Educators Debt Management and debt free consultation

Financial Calculators

	Savings
	Debt-to-Income
	Simple Budget
	Detailed Budget
	Price Comparison

Free Consultation

FAQ

About Us

	Consumer Resources

	Find valuable consumer information on our Consumer Resources page.

Spenders Quiz

Test Yourself, Then Check Your Answers Below

"If you hear 'spend, spend, spend' when your money talks, you too may be one of those consumers who later discover themselves in a nightmare of debt instead of living the American dream. Here is a short evaluation to help you determine if you are an over spender.

Following are statements pertaining to your spending techniques. There are five responses to select from which indicate the degree of your likeness to each statement. Just mark the number in the space provided. Should a statement not apply to your situation, skip it and adjust the scoring accordingly which follows afterwards.

1	I always live within my income range.
2	Each income period, I set aside at least ten percent for savings.
3	My finances are managed according to a written spending-plan.
4	All household and grocery spending is planned in advance and done with a list.
5	I rarely make more than one trip a-week to the grocery store.
6	Grocery and other coupons and rebate offers are utilized whenever possible.
7	Comparison shopping for quality, value, price, etc. is something I/we do for practically every purchase, large or small.
8	I have no revolving debt carried on credit or charge cards.
9	I have not had an overdraft of my checking account nor paid late fees on a credit card.
10	I regularly contribute to an employer sponsored retirement plan, IRA or a 401k plan.

Scoring Your Spending Technique
10-15 VERY GOOD. Time to teach others how you do it.
16-20 Pretty Good. Concentrate on improving a few of the weaker areas.
21-35 Average. An hour a-week devoted to improving spending will equal greater $avings.
36-40 Lousy. Immediate changes required, now, to avoid a financial disaster.
41-50 It Stinks! Time to contact a credit and debt counselor.