Your Money IQ Quiz

dollarsign Welcome to your FREE  Money I.Q. Quiz dollarsign

Anxious woman redIf you’re a woman wanting to be financially free, but maybe a little afraid you could end up a bag lady instead, you’ve come to the right place.

So, no need to stress: Just choose the answer that best describes your current situation.

Once you take the assessment, check your email inbox right away for your results and ideas on what to do next based on where you are, money-wise, today.

Your quiz results can help inspire and motivate you to create the financial future you desire and help turn your money vision into a rich reality.


dollarsignDo you have a tax-deferred retirement account?  

>> They're called names like: IRA / 401k / ROTH IRA / 457 / 403b 

dollarsign If you have a tax-deferred account, did you contribute the maximum allowable amount last year?  

>> For 2016, the amounts are (Under age 50/ Over age 50):  >> IRA: $5,500 / $6,500  >> 401k: $18,000 / $24,000 

dollarsignHow much (the percentage) of your gross (pre-tax) income do you save each month or year? 
dollarsignHow many months of living expenses do you keep in a cash-like account

>> FDIC insured savings accounts, cash in your home safe, anywhere you can get it easily and without penalty. 
dollarsign What is your consumer debt to gross income ratio?

>> Excluding a mortgage and loans on income producing assets like commercial real estate and businesses.
dollarsign What's your net income tax rate as a percentage of your gross income? 

>> Include Social Security (FICA) and Medicare taxes. 
dollarsign What interest rate (on average) do you pay on your credit card debt?
dollarsign When did you last check your credit report? 

> You're legally entitled to a free report each year from each credit bureau.

>> You can get yours at 
dollarsign What percentage of your gross (pre-tax) income do you pay for housing?

Include rent/mortgage, average utilities, and taxes or any other mandatory fees.
dollarsign What percentage of your gross (pre-tax) income do you pay for other necessary living expenses?

>> Transportation, insurance, communications - any contractual obligations except debt repayment.
dollarsign Looking back to the last 3 or 4 times you had dinner with friends and relatives, did you usually: 
dollarsign How much disability insurance do you have?
dollarsign Do you know your Net Worth (in dollar terms)? 

>> Net Worth = Assets - Liabilities 
dollarsign Do you know the total value of your retirement assets?

> Deferred savings and investment accounts

>> Plus any pensions and Social Security you've earned.
dollarsign If you sold all your fixed assets, would you get more than you owe on them? 

>> Include your home, car, jewelry, artwork, furnishings, coin collections, etc. 
dollarsign How's your current 5-year financial plan working out? 

>> Many people use a marker birthday (40, 45, 50, 55, etc) as the start and end dates for their medium-term plans. 
dollarsign How close are you to your #1 financial goal? 

>> Usually identified in your long-term plan. 
dollarsign Can you recite, from memory, your top 5 money and investing rules?
dollarsign What type of spending and planning (budgeting) system do you use? 
dollarsign How happy are you with how your financial future looks?
dollarsign BONUS: Any question you'd like to ask us