-
I pay the
rent/mortgage payment and utility bills on time.
Always______ Sometimes __________
Never ________
-
I save 10 percent
of my net income
Always______ Sometimes __________
Never ________
-
I try to keep
three months of my net income in reserve for emergencies.
Always______ Sometimes __________
Never ________
-
I plan ahead for
major expenses such as taxes and insurance.
Always______ Sometimes __________
Never ________
-
I set goals and
keep a budget for my net income.
Always______ Sometimes __________
Never ________
-
I spend no more
than 20% of my net income for credit payments, excluding my
home mortgage.
Always______ Sometimes __________
Never ________
-
I always
comparison shop for purchases of most items.
Always______ Sometimes __________
Never ________
-
I used credit only
for expensive purchase or when I have the money in the bank to
cover the charge.
Always______ Sometimes __________
Never ________
-
I balance my
checkbook every month.
Always______ Sometimes __________
Never ________
-
I keep myself
financially updated by reading consumer articles.
Always______ Sometimes __________
Never ________
Total
__________
To
total score: Give yourself 0 points for each NEVER;
1 point for each SOMETIMES;
and 2 points for each ALWAYS.
HOW
DID YOU SCORE?
A
score of 20-15 points suggests that you are practicing good
money management skills.
A
score of 15-10 points suggests that you are making an effort
toward improving your money management.
A
score of 10-0 points suggests that you need to improve
your money management skills.
