Are you financially fit?
Gail Vaz-Oxlade is a personal finance expert who wants to help you take control of your money, so take her quiz to find out where you stand!
Financial Fitness Quiz1. I have a working budget, and track my income and spending every month. True / False
2. I am setting aside money right now for my next big purchase. True / False
3. My housing costs are no more than 35% of my net income. True / False
4. I do not have a balance outstanding on my line of credit. True / False
5. I never buy anything that isn't on my shopping list. True / False
6. I've reviewed my credit report in the past year and corrected any mistakes. True / False
7. I know the "Rule of 72." True / False
8. I have no department store credit cards. True / False
9. I do not use overdraft protection, ever. True / False
10. Money is not a source of conflict in my life. True / False
BONUS: My financial situation is better today than it was 1 year ago. True / False
ADD UP YOUR "TRUE" ANSWERS and calculate your score!
90-100% Very Good. You're doing great. Fix what's broke!
60-90% You're well on your way. Focus, focus, focus.
50-60% Fair. You have some work to do. Get at it!
Less than 50% Oops. You better take a good hard look at your money, pal.