Personal Finance 101 Assessment

1. I am satisfied with my life from my current financial situation.

   1. Yes, I'm absolutely satisfied.
   2. I'm ok, but may want more ...
   3. No way! I want more out of my life!

2. I enjoy making plans and working towards goals.

   1. Not at all!
   2. I will, but I don't really like to ...
   3. I love making plans and working toward goals.

3. I understand basic financial planning concepts.

   1. I already know everything I need to know.
   2. I could do with a bit more teaching ...
   3. Not at all!

4. I am willing to sacrifice some conveniences today for a better future.

   1. I don't want to make any changes to my current lifestyle.
   2. I'm willing to make some sacrifices to have a better future.
   3. I'll do whatever it takes for a better financial future!

5. Financial decisions I make have a direct and meaningful effect on others as well as on me.

   1. No, my decisions only affect me.
   2. Right now my decisions only affect me, but I expect that to change in the near future.
   3. Yes, others depend on me to make good financial decisions.

6. I don't mind going into debt to get what I want.

   1. Debt? Who cares? It's a good way to get what I want now!
   2. Debt is ok - as long at it is managed.
   3. I'm fairly debt averse.

7. I don't mind taking financial risks to get what I want.

   1. Go for it! I'm not really risking anything - because I don't have much!
   2. I'm just not a risk taker.
   3. Financial risk is OK, as long as it fits my situation and is prudent.

8. I am willing to the time necessary to learn about personal financial planning so that I can make wise decisions about my financial future.

   1. I'm fairly busy with just living right now. I don't have any extra time to spend on planning. It never works out the way I plan anyway.
   2. It all depends on how much time and effort it takes to learn and implement a personal financial plan.
   3. I understand that learning anything meaningful takes time and effort. I'm willing to take the time necessary to do so.

9. I am concerned about my future ability to earn money.

   1. No worries. Who can control the future anyway?
   2. I am uncertain about my future ability to earn money, I want to learn more before I decide if this is right for me.
   3. I know I'm not able to control the future, but I'm willing to do my part to make it better.

10. I know the difference between "needs" and "wants."

    1. Is there a difference?
    2. I suppose some things are just "wants" and not "needs."
    3. Yes, I know and can clearly identify the difference between my need and my wants.

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