1. GROUP ACTIVITY I
CHECKPOINT: 12 YES (Healthy) 9-11 YES (Tune-up Needed) 8 or Less YES (Unhealthy)
At any checkpoint, it is advisable to seek professional guidance to ensure that your plan is suitable and up-to-date.
Financial Health Quiz: How's your financial health?
1. I have a monthly budget that guides my spending.
YES NO
2. I analyze my spending each month to see where changes should be made.
YES NO
3. I regularly compare prices on my purchases and monthly expenses.
YES NO
4. I balance my checkbook frequently to avoid fees and bounced payments.
YES NO
5. I only charge to my credit card what I can pay at the end of the month.
YES NO
6. I have enough in my emergency savings fund to meet three months of expenses.
YES NO
7. I compare terms on bank products to find the best deals.
YES NO
8. When paying off debt, I analyze my interest rates to see which loans I should pay first.
YES NO
9. I have a retirement savings account and a plan for building a nest egg.
YES NO
10. I have a professionally prepared will that reflects my current wishes.
YES NO
11. I have a life insurance policy worth at least five years of my salary.
YES NO
12. I have both short- and long-term financial goals and detailed plans for meeting them.
YES NO
HOW MANY YES ____________ NO____________