NDSU Extension - Sargent County


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You Are Here

You Are Here 12/29/17“You are here.”  Seeing that phrase on a map, diagram, or directory, along with the accompanying dot or marker, is something I deeply appreciate when I am feeling uncertain or downright lost.  For example, when I am trying to find my way through an unfamiliar place, be it a hiking trail, city, building, shopping mall, hospital, airport, etc.

Seeing “you are here” helps us know exactly, literally, where we are. And it is the first step to getting where we want or need to go.  Wouldn’t it be great if there was a “you are here” sign for us to look to when we are feeling unsure, frustrated, fearful, or lost about our finances? 

There is!  Self-assessments work like “you are here” signs.  They help us know where we are, and serve as the first step to getting where we want or need to go.

A variety of free, easy-to-use financial self-assessment tools are available online.  Using them helps us discover our personal financial strengths and weaknesses.  With that information, we can diagnose and begin to treat any part of our financial situation that is not healthy.

Six online self-assessment quizzes developed by Rutgers Cooperative Extension are listed and briefly described below.  They help you discover what you are doing right or well, and/or suggest things to do to improve.

  • Financial Fitness Quiz- Twenty questions about emergency savings, retirement savings, financial goal-setting, financial record-keeping, budgeting, debt ratios, and comparison shopping.
  • Identity Theft Risk Assessment Quiz- Twenty questions about your risk-reduction practices such as checking credit reports, shredding documents with sensitive data, and securing incoming and outgoing mail.
  • Investment Risk Tolerance Quiz- Thirteen questions, including hypothetical scenarios with alternative choices.
  • Personal Health and Finance Quiz- Health and wealth go together.  This quiz has ten questions about your health practices, plus ten questions about your wealth practices.  Food consumption, physical activity, saving and investing, budgeting, and debt ratios are topics and concepts probed by the questions. 
  • Personal Resiliency Resources Assessment Quiz- Twenty questions to help you assess the availability of resources for coping with situations that are financially stressful.
  • Wise Credit Management Quiz- These twenty questions help you assess your credit and debt management practices.

Visit http://njaes.rutgers.edu/sshw/message/message.asp?p=Finance&m=363 for more information about these self-assessment tools and others that can serve as “you are here” markers and help you develop a small-step financial action plan for increasing savings and reducing debt and spending in 2018.

Photo Source: https://pixabay.com/en/map-pin-illustrator-holder-place-42871/ (downloaded 1/2/18)

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