Are you on track for millionaire status?

Image Source

Quiz Questions

1.
Are you in debt?
Image Source
- A.
  Nope! I avoid debt and haven’t been in debt in a long time.
- B.
  I am, but I’ve almost completely paid it off! Yay!
- C.
  Yes, and I don’t know how I’m going to pay it off…
2.
Do you have a balance on your credit card?
Image Source
- A.
  No way! I pay it off every month.
- B.
  Sometimes, but I try to stick with my debit card.
- C.
  Yes, I buy most of my stuff on credit.
3.
Do you have an emergency fund set up?
Image Source
- A.
  Yep! I feel prepared to handle whatever emergency may hit me.
- B.
  I have some money saved, but not much. I save when I can and am trying to beef it up.
- C.
  No. I don’t have enough money to save for that stuff.
4.
Be honest. How often do you go on impulsive shopping sprees?
Image Source
- A.
  Almost never. When I shop, I have a list and I get through it as soon as I can.
- B.
  Once in a while. I only use money I’ve set aside for spending, though.
- C.
  Retail therapy is a real thing! When I feel out of control or like I need to feel something, I go out shopping. It keeps me sane.
5.
How’s your income situation?
Image Source
- A.
  I have my own business or work for a highly successful company. I’m able to live comfortably and even have some left over to help other people.
- B.
  I have a job (sometimes two), but I make enough money to pay the bills – if I’m careful.
- C.
  Even though I'm a high-income earner, I’m living paycheck to paycheck and can barely afford to survive. Inflation is crazy!
6.
What’s your living situation?
Image Source
- A.
  I live alone and rent.
- B.
  I live with other people and rent.
- C.
  I own my place.
7.
How’s your relationship with your money?
- A.
  Pretty solid! I’m comfortable making money and putting it where I want.
- B.
  It’s not bad! I make money and spend it. Sometimes I save.
- C.
  It feels kind of out of control. I make money and I spend it on bills or expenses. Sometimes I just blow it all impulsively!

Quiz Outcomes

1.
Yikes! Your finances need help!
Image Source
You know you need to do something about your financial situation, but you may not be sure where to start.Living paycheck to paycheck, struggling with debt, and running out of money when you just need to buy one last thing for the week isn’t ideal!Fortunately, you’ve come to the right place.Kudos to you for recognizing the problem and looking for a way to fix it! Once you know what’s wrong with your financial situation, you can make a few small changes. And get rid of some of that money stress!3 Tips to Reset Your Finances1. Set up a budget. It doesn’t have to be restrictive. It’s simply a plan for every dollar. Calculate how much money you need for food and shelter. Put some money aside for your emergency fund. And when you’ve got your emergency fund set aside (financial gurus recommend $1000) it’s time to get rid of debt.2. Reduce debt. Sometimes it feels like debt is a fact of life. And although it might take a while to pay down your existing debt, you’ll breathe easier when the debt is gone!3. Put money aside for yourself. It’s easy to set up a super strict budget. However, if you don’t give yourself any wiggle room, you end up binge-spending because you just can’t resist. Give yourself a set amount of spending money so you can shop without blowing your budget!Check out these helpful resources to keep your financial management on track:Debt Repayment Calculator
2.
Good job! Your finances are stable.
Image Source
Your financial situation is on the right track. You’re doing your best to pay off/stay out of debt and learn about budgeting. You’re able to save some money between paychecks and build up an emergency fund.Your skills are strong, but there is still room for growth!What’s the best way to grow?The simplest way is consistency. Once you know where your money needs to go, everything else falls into place.Pick one budgeting method that works for you. Stick with it, and watch your wealth grow.3 Tips to Reset Your Finances1. Set up a budget. It doesn’t have to be restrictive. It’s simply a plan for every dollar. Calculate how much money you need for food and shelter. Put some money aside for your emergency fund. And when you’ve got your emergency fund set aside (financial gurus recommend $1000) it’s time to get rid of debt.2. Reduce debt. Sometimes it feels like debt is a fact of life. And although it might take a while to pay down your existing debt, you’ll breathe easier when the debt is gone!3. Put money aside for yourself. It’s easy to set up a super strict budget. However, if you don’t give yourself any wiggle room, you end up binge-spending because you just can’t resist. Give yourself a set amount of spending money so you can shop without blowing your budget!Check out these helpful resources to keep your financial management on track:Your Net Worth Calculator
3.
Hey there, Wealthy Warrior!
Image Source
Congratulations!Your financial health is at a high point. You’re on the road to financial success!You’ve mastered the art of budgeting and living within your means. Your retirement fund is growing. Your investments are thriving. You have a solid emergency fund nest egg. Long story short, you’re thriving!Keep doing what you’re doing and watch your wealth continue to climb!3 Tips to Reset Your Finances1. Set up a budget. It doesn’t have to be restrictive. It’s simply a plan for every dollar. Calculate how much money you need for food and shelter. Put some money aside for your emergency fund. And when you’ve got your emergency fund set aside (financial gurus recommend $1000) it’s time to get rid of debt.2. Reduce debt. Sometimes it feels like debt is a fact of life. And although it might take a while to pay down your existing debt, you’ll breathe easier when the debt is gone!3. Put money aside for yourself. It’s easy to set up a super strict budget. However, if you don’t give yourself any wiggle room, you end up binge-spending because you just can’t resist. Give yourself a set amount of spending money so you can shop without blowing your budget!Check out these helpful resources to keep your financial management on track:Your Net Worth Calculator

Are you on track for millionaire status?

Are you wondering if your finances are in order for building a million-dollar future? Have you ever felt overwhelmed trying to figure out where to start? Take this quiz and find out for yourself!

Quiz Questions

Quiz Outcomes