Finance Health Quiz

Want to achieve your financial goals and dreams?

Take this quick quiz to see how well you are managing your money so far. Choose the answer that best describes your current position.

When you are done, click on the “View Results” button to see how you are doing”.

Please note, your results are completely confidential.

Name

Phone

How would you describe your current situation?

I/We struggle from pay check to pay check.

I/We always have enough money each month to pay all our expenses including mortgage payments, living expenses etc, but don’t ever have anything left over to save.

I/we always have enough money to meet all our commitments and save every month.

What sort of spender are you?

I plan my purchases in advance and look for discounts and bargains.

I’m an impulse buyer and if I see something I love I have to have it (even if it means putting it on layby or credit card).

I’m generally pretty good with my money but often finding myself spending small amounts of money on things I don’t really need (eg. Buying extra treats at the supermarket when doing several food shops per week, or buying coffee at the café instead of using the coffee machine in the office).

What sort of saver are you?

I never seem to be able to save.

I save what is left after spending.

I allocate a set dollar amount or percentage of my income to saving before I spend any of my income (ie. I spend what is left after saving).

In the past 12 months I/we have reviewed all of my insurance premiums (including home and contents, car, health etc) to ensure that I am not paying more than I should.

True

False

In the past 2 years I/we have reviewed and renegotiated my gas and electricity contracts and compared with other suppliers to ensure I/we am getting good value for money.

True

False

I/we have reviewed my home and investment loans with my mortgage broker in the past 12 months to ensure that my loan products and structure is still right for me and my interest rates are competitive.

True

False

How do you use your credit card(s)?

I/We don’t have any credit cards.

I have a credit card(s) but I pay it off in full every month and never have to pay interest on the balance.

I always make the minimum repayment by the due date but my credit card balance keeps creeping up.

My credit card(s) are maxed out and regardless of how much money I pay into it I just can’t get on top of it.

If you have car loans or personal loans, have you recently reviewed them with your mortgage broker to explore whether there is a cheaper option to clear debt sooner?

I/we have no car loans or personal loans.

Yes

I/We have cash savings sitting in a savings/offset account which is at least 25% of the value of my/our annual income(s).

Yes

How would you manage your financial commitments if you or your partner suffered unexpected injury, illness or death and could no longer work?

I/We have adequate life, income protection and trauma insurance to ensure that financially we can cope with anything life throws our way.

We have a wealthy family who will be able to assist us if we are under financial pressure.

I/we would have to sell assets and potentially sell our family home but would still be ok.

It would put a lot of financial pressure on us and I/m not sure I/we would cope.

Have you and your partner both got up-to-date wills?

Yes

Do you have a clear idea of when you want to be able to retire and how much income you want to receive each year during retirement?

Yes

How are you planning to fund your retirement?

I/We have confidence that we have (or will have) sufficient Net income producing investment assets (eg. Superannuation, Shares and Property (not including the family home) which will allow me/us to retire when I/we want with the lifestyle I/we want .

I’m relying on the Government Pension and my superannuation.

Haven’t thought about it – it still seems too far away.

Do you know what your current superannuation balance is and what it is likely to be at your desired retirement age?

Yes

Do you have a clear action plan that you are currently implementing to ensure that you are in the position to achieve all your future financial goals (including holidays, new homes, retirement lifestyle etc)?

Yes

Financial Health Quiz

Want to achieve your financial goals and dreams?

Take this quick quiz to see how well you are managing your money so far. Choose the answer that best describes your current position.

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Financial Health Quiz

Want to achieve your financial goals and dreams?

Take this quick quiz to see how well you are managing your money so far. Choose the answer that best describes your current position.

Services

Services

Quick Links

Quick Links

Sign Up to our E-Newsletter

Sign Up to our Newsletter

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Quick Links