Are you fiscally fit?

Take this quick quiz to determine if your finances are in good shape:

1. Do you have emergency reserves equal to 4-6 months of living expenses? If so, give yourself 2 points.
2. If you had your insurance policies reviewed within the last three years, give yourself 1 point.
3. If you keep a budget and monitor your family's spending on a monthly basis, give yourself 2 points.
4. If you have long-term disability insurance coverage, give yourself 1 point.
5. If you have a life insurance plan, give yourself 1 point.
6. If your will has been reviewed in the past 2 years, give yourself 1 point. If you don't have a will, subtract 1 point.
7. If your will designates a guardian for your minor children, or your children are all grown, enter 1 point.
8. If your investments are balanced as the result of intentional plan, instead of by accident, give yourself 3 points.
9. Give yourself 1 point for each year you and your spouse made the maximum contribution to an IRA (since 1982).
10. If you pay yourself first by setting aside a designated portion of your earnings to savings and investments every month, give yourself 3 points.

Total: How do you shape up?
16 or above -- you are fiscally fit.
12-15 -- your fiscal fitness program needs some shaping up.
11 or less -- you are financially out-of-shape.

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