Managing Your Money: Personal Finance Simplified.pdf download

To embark on your journey toward financial freedom, the first step is to accurately assess the extent of your bad debt. For many, confronting their debt feels akin to a trip to the dentist—it's beneficial but often uncomfortable. Some individuals may have already resigned themselves to their situation, aware of their significant debt but reluctant to face it.

However, if you're committed to creating a positive cash flow in your life, you must begin with the basics of financial literacy. To help you get started, here’s a brief quiz. Mark a 1 next to any questions you can answer with "yes":

___ Do you frequently pay your bills late?
___ Have you ever concealed a bill from your partner?
___ Have you delayed car repairs due to lack of funds?
___ Have you recently purchased something unnecessary that you couldn't afford?
___ Do you often spend more than your income?
___ Have you been denied credit?
___ Do you buy lottery tickets in hopes of escaping your debt?
___ Have you postponed saving for emergencies?
___ Does your total debt (excluding your mortgage) surpass your emergency savings?