Personal Finance Survey Pt 1 (May 15, 2014)
Please answer the following questions. There are no right or wrong answers, and your answers are anonymous. Please read your result description carefully before proceeding to part 2.
- 1.In the past 3 months, I spent less than I earned:
- A.
All 3 months
- B.
I have no idea if I spent less than I earned
- C.
A few of the past 3 months
- D.
None of the past 3 months
- 2.If I suddenly had no income for 6 months:
- A.
I have enough money set aside to get through
- B.
I would have to borrow from family or friends
- C.
I have some money but would have to use credit cards
- D.
I haven't really thought about what I would do
- 3.How do you normally handle your credit card bill?
- A.
I pay off the entire balance
- B.
I try to pay off the balance if I can, but not always
- C.
I pay the minimum
- D.
I don't have credit cards
- E.
I throw it in a pile of other bills and forget about it
- 4.When it comes to getting a loan:
- A.
I shop around to get the best interest rate
- B.
I take whatever looks best to me
- C.
It would be difficult for me to get a loan
- D.
I don't know what would happen
- 5.My approach for retirement savings is:
- A.
I am saving based on a goal amount
- B.
I am saving but I have no idea if it’s enough
- C.
I’ll deal with saving for retirement at a later time
- D.
I know I need to but I can't afford it right now
- 6.Do you have any specific financial goals?
- A.
I don’t have any; I’m focused on day-to-day
- B.
I have goals in mind, but haven’t done anything yet
- C.
I am currently working towards a specific financial goal
- 7.If there is a $50 transaction in my checking account and I don't recognize it:
- A.
I notice immediately and research it
- B.
I would probably never notice
- 8.My experience with payday loans has been:
- A.
I have used one in the past year
- B.
I have not used one in the past year
- C.
I have used more than one in the past year
- 9.When it comes to saving money:
- A.
It's difficult because I need the money now
- B.
It's something I do when I can
- C.
It's set aside from my paycheck
- D.
I don't have any savings and I'm not concerned
- 10.When I get a bill:
- A.
I examine it and pay it immediately
- B.
I’ll eventually pay it in a week or so
- C.
Worry about how I’m going to pay it
- D.
I ignore it
- 11.When it comes to debt:
- A.
I know how much I owe along with the interest rates
- B.
I know how much I owe but not the interest rates
- C.
I don't really think about how much I owe
- D.
I know how much I owe and it's hard for me to keep up with it
- 12.If I want a big-ticket item but can't afford it at the moment:
- A.
I save for it and price-shop in the meantime
- B.
If I think I'll have the money in the next few months, I'll put it on a credit card now
- C.
I forget about it because I could never afford it
- D.
I buy it immediately
- 13.When deciding on how to invest my retirement savings:
- A.
I feel like I've made an educated decision but will probably revisit
- B.
I pick whatever seems reasonable and move on
- C.
I don't have any savings
- 14.When you think about your current financial situation how do you feel:
- A.
Confident
- B.
Stressed out
- C.
I don't really think about my finances
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