Can you manage your finances?
It takes more than technical know-how. You also need the motivation to pursue a tedious project and the discipline to update your plan from time to time. See if you have what the experts say it takes.
1.How often do you balance your checkbook?
2.Have you ever worked out a budget and followed it?
3.After certain deductions and gifts to your spouse, what is the maximum the federal government allows you to bequeath to your heirs tax-free?
4.To qualify for a mortgage loan, the total of your monthly debt payments (including the mortgage payment) should never exceed what percentage of your gross monthly income?
5.The Rule of 72 states that: