How Do Your Finances Measure Up?

Are you ready for a pop-test?   Here is a quick list of questions to help determine if you are in need of a coach.

So, go ahead…take the test and then see how you score at the bottom of this page.

 

LESS TRUE               MORE TRUE

STATEMENTS

1        2         3         4           5

This month’s bills come in before I have paid last month’s bills.
1        2         3         4           5 I receive at least one cutoff/past due notice per month.
1        2         3         4           5 I have a stack of unopened bills/notices.
1        2         3         4           5 I keep a negative running balance in my checkbook.
1        2         3         4           5 I search for products I can buy with minimal down payments.
1        2         3         4           5 I get excited about how much credit line I have left.
1        2         3         4           5 I get at least one cash advance per month from my credit card.
1        2         3         4           5 I am frequently short a few dollars and borrow from friends, family, etc.
1        2         3         4           5 I get a high from telling the clerk to “charge it”.
1        2         3         4           5 I am always interested in getting new credit cards.
1        2         3         4           5 I feel inordinately good when I pay routine bills like the phone or the rent.
1        2         3         4           5 I am reticent about discussions of money and walk away from social conversations about it.
1        2         3         4           5 I have had an account closed in the last six months and am angry about it or have blamed others.
1        2         3         4           5 When my paycheck or loan money comes in, I experience a great sense of relief.
1        2         3         4           5 I rarely keep a running balance in my checkbook.
1        2         3         4           5 My credit card balances run near the maximum credit line.
1        2         3         4           5 I have little or no savings, investments, or assets; nothing available for emergencies.
1        2         3         4           5 I bounce more than three checks per year.
1        2         3         4           5 I have only a vague idea of my various financial obligations.
1        2         3         4           5

 

TOTAL SCORE:  ____________

Money is tight, but there is always someone I keep turning to who won’t let me starve.

After finding the sum of your numbers, here’s the scoring key:

20 – 35 Doesn’t look like a problem

36 – 50 Get on  a Budget!

51 – 75 Borderline situation

76 – 100 Clearly a problem

Form courtesy of “The Coaching Starter Kit”

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