Financial Wellness Assessment

Assess your financial well-being by answering the following questions. Curious how it works? Learn more about this survey.

Which of the following statements best describes how your household’s total spending compared to total income, over the last 12 months?

Spending was much less than income

Spending was a little less than income

Spending was about equal to income

Spending was a little more than income

Spending was much more than income

Which of the following statements best describes how your household has paid its bills over the last 12 months?
My household has been financially able to:

Pay all our bills on time

Pay nearly all our bills on time

Pay most of our bills on time

Pay some of our bills on time

Pay very few of our bills on time

At your current level of spending, how long could you and your household afford to cover expenses, if you had to live only off the money you have readily available, without withdrawing money from retirement accounts or borrowing?

6 months or more

3-5 months

1-2 months

1-3 weeks

Less than 1 week

Thinking about your household’s longer-term financial goals, such as saving for a vacation, starting a business, buying or paying off a home, saving up for education, putting money away for retirement, or making retirement funds last…
How confident are you that your household is currently doing what is needed to meet your longer-term goals?

Very confident

Moderately confident

Somewhat confident

Slightly confident

Not at all confident

Thinking about all of your household’s current debts, including mortgages, bank loans, student loans, money owed to people, medical debt, past-due bills, and credit card balances that are carried over from prior months…
As of today, which of the following statements describes how manageable your household debt is?

Do not have any debt

Have a manageable amount of debt

Have a bit more debt than is manageable

Have far more debt than is manageable

How would you rate your credit score?
Your credit score is a number that tells lenders how risky or safe you are as a borrower.

Excellent

Very Good

Good

Fair

Poor

I don’t know

Thinking about all of the types of insurance you and others in your household currently might have, including health insurance, vehicle insurance, home or rental insurance, life insurance, and disability insurance…
How confident are you that those insurance policies will provide enough support in case of an emergency?

Very confident

Moderately confident

Somewhat confident

Slightly confident

Not at all confident

No one in my household has any insurance

To what extent do you agree or disagree with the following statement:
"My household plans ahead financially."

Agree strongly

Agree somewhat

Neither agree nor disagree

Disagree somewhat

Disagree strongly

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About South Metro Federal Credit Union

Our suite of Financial Education Services (FES) is founded on providing a thorough education and consistent guidance with a confidential personal representative. With this relationship in place, we’ll work with you to determine your broad goals and set tactics for direct outcomes that build credit and help manage debt. We’ll empower you with the mindset, tools and products it takes to make an impact on your financial health.

Have a question? Contact Alyssa Walford at:

952-358-9738
fes@southmet.com

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About MoneyEdu
MoneyEdu is a service of South Metro Federal Credit Union and Decision Partners. For over a decade, Decision Partners has helped individuals succeed through personalized financial education.

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Financial Wellness Center

Financial Wellness Assessment

This Week

About South Metro Federal Credit Union