Test

1. How much do you currently have in your emergency savings account?

A. Six months’ living expenses—and then some. I want to be ready for anything.

B. I’ve got a couple months’ expenses saved up. The plan is to add more whenever I can.

C. Isn’t that what my credit card is for?

2. Do you follow a budget?

A. Yup: I’ve got it down to a science at this point.

B. Eh, I have a general sense of how much I’m spending. But I could stand to keep better track of where my money goes.

C. I tried, once, but it was too much to keep track of.

3. Your credit card statement is a little … well, bigger than expected. What’s your reaction?

A. You suck it up and pay the balance. You’ll just have to watch your spending this month.

B. You decide you’ll pay half. That seems reasonable, right?

C. You pay the minimum. You’ll worry about the rest later.

4. It’s tax season, and you find yourself with a few extra hundred dollars in your pocket. (Thanks, Uncle Sam!) What’s your first step?

A. Most of it goes right into savings and/or my retirement account.

B. I’ll use (some of) it to pay off my credit card debt.

C. Time to book that summer vacation!

6. Your laptop is on its last legs, and you know you’ll need a new one soon in order to get work done. The issue? You’re strapped for cash. Do you:

A. Get thee to a computer repair shop, or see if your office’s IT department has a computer you can borrow. You’re going to have to make this work until you have enough money saved up.

B. Find a store that offers a payment plan, and do your best to pay off most of it within a couple of months.

C. Your credit card balance is already pretty impressive. What’s another $800?

7. Have you ever used one card to pay off another’s balance?

A. No way. I pay my bill in full and on time every month.

B. No. I’d rather carry a balance than rack up more debt on a separate card.

C. Once or twice—is that bad?

8. True or false: I have insurance for myself, my car, and my home, just in case something unexpected pops up.

A. Yes—I’m covered on all fronts.

B. I have health insurance through my employer, but could use some more help with my home or car.

C. I can’t really afford insurance at the moment.

9. When do you plan to start saving for retirement?

A. I’m already saving.

B. I plan to start in my 30s. That should give me enough time.

C. Can’t I put that off until 40 … or later?

10. About how much of your credit limit are you currently using?

A. Less than 30%

B. More than 50%

C. 100%—and that’s just on one card.

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