Test Your Financial Freedom

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10 Questions - Developed by: Stella - Developed on: - 7.924 taken - User Rating: 3.6 of 5.0 - 5 Votes

Are you in control of your money--or does money control you? Take our quiz to see just how financially free (or fettered) you really are...

  • 1
    What's your debt level?
    Typical household debt: home mortgage, maybe car and/or student loan
    Thousands of dollars in credit card balances, mortgage, car and/or student loans.
    I have no debt whatsoever!
    Just a student or car loan
  • 2
    What's your savings status?
    I have at least a 3 month emergency fund plus some retirement investments
    I have at least a six month emergency fund, 401k, IRAs, etc.
    I pretty much live paycheck to paycheck
    I have a modest cushion of savings for emergencies.
  • 3
    What's your spending style?
    If I have it, I'll spend it.
    I plan my purchases and look for the best deals always.
    I occasionally splurge, but mostly live within my means.
    I pay myself first and rarely indulge in material "stuff."
  • 4
    Do you have a budget?
    I have a multi-year plan which I analyze weekly using tools like Mint.com, Quicken, etc.
    What's a budget?
    I have a budget and mostly try to stay within it.
    I have a basic idea of what I'm spending money on, but nothing formally established.
  • 5
    What's your credit score?
    Over 750, baby!
    Under 600
    It can't be good...
  • 6
    If you won the lottery, what would you do with the money?
    I'd never waste money playing the lottery
    Buy a new house, new car, travel the world
    Invest it wisely in solid stocks and other low-risk funds
    Pay off mortgage and all debts and then indulge in a few luxuries
  • 7
    How do you go about financing big ticket purchases?
    Eh--I don't want it or need it.
    Home equity loan
    Max out the credit cards!
    Save up and pay in cash
  • 8
    Which possessions do you consider most valuable?
    My intelligence, integrity and reputation
    My investments and savings
    My Rolex, Maserati and Louis Vuitton luggage set
    My home, my car, my jewelry
  • 9
    What's your biggest financial goal?
    To be debt-free in the next five years
    To pay off mortgage in the next ten years
    To build up my retirement savings
    To accumulate enough wealth for complete financial independence in five years
  • 10
    If you lost your job tomorrow..
    I could coast for at least six months on my savings
    I'd have to file for bankruptcy
    I have alternate streams and sources of income, so I don't even need to touch my savings
    By drastic economizing, I could manage for a couple months

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