Debt Analysis

First things first! Before you begin eliminating debt you must know and understand your spending habits and know where you stand today, financially.

Below are 15 questions to determine your spending habits. Select the response that best represents your lifestyle. Answer all questions. The results will automatically tally after you click the ADD button at the end of this questionnaire.

1. On payday, I never keep an amount of cash from my paycheck to cover my living expenses.
No! not like me
Yes! exactly like me
Well, somewhat like me

2. My check is automatically deposited into my checking or savings account..
No! not like me
Yes! exactly like me
Well, somewhat like me

3. I speak with my spouse before making any financial changes.
No! not like me
Yes! exactly like me
Well, somewhat like me

4. My money is managed according to a written Cash Flow plan.
No! not like me
Yes, exactly like me
Well, somewhat like me

5. All grocery shopping is planned in advance with a grocery list, and shopping is completed only once a week on the same day.
No! not like me
Yes! exactly like me
Well, somewhat like me

6. I do not have any credit cards with a balance over 30 days.
No! not like me
Yes! exactly like me
Well, somewhat like me

7. I do not have any loans with a balance (excluding mortgage).
No! not like me
Yes! exactly like me
Well, some what like me

8. I have a Will.
No! not like me
Yes, exactly like me
Well, somewhat like me

9. I understand my credit cards terms and agreements.
No! not like me
Yes! exactly like me
Well, somewhat like me

10. I enjoy my job and have a good sense of my relationship with money.
No! not like me
Yes! exactly like me
Well, somewhat like me

11. My mortgage is automatically debited out of my checking account bimonthly or monthly.
No! not like me
Yes! exactly like me
Well, somewhat like me

12. When I write a check I enter the amount of the check immediately into my register or I enter the amount on-line.
No! not like me
Yes! exactly like me
Well, some what like me

13. I am a member of a credit union.
No! not like me
Yes! exactly like me
Well, somewhat like me

14. I invest the full amount allowed in my 401K plan.
No! not like me
Yes! exactly like me
Well, somewhat like me

15. I give to charity.
No! not like me
Yes! exactly like me
Well, somewhat like me

Learn Your Money Style!