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Personal Finance Quiz: Is Your Financial Thermostat Set High Enough?
When life became more than just a matter of food, clothing and shelter, and money was invented as a means of paying for goods, the concept of personal finance and its management was born. Nowadays, managing personal finance usually starts with handling pocket money at a young age. What matters is not how much money comes in, but how you spend it. Are you budgeting your money in a way that will enable you to create wealth for yourself later on? Let’s find out …
1. Have you made a financial plan?
Posted in Personal Finance
Tagged Enough, Finance, Financial, High, Personal, Quiz, Thermostat
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Test your Personal Finances Iq With This Quick Quiz
Managing your spending habits, saving sufficient funds and clearly seeing your personal financial situation are important elements in managing your personal finances correctly. This test will give you an idea whether you need some more help, or if you’re on top of this important part of your life. (The answers are listed at the end of this article.)
Question #1. What does “living within your means” really mean?
Question #2. What damage can only paying the minimum credit card payments each month do to your financial future?