💵 Cash or Credit?
Do you always say, “Charge it,” or do you like to save for the big items? You might not realize it, but every financial decision that you make has a huge impact on your future. You need to analyze your finances now so you can prepare for your future. This Cash or Credit quiz will help you learn more about your finances. Then, you’ll know if you should keep cruising right along or if you need to make some changes.
The Dangers of Credit
If you want something, it’s hard to say no. That is why credit is such a popular choice. You can say, “Charge it,” today and then worry about it later. However, if you say, “Charge it,” over and over again, all of those bills will add up and you will be in trouble.
That is why it is so important that you answer the questions in this quiz honestly. As you move through the questions, you need to put some thought into the process and provide the right answer, even if it means that you have to admit that you’ve lied to get credit or that you have a large number of credit cards. Those answers might not be comfortable, but they are necessary in order to provide an accurate picture of your credit profile.
Is Some Credit OK?
Don’t worry if you do have some credit. It’s okay to have a credit card or a mortgage on your house. If you are smart with your credit, the test results will indicate that. You can find a nice balance between cash and credit. In fact, some of the happiest people have that balance. They don’t charge much, but they do charge the things that they absolutely need, such as a roof over their heads. They aren’t going to go without, but they aren’t going to live in debt, either.
Is It Too Late?
When you get your results, you might think it is too late to change. You can always make a change. You might need to get a credit counselor to help you, but you can move forward and have a healthy financial life.
Start by taking the test. Then, you will know if you need further assistance.