123ArticleOnline Logo
Welcome to 123ArticleOnline.com!
ALL >> Business >> View Article

What's Your Financial Fitness Score?

Profile Picture
By Author: Chad Sunyich
Total Articles: 10
Comment this article
Facebook ShareTwitter ShareGoogle+ ShareTwitter Share

Find out if you are heading towards financial freedom or financial despair. Your financial fitness score shows how you stack up in a down economy. Take your time and enjoy!

Are finances often the source of contention and conflict between you and your companion?
10: Never 8: Seldom 6: Monthly 4: Twice a month 2: Weekly 0: Constantly

Do you worry about having money for your needs?
10: Never 8: Seldom 6: Monthly 4: Twice a month 2: Weekly 0: Constantly

How much money do you save each month?
10: 10% of your gross income 8: 6% 6: 3% 4: 1% of your income
2: you save very little or nothing at all 0: you spend more than you make

What percentage of your income goes towards debt elimination?
10: have no debt 8: less than 20% for debt payments 6: less than 30% 4: less than 40%
2: less than 50% for debt payments 0: pay over 50% for debt payments

Do you keep your finances organized, including bank accounts, insurance policies, trusts, wills etc.?
10: You know where all financial documents ...
... are and have established a will and/or trust.
8: You can easily find all financial documents.
6: Your financial documents are in one place.
3: You could find your financial documents if necessary.
0: You and your companion do not know where financial documents are kept.

Are you financially prepared for the future?
10: You have three months of emergency savings, a retirement plan and you are properly insured.
8: You have some savings and proper insurance.
6: You have proper insurance.
4: You have a current savings account and plan to reevaluate your insurance.
0: You are living day to day.

Do you have a retirement plan?
10: You have a written retirement plan with a retirement date and annual income needed.
7: You are working on a retirement plan and make regular deposits into retirement account(s).
4: You make occasional deposits.
1: You have thought about making a plan.

Do you understand how taxes can affect your retirement savings?
10: You take advantage of tax-free and tax-deferred investments.
8: You are investing in a tax deferred IRA and/or retirement plan(s).
5: You have learned about your employer's tax deferred savings program.
2: You have considered a tax-deferred savings plan.

For every book or article you have read on financial matters in the past year give yourself one point (up to ten).

Give yourself one point (up to ten) for every significant tax law you know that directly affects your financial situation.

Total Score: __________ ___________

0 to 20 Disastrous! Immediate action is required.
21 to 40 Dangerous: Your future is at stake if no action is taken.
41 to 60 Dreary: Improvements are necessary to ensure financial stability.
61 to 80 Good: Minor changes are needed to ensure financial freedom.

81 to 100 Dead on! Keep up the good work.

Visit www.idealfsi.com for more information.


The author Chad Sunyich says best way to know your financial fitness score. Find out if you are heading towards financial freedom or financial despair. He has define here some point on financial fitness score and retirement. Visit www.idealfsi.com for more information on Retirement speeches, Retirement.

Total Views: 200Word Count: 607See All articles From Author

Add Comment

Business Articles

1. Essential Fall Clean Up And Spring Aeration For A Healthy Lawn
Author: michellumb44

2. Find The Best Paver Installers Near Me For A Stunning Landscape
Author: michellumb44

3. What Is Digital Lending And How It's Gonna Work?
Author: Niyogin

4. Enhance Your Outdoor Space With Professional Landscaping In Faribault, Mn
Author: michellumb44

5. The Importance Of Professional Commercial Snow Plowing Services
Author: michellumb44

6. Top Peb Manufacturer In Sanand For Cost-effective Construction
Author: worldlinkpeb

7. A Shifting Environment And What It Means For Fisheries
Author: yelenaparker

8. Beat The Mid-year Slump With A Weekend Getaway
Author: keilykurukula

9. Easy Trailer Loan Options – Get Financing Today!
Author: Chevron Equipment Finance

10. Motorcycle Tyres: The Need-to-knows
Author: joegoldberg

11. Elevate Your Organization’s Data Insights With Power Bi
Author: Maria

12. Crane Repair Services In Virginia: Ensuring Safety And Efficiency
Author: VA Crane Rental Inc

13. Optimizing Healthcare Revenue: The Essential Guide To Medical Billing
Author: patriotmedbill

14. Hidden Trading Fees That Could Be Draining Your Trading Account!
Author: Robert Freemna

15. Make Your Holi Special With Premium Gift Hampers
Author: Loveandcheesecake

Login To Account
Login Email:
Password:
Forgot Password?
New User?
Sign Up Newsletter
Email Address: