Have you reached the danger mark with your personal finances? How will you know? Just because you still manage your finances somehow doesn’t mean you don’t have a problem on hand. Take this quiz to figure out how you fare with your finances. Give yourself 1 point if you answered yes to any of the above questions.

Rate your financial status:

• I know all about my financial inflows/ outflows.
• I manage my finances in the best way possible.
• I know credit card dues add up if not settled on time.
• I have set financial goals for my self and am working towards it.
• I know I am building an asset when I take a housing loan, whereas I am spending when I buy the best wheel in town.
• I have more than two credit cards and I juggle them to best effect.
• I avail all possible tax exemptions and benefits.
• I know it is important to have staying power to invest in the stock markets.
• I am adequately insured for my dependents to feel secure about it.
• I do not bank on borrowing money from my parents, siblings or spouse.

olmdesk@outlookindia.com