Take this 7 question interactive quiz to find out what condition your financial health is in and what goals you can set for the future to improve!
Check Your Financial Health
START QUIZ
I have enough to pay my bills and can save a little
I have enough to pay my bills but can't save anything
I can't pay all my bills and rely on credit to borrow money
I can't pay all my bills and have no access to credit
At the end of every month:
All
Most (about 75%)
Some (25%)
I only pay the minimum balance due
How much of your credit card balance(s) do you typically pay off every month?
My debt is low and easy to manage
My debt is under control, but at times it's difficult to manage
Would be manageable if it was reduced by 50%
Isn't manageable and can't pay it down
How easy is it to manage your monthly debt?
Easy to do, I keep track of all my spending and savings
A challenge, but I pay my bills on time
It's difficult to manage my finances and I'm sometimes late on payments
I need help getting back on track
Getting financially organized is...
Yes, it does
A portion of my income automatically goes to savings or retirement every month:
No, it doesn't
0
1-2
3-4
5+
How many of your credit cards are charged to the maximum limit ?
Pay for home improvements
Pay for college educations
Consolidate higher interest debts
Pay for big expenses
What would you do with the cash from a cash out refinance?
Your financial health level:
If you'd like to see how you can use your home to consolidate high interest debt or get extra cash for investment purposes or other big expenses, contact us
Good Condition- It looks like you’re in a healthy financial state. You pay your bills on time and live below your means. To understand how your credit score is calculated, another area that impacts your financial health, click here.
Good condition
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Moderate Condition- You’ve developed some healthy financial habits, but still struggle in a few areas. Here are some tips to help you improve; 1. Start a budget and stick to it- Identify what you’re spending on and adjust your spending habits to save. 2. Create a debt payoff plan, tackle one debt at a time and use deadlines based on what’s affordable. 3. Consolidate high interest debts into lower rates if possible. 4. Set up an automatic savings to set aside a certain amount each month (after your bills are paid)
Click here to read our article to learn more about how you can pay for home improvements with a cash out refi
Moderate condition
Needs Improvement- You probably know what to do to improve your health, but perhaps you don’t feel motivated or know where to start. Here are some tips to help you improve: 1. Start a budget and stick to it- Identify what you’re spending on and adjust your spending habits to save. 2. Create a debt payoff plan, tackle one debt at a time and use deadlines based on what’s affordable. 3. Consolidate high interest debts into lower rates if possible. 4. Set up an automatic savings to set aside a certain amount each month (after your bills are paid)
If you'd like to see how you can use your home to consolidate high interest debt or get extra cash for investment purposes or other big expenses, contact us at
NEEDS IMPROVEMENT