Financial Self-Tests

In their latest book, All Your Worth, Elizabeth Warren and Amelia Warren Tyagi, show you how to get out of debt, cover your bills and start getting ahead. The following are self-tests from the book that will help you figure out where your finances stand. Getting these three categories right will be the key to getting your money into balance: Must-Haves Think of these as the basic bills you need to pay each and every month — like your mortgage and your car payment.   Respond with True or False to the following statements:       If you marked True more than once, you are probably heavy on the Must-Haves.   Wants You may be one of those people whose basic costs are under control, but you still find it tough to put money away at the end of the month. Respond with True or False to the following statements: If you marked True more than once, you are probably overspending on your Wants.   Saving Saving is the road to wealth creation. Is your savings plan a "next month we'll do it" because this month never works out? Respond with True or False to the following statements: If you marked True more than once, you are struggling to save enough money. If you aren't saving enough then you are spending too much money on your Wants or Must-Haves or both. For more on how to evaluate your scores and learn how to turn things around, read All Your Worth. By Elizabeth Warren and Amelia Warren Tyagi See other advice from Elizabeth Warren.