Personality tests -» Money wise

Test Your Financial Freedom

10 Questions - Developed by: - Updated on: 2010-07-15 - 14,164 taken - User Rating: 3.6 of 5 - 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?

Just a student or car loan
Typical household debt: home mortgage, maybe car and/or student loan
I have no debt whatsoever!
Thousands of dollars in credit card balances, mortgage, car and/or student loans.

2

What's your savings status?

I pretty much live paycheck to paycheck
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 have a modest cushion of savings for emergencies.

3

What's your spending style?

I occasionally splurge, but mostly live within my means.
I pay myself first and rarely indulge in material "stuff."
If I have it, I'll spend it.
I plan my purchases and look for the best deals always.

4

Do you have a budget?

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.
I have a multi-year plan which I analyze weekly using tools like Mint.com, Quicken, etc.

5

What's your credit score?

600-750
Over 750, baby!
It can't be good...
Under 600

6

If you won the lottery, what would you do with the money?

Buy a new house, new car, travel the world
Invest it wisely in solid stocks and other low-risk funds
I'd never waste money playing the lottery
Pay off mortgage and all debts and then indulge in a few luxuries

7

How do you go about financing big ticket purchases?

Max out the credit cards!
Eh--I don't want it or need it.
Home equity loan
Save up and pay in cash

8

Which possessions do you consider most valuable?

My investments and savings
My Rolex, Maserati and Louis Vuitton luggage set
My intelligence, integrity and reputation
My home, my car, my jewelry

9

What's your biggest financial goal?

To pay off mortgage in the next ten years
To be debt-free in the next five 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..

By drastic economizing, I could manage for a couple months
I'd have to file for bankruptcy
I could coast for at least six months on my savings
I have alternate streams and sources of income, so I don't even need to touch my savings

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