With the economy the way it is many people are doing all they can do just to keep food on the table, gas in their car(s) and the electric on. Many times we neglect other bills such as credit cards and loans. By not paying credit cards and loans the way we are supposed to it has a detrimental effect on our credit history which can keep us from ever getting ahead.
I took this quiz at Bills IQ to test my overall financial fitness. My overall score was 77% or a C. I have no credit cards at all and pay for whatever I need with cash or I don’t get it. I guess that’s why I was a little shocked when I saw my score. There are some things I can do at work, I could contribute to my 401K but I haven’t, I use the excuse that I can’t afford it. (Yes I work at home and my employer offers a 401K along with medical benefits.)
What I did learn from this test is that I need to better plan for my future. Anyone that has a lot of debt may want to look into how they can Consolidate debt. Doing so will improve your financial fitness!
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