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| What Is The State of Your Financial Health? |
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Do you keep a balanced checkbook? What are your thoughts on paying off your credit card balance on time? When it comes to money matters, do you enjoy preparing precise, detailed budgets, or do you prefer to wing it?
Take the following test to find out just how healthy you are from a financial perspective. As soon as you complete this quiz and get your results, be sure to guess what your friends' and family's results will be in the spaces provided. This fun, free quiz will automatically be sent to them and, after they take it, you'll find out if your guess was right or wrong!
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1.
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When it comes to investing, I:
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A
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Believe in taking big risks to attain big payoffs |
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B
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Proceed with caution - but I do invest |
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C
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Have no opinion, as I don't invest at all | |
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2.
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To educate myself about the financial world, I study:
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A
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Forbes, Kiplinger's and Money Magazine |
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B
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The financial pages and stock listings in my local newspaper |
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C
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Nothing at all | |
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3.
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When it comes to keeping tabs on my investments, I:
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A
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Keep track daily |
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B
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Keep track weekly |
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C
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Keep track irregularly | |
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4.
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Regarding a personal investment plan, I:
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A
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Meant to write one, but so far haven't managed to do so |
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B
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Have one in place that I worked on with a financial professional |
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C
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Don't have one at all, and don't plan on writing one | |
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5.
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The thought of preparing my taxes first enters my mind:
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A
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The day after I mail in the previous year's taxes |
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B
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In January or February of the year they are due |
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C
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The day before they are due (or sometimes late) | |
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6.
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If I ever were to receive a phone call that a check I had written had bounced, I would:
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A
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Feel absolutely mortified - I can't imagine it ever happening to me |
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B
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Feel somewhat upset, but not like it's the end of the world |
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C
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Not worry about it at all - such is life | |
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7.
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When my credit card statement arrives in the mail, I:
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A
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Only pay the bare minimum that I have to pay |
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B
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Sometimes pay more than the minimum, if I can spare it that month |
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C
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Pay the whole thing off each month | |
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8.
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My view of saving money is:
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A
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That it's not something I can realistically do right now |
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B
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That I make deposits in my savings account whenever I can |
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C
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That I can always set aside some funds to be saved | |
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9.
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When the time comes for me to retire, I plan to live on:
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A
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Realistically, I don't think I will ever be able to retire |
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B
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My Social Security check and whatever is in my savings account |
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C
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My 401K fund and other investments I am currently making, on top of my Social Security | |
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10.
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When it comes to taxes and my paycheck, I
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A
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Prefer to have the bare minimum deducted so that I can have access to as much cash as possible throughout the year |
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B
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Have the maximum taken out of my check to ensure the biggest possible refund |
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C
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Have a moderate amount deducted, so that things will even out around taxtime | |
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11.
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I believe in balancing my checkbook:
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A
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Every time I write a check |
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B
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On a semi-regular basis |
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C
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Once in a while | |
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12.
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I make a point of getting a current credit report:
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A
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Never |
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B
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Only when a potential lender requires me to do so |
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C
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At least once each year, for my own records, whether I'm required to do so or not | |
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13.
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If I notice that the stock market is starting to go down, I:
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A
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Barely react at all, as I'm not an investor |
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B
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Sell off all my stocks quickly |
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C
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Ride it out; these things happen sometimes | |
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14.
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My financial record-keeping involves:
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A
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No system at all |
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B
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Some notebooks scattered around the house |
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C
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A chart I've created on my computer | |
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15.
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I pay all my bills in a timely manner:
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A
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All the time |
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B
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Often |
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C
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Sometimes | |
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16.
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The amount of my net income toat goes toward my monthly expenses is:
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A
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Not sure |
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B
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More than two thirds |
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C
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Two thirds or less | |
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17.
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The amount of money I currently owe my credit card company is:
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A
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Very worrisome |
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B
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More than I'd like, but ultimately it will be okay |
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C
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None - I pay it off every time I receive my statement | |
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18.
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To me, the idea of saving money is:
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A
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Just not something I can manage right now |
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B
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A good one - I live within my means |
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C
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A great one - I save more than I spend | |
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19.
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When the funds in my checking account sink perilously low, I
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A
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Try not to think about it |
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B
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Make a withdrawal from my savings |
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C
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Cut way back on needless expenses | |
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20.
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The current status of my investments is:
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A
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Nonexistent |
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B
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Average |
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C
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Growing at a nice rate | |
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21.
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The idea of educating myself more about finances is:
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A
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Thrilling! |
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B
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Somewhat intriguing |
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C
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Not at all intriguing | |
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22.
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For me, home ownership is:
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A
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Something I have already achieved |
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B
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Within reach |
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C
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Something I may never achieve | |
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23.
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If I were to find myself suddenly out of work next week, I would:
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A
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Be in trouble right away |
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B
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Be okay for a little while |
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C
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Be okay for a few months | |
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24.
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If I were to receive a surprise gift of a large amount of cash, I would:
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A
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Spend it all! |
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B
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Spend some, invest some |
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C
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Invest it all! | |
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25.
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On the subject of saving for my retirement, and/or my children's college fund, etc., I:
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A
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Am well on my way |
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B
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Have begun to do so |
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C
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Have not yet begun to do so | |
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