1. Financial Self-Appraisal Form
The questions below seek to ascertain your level of financial planning and to spot gaps that need to be
filled. You are advised to answer the questions as candidly as possible with a view to making the
necessary improvements.
Tick (√) as appropriate
YES NO NOT SURE
1. Do you know your present net worth?
2. Are you satisfied with your current status?
3. Are you aware of simple ways to increase your net worth?
4. Have you set your financial goals?
5. Have you made a habit of saving money regularly?
6. Do you save only after all expenses are made?
7. Do you know how much you spend each month on average?
8. Can your savings see you through six months of normal
living expenses?
9. Do you keep record of your income and expenditure?
10. Do you practice delayed gratification?
11. Do you normally make impulse purchases (e.g. BOGOF)?
12. Are you aware of passive and portfolio income vehicles?
13. Do you already have the vehicle(s) in 12 above?
14. Do you immediately adjust your spending to reflect your
new status each time you get promoted or have windfall gains?
15. Do you diversify your investments?
16. Do you own the house you live in?
17. Do you own a business?
18. If yes in (17) above, do you separate your business and
personal accounts?
19. Do you seek lottery winnings?
20. Do you have a brilliant financial advisor?
Scoring
If you answered YES to Questions 6, 11, 14 and 19, you need to immediately STOP your current
approach and CHANGE course. For the others, if total number marked NO or NOT SURE is between: 0-4
(kudos, keep it up); 5-10 (you need to improve); above 10 (seek urgent remedial action). START NOW!