Might You Be An Over Spender?
Test
Yourself, Then Check
Your Answers Below
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Over
Spenders Quiz created
by Paul Richard,
Executive Director of
the Institute of Consumer
Financial Education
"If
you hear 'spend, spend,
spend' when your money
talks, you too may be
one of those consumers
who later discover themselves
in a nightmare of debt
instead of living the
American dream. Here
is a short evaluation
to help you determine
if you are an over spender.
Following
are statements pertaining
to your spending techniques.
There are five responses
to select from which
indicate the degree
of your likeness to
each statement. Just
mark the number in the
space provided. Should
a statement not apply
to your situation, skip
it and adjust the scoring
accordingly which follows
afterwards.
Scoring
Your Spending Technique
10-15 VERY GOOD. Time
to teach others how
you do it.
16-20 Pretty Good. Concentrate
on improving a few of
the weaker areas.
21-35 Average. An hour
a-week devoted improving
spending will equal
greater $avings.
36-40 Lousy. Immediate
changes required, now,
to avoid a financial
disaster.
41-50 It Stinks! Time
to contact a credit
and debt counselor.
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About the ICFE:
The Institute of Consumer Financial Education (ICFE) was founded in 1982 by the late Loren Dunton (creator of the Certified Financial Planner (CFP) designation). The ICFE is dedicated to helping consumers of all ages to improve their spending, increase savings and use credit more wisely.
The ICFE is an award winning, nonprofit, consumer education organization that has helped millions of people through its education programs and resources. It publishes the Do-It-Yourself Credit File correction Guide, which is updated annually. The ICFE has distributed over one million Credit/Debit Card Warning Labels and Credit/Debit Card Sleeves world wide.
The ICFE became an official partner with the Department of Defense/Financial Readiness Campaign in June of 2004.The ICFE was an active partner in the California Student Debt Resource Awareness Project (CASDRAP) which resulted in a new web site: (studentdebthelp.org). CASDRAP disbanded in 2010, shortly after the web site project was completed. In 2011 the ICFE assumed the single sponsorship of the (studentdebthelp.org) web site and is now responsible for its content and operation.
The ICFE is also an on-line help for consumers who spend too much. ICFE's spending help was featured in PARADE Magazine in the Intelligence Report section. The money helps and tips are from the ICFE's Money Instruction Book, our course in personal finance.
Visit the ICFE's other web sites at: www.icfe.info and studentdebthelp.org. Both sites helps consumers and students with mending spending, learning about the proper use of credit, budget and expense guidelines, how to set up and implement a spending-plan and also how to access financial education courses and how to teach children about money. Other ICFE services include: Ask Mr. G, a free eNews, and an online resource center for students, parents and educators, plus financial education learning tools and a book store.
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