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Financial Fitness Quiz

Each question, below, represents an ideal situation. For many students, this is not their reality. If you find that any specific question does not describe your current circumstances, please do not be discouraged. This quiz will help you identify areas where you may need improvement.

After you complete the quiz, click the "Calculate" button, and scroll back up the page to see our suggestions for ways you can improve your financial fitness.

Paying for School
1. I have sources of non-debt financial assistance to pay for my tuition each semester (Pell Grant, scholarship, parental support, and/or personal savings).
2. My part-time income, combined with any summer earnings, is enough to pay for all of my regular living expenses each month (rent, food, transportation, and personal expenses).
3. I am enrolled in a full course load each semester and achieve passing grades in all of my classes.
Spending/Financial Management
4. I have written financial goals and know what I need to be doing on a daily basis to achieve them.
5. I have money in an emergency fund to help me pay for unexpected expenses.
6. I use and review a written budget (or app, computer program, etc) on a regular basis to help me coordinate my spending decisions.
7. I analyze my spending patterns to find ways I can improve my financial management.
8. I feel confident about my finances. I am usually not distracted by financial concerns, and money is not a source of stress.
Debt/Credit
9. I can usually find ways to reduce my expenses to avoid unnecessary borrowing.
10. If I currently have a student loan, I know my total outstanding balance and the required minimum monthly payment to meet this obligation after I graduate.
11. The required minimum monthly payment for all of my outstanding student loan balances is equal to or less than 8% of my projected future monthly income.
12. I pay my credit card balance in full each month to maintain a good credit score and avoid interest charges. (Select "Not Applicable" if you don't have a credit card).
13. I have ordered and reviewed a copy of my personal credit report from a major credit reporting bureau and know my credit score.
14. I know about recommended actions to protect myself from identity theft and actively take these precautions to ensure my personal information is not used fraudulently.
Career/Financial Planning
15. I have explored career options based upon my major course of study and know what I can reasonably expect to earn for my starting salary.
16. I have a basic understanding of employer benefits and how to evaluate benefits packages when accepting my first job offer after graduation.
Calculate