Financial Truth or Dare

by Kristina on August 2, 2011 · 6 comments


Good Morning DINKS! For those of you who are following us on Twitter @dinks_finance you know that we have started Financial Truth or Dare game.  Every so often we ask you to be honest about your finances, or we dare you to try something outrageous with your money.  It’s fun and it lets us try new experiences. For those of you who don’t have the chance to follow us on Twitter we are going to play our own game of Financial Truth or Dare today.

We are going to ask you 5 questions about your personal finances and we hope that everyone answers honestly.  Of course we will also participate.  Personal Finance blogging and DINKS Finance are about sharing our stories, ideas, opinions, and experiences with each other. Next Friday we will give you an update on our Financial Dares and we hope you do the same. Don’t forget that you can connect with us anytime on Twitter.

Let’s play (Financial) Truth or Dare:

DINKS Truth:

  1. Are you secretly or openly jealous of people who make more money than you? Are you still jealous if one of those people is your spouse?
  2. What is the one thing that you overpay for or that you feel is overpriced?
  3. What is your current net worth? If your Net Worth is positive how did you build it?
  4. How much do you owe in consumer debts, including loans, lines of credit, financing, and credit cards? (not including your mortgage). What is your strategy to pay them off?
  5. If you have a home do you regret buying your home? If you are renting do you regret not buying a home?

DINKS Dares:

  1. We dare you to donate (not sell) your unused and unwanted items.  Have a look through your closets, cupboards, and drawers for items that you haven’t used in the last 6 months, put them in a box, and donate them to a good cause. Don’t list them on craigslist.
  2. Leave your wallet at home for the week.  We dare you to live for one week without buying coffee, lunch, snacks, magazines, clothes and all other impulse personal spending purchases.
  3. Live without a luxury item.  If you are addicted to your iPhone, Blackberry, Car or any other luxury item that is not a necessity for life, try to live without it for a week (or at least a day).
  4. Save what you usually spend.  If your daily personal spending budget is $10 a day then save it instead of spending it, you will be surprised how quickly your savings account will grow.
  5. Just Buy It.  If you have been contemplating a purchase for yourself, for your spouse, or for your home then stop torturing yourself and just buy it.  You can use our DINKS Financial Truth or Dare to justify your purchase later.

Don’t forget to let us all know how it goes.  Enjoy!

Photo by Life in Pictures

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