every month
B) High expenses force cuts in investments
C) Don’t have money to invest after expenses
D) High expenses force me to borrow

Score yourself on the following basis. Then add up the points to know how much you have scored.
A- 4 Points
B- 3 Points
C- 2 Points
D- 1 Points

32-36 POINTS
Congratulations. You are a careful spender and are not likely to fall for the tricks that companies and retailers use to make you loosen your pursestrings.
24-31 POINTS
You are careful but need to control your shopping lest your expenses derail your financial goals. Set a budget for various expenses and follow it strictly.
16-23 POINTS
You are very close to the danger zone. Address the problem before it shows on your financial health. Junk your credit cards, uninstall shopping apps and don’t visit the mall.
9-15 POINTS
You are in big trouble and need professional help to cure your addiction to shopping. Throw away credit and debit cards and stop visiting the mall.

Also Read: How to spend wisely