How savvy are you when it comes to your own personal finances? What factors affect your credit score the most? Can you survive bankruptcy? Do you know what to save and when? How much savings do you need for an emergency? Have you put aside enough for retirement? Is there even time?
When it comes to finances, what is your Bills IQ? Take this nifty little test and find out. Answer a few simple questions about your debt, bill-paying habits and savings and they’ll tell you what your total Bills IQ is.
Not surprisingly, I got a failing grade. Now, this is not because I am completely in the dark about which financial practices are good and which aren’t, but mostly because I am still working on fixing credit and debt mistakes of the past. So, I wasn’t surprised to find out that I could handle my finances better than I do, but what did surprise me were my honest answers to certain questions.
I would have liked to have picked better answers but the truth is, a lot of times I make the wrong choices when it comes to debt, credit and planning for retirement. We all do, because without the right advice, we are likely to think in terms of the “now” and what’s expedient. We should all strive to make better choices.
That’s what Bills IQ is all about – discovering what it is that you do now that is detrimental to your financial picture and getting the help and the expert advice to start doing those things that are beneficial.
What’s your Bills IQ? Take the test and find out, you might be surprised.
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