All About Your Financial & Life Plan
A successful financial plan starts with a family budget of income & spending

Joanne David CFP FCSI financial planning and insurance solutions. Download budget for your family budget.


Set a no obligation family financial budgeting analysis with Joanne David CFP FCSI. Review your bottom line today.

Joanne David CFP FCSI financial planning and insurance solutions.     Joanne David CFP FCSI financial planning and insurance solutions.

Joanne David CFP FCSI Financial Planning and Insurance Strategies When a spouse dies
Connect with Us

Joanne David CFP FCSI Financial Planning Edmonton, Alberta Joanne David CFP FCSI

View Joanne David CFP FCSI's profile on LinkedIn

View Joanne David CFP FCSI's profile on LinkedIn Be the first of your friends to follow

Joanne David CFP FCSI on facebook.
Obtain your Free Portfolio Analysis and Financial Review with Joanne David CFP FCSI

Set a no obligation portfolio analysis and financial review with Joanne David CFP FCSI. Review your investments today.

Joanne David CFP FCSI financial planning and insurance solutions.     Joanne David CFP FCSI financial planning and insurance solutions.

Keybase Financial Group

Joanne David CFP FCSI Joanne David CFP FCSI

Take this Personal Finance Budget Checkup Quiz

joanne david personal financial and budget quiz checkup
by Joanne David CFP FCSI Share 'Take this Personal Finance Budget Checkup Quiz' on Facebook Share 'Take this Personal Finance Budget Checkup Quiz' on LinkedIn Share 'Take this Personal Finance Budget Checkup Quiz' on Twitter Share 'Take this Personal Finance Budget Checkup Quiz' on Gmail Share 'Take this Personal Finance Budget Checkup Quiz' on Print Friendly

Creating a budget is quite easy. You can check out my recommended mobile budget applications if you are technical savey. Or if you prefer the pen to paper routine as I do, or simply can’t get motivated to review your expenses and create a budget, please check out my budget tips including an excel template for your use.

But if you are just not sure, check out my Personal Finance Budget Checkup Quiz. It’s fun and a good financial budget checkup considerations regardless.

The Personal Finance Budget Checkup Quiz

Answer each question below to determine how well you are currently budgeting and managing your personal credit and finances. Mark a score to each question.

Frequently: 2 points ~ Often: 1 point ~ Never: 0 points

Personal Finance Budget Checkup: The Questions

1. Have you set up an emergency account, to cover unforeseen emergencies (such as 3-6 months income)?

2. Do you have enough funds at the end of each month to pay all of your household expenses?

3. Do you pay your monthly bills on time each month?

4. Do you have a written financial plan including timeline for long-term financial goals?

5. Do you have a written financial budget that includes all family income and expenses?

6. Do you have organized records of all your financial affairs (income tax records, expenses and income items, financial statements, estate planning documents)?

7. Do you know what your personal balance sheet is (and how much you are worth)?

8. Do you save using automatic payments for long-term financial goals (major purchases, children’s education, retirement planning)?

9. Do you know your personal tax implications (marginal taxation rate on income and retirement savings, current and retirement income taxation, and estate taxation)?

10. When you receive a new job or income promotion, do you regularily increase your long-term savings?

11. Do you hold multiple investment accounts for varying purposes (in addition to what your employer may offer)?

12. Are your investments well diversified, and do you understand your risk tolerances and time horizons for each account that you hold?

13. Do you teach your children about the time value of money and how best to manage a budget?

14. Do you live a healthy and minimalist lifestyle (not buying what you don’t need, and buying what is healthy)?

15. Do you know your life purpose, and is this part of your written financial plan (what is your life legacy)?

Personal Finance Budget Checkup: Check your Score!

Add up all your scores and see our assessment below.

25 – 30: You have achieved excellence in the area of personal finance. You are likely financially resilient and very good at tracking expenses and with personal money management, as well as setting long-term goals.

19 – 24: You are on your way to excellence. You can improve on many personal financial planning tasks. Start with a reorganization of your personal finance affairs, then move from there on financial areas that you can improve upon.

12 – 18: You have some weaknesses that you need to work on, but I know that you have the capacity to build upon foundations and overcome any challenges. You are in a position that could easily lead you to financial disaster. On the other hand, if you pull up your socks you can turn this into financial success and resilience.

0 – 11: A financial fail! You are heading for disaster towards the unknown. Please take action urgently!

How did you do?

I love providing constructive critique on family budgets. Creating a foundation of good financial budgeting and long-term planning is what I do best. It all starts with a full financial review. Contact me for an investment and financial planning review.

by Joanne David CFP FCSI Share 'Take this Personal Finance Budget Checkup Quiz' on Facebook Share 'Take this Personal Finance Budget Checkup Quiz' on LinkedIn Share 'Take this Personal Finance Budget Checkup Quiz' on Twitter Share 'Take this Personal Finance Budget Checkup Quiz' on Gmail Share 'Take this Personal Finance Budget Checkup Quiz' on Print Friendly by Joanne David CFP FCSI Certified Financial Planner
Share this post. Share 'Take this Personal Finance Budget Checkup Quiz' on Facebook Share 'Take this Personal Finance Budget Checkup Quiz' on LinkedIn Share 'Take this Personal Finance Budget Checkup Quiz' on Twitter Share 'Take this Personal Finance Budget Checkup Quiz' on Gmail Share 'Take this Personal Finance Budget Checkup Quiz' on Print Friendly