10 Money Questions You Should Answer Now

Serious question, how’re your finances? Answering these questions should help you see the true picture of your money and get you closer to where you want to be.

Kuda App
4 min readApr 26, 2023

1. How much do you plan to save this year?

It doesn’t matter if it’s a seemingly impossible amount of money, your goal is your goal and achieving it begins with focusing on it. In short, always remember your goal. 🎯

2. How much have you saved so far?

When we talk about what you’ve saved, we’re talking about real money in your Kuda account, not aspirational savings. Why does it matter? Because where you are with your finances now will help you figure out how quickly you can get where you want to be. 💰

“Go big or go home,” they say. 😅

3. What has cost you the most money so far this year?

It’s funny, some big-money purchases are necessary and some just seem necessary until you realise that they’re not. 💸 Review your spending from the beginning of the year and see if you can still justify the biggest payments you’ve made.

4. What have you bought this year that you wish you could return?

You made a money commitment but now it’s looking like maybe you shouldn’t have. 😩 Don’t feel bad about that, it happens. The most important thing is to remember that it’s okay to take as much time as possible to think about spending before you actually spend. You’ll do better next time.

*insert your favourite swear word*

5. What have you stopped doing that was costing you money?

This is a win! You’re moving in the right direction. If you can stop one thing, you can stop others. Look for similar things that you can kick out of your life to save more money.

6. What new habit is costing you money?

Small but consistent spending adds up over time, obviously. So you know that noble but unsustainable habit of lending people money and never asking for a repayment? It could make a hole in your account eventually.

You’ve started, right? Well done. 😒

7. Do you have any active subscriptions that you haven’t used in the past three months?

There are many options to subscribe to, but there’s not enough time to enjoy all of them. It’s time to take a look at every streaming platform you pay for, then decide which ones you want to keep. Everything else should be cancelled. 🙅🏽‍♀️

8. Are you being unrealistic about your savings goal?

Remember what we said about having a seemingly impossible goal? Sometimes, having a goal that’s too big can make you give up on saving entirely. If that’s your situation, it’s time to bite off just what you can chew. Trim that goal into a manageable size and you’ll feel less pressure. 😌

9. Are there leeches in your life?

These could be friends or family who take from you without any consideration for your financial circumstances. You have two options: Keep indulging them or learn to say no.

If you’re not, you have the power to.

10. Are you saving the right way?

It’s only right for us to wrap this up with a bit of obvious but useful advice: If what you mean by ‘saving’ is leaving money in an account that doesn’t pay you any reasonable interest, you’re doing the wrong thing.

Tap Save on your Kuda app, set up a Flexible or Fixed Savings Pocket and earn interest that will mean something to you. That’s the right thing to do for your money.