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Quizzes and Polls > Quizzes and Polls Index > Are You Prepared for a Financial Emergency?
Quiz: Are You Prepared for a Financial Emergency?

A financial crisis can strike at any time, but luckily, there are steps you can take to protect yourself and your money. The key is to create a safety net in advance. For starters, you’ll need to sock away a portion of your earnings in the bank. In addition, you’ll want to minimize your debt, invest in safeguards such as insurance, and keep your standard of living under control. Are you prepared for a financial emergency? Take our quiz to find out now.

Quiz Questions:

     
1. Do you have an emergency savings fund that you could live on if the need arose?
 
Yes, I have an emergency fund that would cover more than nine months of living expenses.
Yes, I have an emergency fund that would cover six to nine months of living expenses.
Yes, I have an emergency fund that would cover less than six months of living expenses.
No, I do not have an emergency fund.

2. Do you have a small amount of cash or traveler’s checks in your home that you could access quickly in the event of evacuation?
 
Yes, I do.
No, I do not.

3. Do you pay off your credit card balance in full each month?
 
Yes, I always pay the balance in full.
I usually pay the balance in full.
I pay the balance sometimes, if I have the money.
I generally pay only a portion or the minimum.

4. Do you continue to make purchases on your credit card even when it’s not paid off?
 
Yes, I continue to use my credit card whether or not the balance is paid.
Sometimes I continue to make purchases, but I try not to.
No, I never make purchases unless the balance is paid.

5. Are you ever late in making payments on bills, loans, or other expenses?
 
Yes, I’m usually late in making payments.
I’m sometimes late in making payments, but not often.
No, I’m never late in making payments.
     


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