Search

Size Up Your Situation

Light bulb


Click your answer(s) below to take the quiz. Your replies are anonymous and we do not share or save your personal information. Please see our Privacy Policy and Terms for further information.

The following general guidelines are offered to see how you compare in your financial life. Keep in mind, though, that these are guidelines and they may not apply to you at all points in your life.

Have an emergency fund of at least $500

  • I meet this guideline
  • I don't meet this guideline
  • Research shows that households with emergency savings below $500 are more prone to worry, loss of sleep and other ill effects than households saving more.

Save 10 percent of your income toward retirement and other savings (including employer match)

  • I meet this guideline
  • I don't meet this guideline
  • Your monthly income x .10
    Example: $3,000 x .10 = $300
    If you make $3,000 per month, aim to save / invest about $300 per month.

Spend less than 20 percent of each paycheck of monthly income on car loans, credit cards and other debt

  • I meet this guideline
  • I don't meet this guideline
  • Your monthly income x .20
    Example: $3,000 x .20 = $600
    If you make $3,000 per month, aim to spend no more than $600 per month on credit cards and loans.

Spend less than 5 percent of monthly income on clothing items for the family

  • I meet this guideline
  • I don't meet this guideline
  • Your monthly income x .05
    Example: $3,000 x .05 = $150
    If your monthly income is $3,000, aim to spend no more than $150 on clothing.

Spend less than 10 percent of monthly income on food and personal care items

  • I meet this guideline
  • I don't meet this guideline
  • Your monthly income x .10
    Example: $3,000 x .10 = $300
    If you make $3,000 per month, aim to spend no more than $300 on food and personal care.

Spend less than 20 percent of monthly income on transportation costs, including maintenance and parking

  • I meet this guideline
  • I don't meet this guideline
  • Your monthly income x .20
    Example: $3,000 x .20 = $600
    If you make $3,000 per month, aim to spend no more than $600 on transportation.

Course Home