top of page

Test Your Financial Literacy!

  • Blakely
  • Nov 25, 2024
  • 1 min read



———————————

Financial Literacy Series:

Test Your Financial Literacy!

Answer these questions.

  Words.  150.  #122

———————————

 

  1. Do you pay all your credit card bills in full each month?

 

2. Are you contributing at least 10% of your gross salary to a retirement plan at work, or at the very least, saving at least that much in an IRA and/or regular taxable account?

 

  1. Do you have a ‘long-term asset allocation’ plan for your retirement investments?  

 

4.  Do you have a six-month emergency savings fund separate from your checking or other bank accounts?

 

5.  Do your car expenses stay within the 10% allocated within your budget?

 

6.   Do you have a will, a trust, an advance directive (living will), and have you appointed someone to be your health care proxy?

 

 7.   Do you have term life insurance to provide protection to those who are dependent on my income?

 

 8. Have you checked all the beneficiaries of every investment account and insurance policy within the past year.?

 

All the answers above should be - YES

For the questions you answered NO - put those on your ‘to do list’ to be able to answer yes to them eventually. Get to Know Your Money!

 

Come join us - Follow this blog - MoneyWithBlakely.com  Try to read at least one blog post a week.  Your financial literacy will grow and grow. 

 

This site is for educational purposes only and should not be considered advice. Consult a financial advisor or conduct your own due diligence. 

 

 



 

 

 

bottom of page