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2: Size Up Your Situation

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What's Your Financial Fitness?

What level of fitness would you assign to your current finances? Are you optimistic about your prospects for maintaining or improving your lifestyle? Do you have some areas that could use some work? Assessing where you are right now is a first step toward moving forward.

Assess Your Fitness

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Complete these assessments to check in with your financial fitness. Your replies are anonymous and we do not share or save your personal information. Please see our Privacy Policy and Terms for further information.

Keep in mind, there are no good or bad scores or levels. Your interpretation will depend on the goals you set for yourself based on your values and needs. As you complete the rest of this course, come back to these assessments to see if your score or level changes.

Do you currently have a personal budget, spending plan, or financial plan?

  • Yes
  • No

How confident are you in your ability to achieve a financial goal you set for yourself today?

  • Not at all confident
  • Somewhat confident
  • Very confident

If you had an unexpected expense or someone in your family lost a job, got sick or had another emergency, how confident are you that your family could come up with money to make ends meet within a month?

  • Not at all confident
  • Somewhat confident
  • Very confident

Do you currently have an automatic deposit or electronic transfer set up to put money away for a future use (such as savings)?

  • Yes
  • No

Over the past month, would you say your family’s spending on living expenses was less than its total income?

  • Yes
  • No

In the last 2 months, have you been charged a late fee on a loan or bill?

  • Yes
  • No

Total your points: A score closer to 8 indicates a stronger financial condition. Your baseline score can be improved though by taking the rest of this course. When you’ve finished the course, come back to see what improvements you’ve made.

Adapted from the Rutgers Cooperative Extension Financial Fitness Quiz Center for Financial Security (CFS) Financial Capability Scale. These assessments are provided by Rutgers’s New Jersey Agricultural Experiment Station (NJAES) and the University of Wisconsin-Madison Center for Financial Security (CFS).

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Refresh Your Financial Knowledge

Visit SAM’s Spending and Saving and Credit and Debt courses to learn more about financial concepts and terms like spending plans, financial goal setting and credit records.

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