Today is Financial Fitness Day and I have a special Financial Fitness Quiz that you can take below to see where you stand financially.
We get it: finances can be a scary thing, especially if you are looking at your own bottom-line.
If you are one of these people, we are making it easy to get your feet wet and better understand your current financial habits and overall financial health.
Answer the questions below and get a baseline financial assessment
1. I pay my bills on time.
a. Always
b. Sometimes
c. Never
2. I save 10% or more of my income each month.
a. Always
b. Sometimes
c. Never
3. I keep three months net income in a “rainy-day fund.”
a. Always
b. Sometimes
c. Never
4. I plan ahead and save for large expenses.
a. Always
b. Sometimes
c. Never
5. I set and keep financial goals for myself on a regular basis
a. Always
b. Sometimes
c. Never
6. I follow a set budget each month.
a. Always
b. Sometimes
c. Never
7. I shop around and compare prices before making a major purchase.
a. Always
b. Sometimes
c. Never
8. Regularly check my credit report.
a. Always
b. Sometimes
c. Never
9. I examine my checking account statements each month.
a. Always
b. Sometimes
c. Never
10. I look for ways to become more financially aware and educated on a regular basis.
a. Always
b. Sometimes
c. Never
Now that you’ve taken the test, let’s add things up.
Each answer is worth the following:
A – 2
B – 1
C – 0
Add it up and let’s see if you who you are the most like.
15-20
Are You Warren Buffet!?
Even if you’re by some chance you are indeed Warren Buffet, it doesn’t hurt to occasionally assess your financial habits and make sure your monetary ducks are in a row. Keep up the good work!
10-14
Are you MC Hammer?
You might be on the rise again and getting back to Hammer Time. Let’s make sure you stay on track and avoid potential stumbles and setbacks.
0-9
Are you Macaulay Culkin?
You have no idea what has happened since the 1990’s, which might be the last time you checked your credit score. Moving on is definitely frightening, but in an age of technology, there are some great resources that can help your financial enlightenment.
Where are these resources? They can help you if you are a Warren Buffet, MC Hammer and Macauley Culkin. Visit CO-OP Credit Unions here: https://co-opcreditunions.org/
The quiz is from CO-OP Financial Services, a financial technology company that supports 3,500 credit unions and 60 million customers across the country. Credit unions are a great alternative to big banks as they offer the same technology and ATM network via shared branching at other credit unions, but because their customers are members, profits go back to the community instead of shareholders.
Want to learn more about how to manage your finances and save money? Check out the Saving Dollars and Sense Tips for lots of great ideas!
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