Financial fitness quiz
When you feel financially fit, you feel secure. It’s about more than how much money you have in the bank – it’s knowing what your goals are and having a clear path to meet them. It’s having plans in place that can help to protect you and your family. And it’s being able to use your resources to create the life you want.
Assess your current financial fitness with this short true-or-false quiz. The answers can help you build a stronger foundation for your future.
True or false?
Give yourself a point for every “true” statement. Total up your score and see below.
0-3: Starting out
You might not be doing much financial planning right now, but the good news is you can start flexing your financial muscles at any time.
Focus on a specific goal to start out with, like paying down debt or building up your savings. Planning can seem overwhelming, but a financial professional can help you prioritize the most important next steps.
4-7: In good shape
You’ve started putting a financial plan in place, which is great! You’ve thought through specific goals and ways to meet them, which is crucial to your overall financial fitness.
Now, you’re ready to think about how you will create the life and the legacy you want. That might include giving to charity, setting up a trust fund for future generations, or comfortably saving for the unexpected. It’s never too early to plan your long-term saving and investing goals, even if retirement is many years down the line.
8-11: Building a strong future
Kudos to you! You’ve done the heavy lifting when it comes to your financial fitness and are building a strong future. You’ve taken the time to understand what you value and how your resources can support those values. You’ve learned that saving and investing simultaneously is a great way to meet both your short- and long-term goals.
Here are a few more ways to stay in top financial shape.