1 I use a budget to help manage my finances.
Always Sometimes Never
2 I pay my essential bills (rent or mortgage, utilities, etc.) on time.
Always Sometimes Never
3 I save 10% of my income on a monthly basis.
Always Sometimes Never
4 I try to keep three months of my income set aside for emergencies.
Always Sometimes Never
5 I plan ahead for large expenses such as taxes and insurance.
Always Sometimes Never
6 I balance my checking account every month.
Always Sometimes Never
7 I regularly save for retirement.
Always Sometimes Never
8 On my credit cards, I never charge more than I can easily pay back.
Always Sometimes Never
9 I pay my credit card balances off in full each month.
Always Sometimes Never
10 I track my progress on debts such as auto loans, student loans, mortgages, etc. at least one time per year.
Always Sometimes Never
11 I actively seek out consumer finance information either in the news or online.
Always Sometimes Never
12 I have specific financial goals that I am working towards achieving.
True False
13 I have checked all three of my credit reports within the last twelve months.
True False
14 I comparison shop to find the best value for auto insurance.
True False
15 At least one time a year I review my savings and investment accounts to determine the best options for increasing my financial return.
True False
SCORING
For questions 1 - 11 give yourself:
-
2 points for each "Always"
-
1 point for each "Sometimes"
-
0 points for each "Never"
For questions 12 - 15 give yourself:
-
2 points for each "True"
-
0 points for each "False"
26 to 30 points
A score of 26 to 30 points suggests that you are handling your finances very well. Keep up the good work!
21 - 25 points
A score of 21 to 25 points suggests that you are successful at managing some aspects of your financial life; however, you may want to investigate opportunities for increasing your savings or reducing your debts.
Recommended: Schedule a FREE Credit Consultation to discuss how to get the most out of your credit score.
16 - 20
A score of 16 to 20 points suggests that while you typically manage your finances well, you are probably missing some items that can either improve your current situation or protect you from future hardship. You may benefit by talking to a credit counselor and developing a step-by-step approach for managing your money.
You may benefit by signing up for my Financial Education & Coaching service that will help you to develop a step-by-step approach for managing your money.
0 - 15
A score of 0 to 15 points suggests that you need to improve your money management skills to protect yourself and your finances.
Think about signing up for my Financial Education & Coaching service to help you learn ways to successfully and effectively manage your finances.
Want to take a hold of our finances yourself without involving a coach? We have a solution! Check out Beyond The Blueprint Products that will assist you along the journey of money management.
How Did You Score?
