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Financial Self-Assessment

Evaluate your current financial health with this detailed self-assessment. 

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Question 1 of 30

Age

A

18-24

B

25-34

C

35-44

D

45-54

E

55-64

F

65+

Question 2 of 30

Do you have multiple income streams (ie: W2 income, 1099 income, rental income, dividends, side business)?

A

Yes, multiple sources

B

One or two sources

C

No, only one primary job

Question 3 of 30

Have you calculated your essential monthly expenses (e.g., housing, food, utilities, transportation)?

A

Yes, and I track them regularly

B

Estimated but not tracked

C

No

Question 4 of 30

 

Do you track all of your family’s sources of income and expenses in a budget?

A

Always, with a detailed budget

B

Sometimes, but not consistently

C

Never

Question 5 of 30

 

How often do you adjust your budget to account for changes in expenses or goals?

A

Monthly or as needed

B

Annually

C

Rarely or Never

Question 6 of 30

 

What percentage of your income is allocated to discretionary spending (non-essential expenses like entertainment)?

A

Less than 20%

B

20-30%

C

More than 30%

Question 7 of 30

 

Do you have a plan to reduce discretionary spending if needed?

A

Yes, with specific adjustments

B

Some ideas, but no concrete plan

C

No

Question 8 of 30

 

How often do you and your spouse have discussions about budgeting and spending priorities?

A

Yes, regularly

B

Occasionally

C

Rarely or never

Question 9 of 30

 

Rate your level of comfort in discussing financial matters with your spouse.

A

Easy conversation (no shame, no blame)

B

Slightly awkward and uncomfortable

C

Total cringe would rather do something else!

Question 10 of 30

 

What percentage of your income is allocated to savings or investments each month?

A

20% or more

B

10-19%

C

Less than 10%

Question 11 of 30

 

What is your household debt-to-income ratio (total monthly debt payments ÷ total monthly income)?

A

Less than 30%

B

30-50%

C

Over 50%

Question 12 of 30

 

Are all debt payments (ie: mortgage, car loans, credit cards) made on time?

A

Always, no missed payments in the past year

B

Some missed payments

C

Frequently late

Question 13 of 30

 

Do you have a plan to pay off high-interest debt (ie: credit cards, personal loans)?

A

Yes, actively working on it

B

Not yet, but considering it

C

No plan

Question 14 of 30

 

Do you use credit cards responsibly (ie: paying the balance in full each month)?

A

Always

B

Sometimes

C

Rarely

Question 15 of 30

How many months of household living expenses does your family’s emergency fund cover?

A

6+ months

B

3-5 months

C

Less than 3 months or no emergency fund

Question 16 of 30

 

Are you saving for specific family goals (ie: home purchase, vacations, education)?

A

Yes, with clear goals and timelines

B

Somewhat, but without clear plans

C

No

Question 17 of 30

 

Are you consistently saving for your child(ren’s) future education (ie: college or trade school, 529 plans)?

A

Yes

B

Sometimes

C

No

Question 18 of 30

 

Do you contribute to retirement accounts (ie: 401(k), IRA) consistently?

A

Yes, maximizing contributions

B

Yes, but not consistently

C

No

Question 19 of 30

 

Do you have investments outside of retirement to support long-term family goals (ie: mutual funds, real estate)?

A

Yes

B

No

Question 20 of 30

Are your investments diversified across different asset classes (ie: stocks, bonds, real estate)?

A

Yes

B

Somewhat

C

No

Question 21 of 30

 

Do you have adequate life insurance to support your family in case of a loss?

A

Yes, fully covered

B

Partially covered

C

No life insurance

Question 22 of 30

 

Do you have health insurance for all family members?

A

Yes

B

Partial coverage

C

No

Question 23 of 30

 

Have you reviewed and updated your insurance policies in the past year?

A

Yes, all policies are current

B

Some policies are updated

C

No

Question 24 of 30

 

Do you have a will, trust, or estate plan in place?

A

Yes

B

No, but considering it

C

No

Question 25 of 30

 

Does your family have clearly defined short-, medium-, and long-term financial goals?

A

Yes, written and reviewed regularly

B

Somewhat, but not documented

C

No clear goals

Question 26 of 30

 

Are you making progress toward your financial goals?

A

Yes, consistently

B

Sometimes

C

No

Question 27 of 30

 

How often do you discuss financial decisions and goals as a family?

A

Regularly (monthly or more)

B

Occasionally (a few times a year)

C

Rarely or never

Question 28 of 30

 

Do you teach financial literacy to your children (ie: budgeting, saving, investing)?

A

Yes, regularly

B

Occasionally

C

Rarely or never

Question 29 of 30

Which areas of family finance do you feel you need to improve?

(Select all that apply)
A

Income Management

B

Budget & Expense Control

C

Saving for the Future

D

Investing for Growth

E

Debt Management

F

Insurance & Risk Protection

Question 30 of 30

Are you interested in a FREE discovery call to learn more about Homeschool Made Possible courses, coaching and resources?

A

Yes

B

No

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