A Spending Quiz

This quiz is one that is given by Consumer Credit Counseling Services Southwest in Arizona. It is a very good test for evaluating your financial situation.

Take this 12 point True/False Quiz

You spend money on the expectation that your income will rise.
You take cash advances on one credit card to make a payment on another.
You spend over 20% of your take home pay on credit card bills.
You often fail to keep an accurate record of your purchases.
You regularly pay for groceries on a credit card because you need to.
You often hide your purchases from your family.
Owning several credit cards makes you feel richer.
You have applied for more than five credit cards in the past year.
You pay off your monthly credit cards bills but let others slide.
You almost always make the minimum payment on your credit card bills.
You like to collect cash from friends in restaurants then charge the tab on your card.
You have trouble imagining your life without credit.

Scoring True answers

1-4 You can probably keep going. You don't seem to splurge uncontrollably.
5-8 Slow down. you have entered a caution zone. It's time to draw up a budget, pay off your bills and look at your spending habits.
9-12 Look out. You are headed for trouble and probably need help getting out of debt and changing your spending habits.

The first step in getting back on track with your financial future is to acknowledge that you have a problem. The longer you deny the realities of your situation, the deeper you get into debt. No one wants to admit that they made a mistake. But, there should be comfort in knowing that your are not alone. In a 50 year credit life, nearly 75% of Americans will face some sort of credit crisis. The severity of that crisis will vary from just a few late payments to bankruptcy. With God's help, you can take control of your spending habits and get out to debt. Nothing is impossible, once you make the commitment to take action.

Check Out These Pages on Our Web:

	Getting Out of Debt
	Living Simply is Less Complicated Than You Think
	This Financial Planner Drives a Truck

Trained Budget Counselors are Available Through Crown Financial Ministries.

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