Beacon Financial Strategies Financial Planning NC

Personal Finance Stress Test

In Cash Flow and Budgeting, Personal Finance by Chip Hymiller

I stumbled across this little tool at that I thought was pretty neat.  The purpose of the tool is to seek an answer to the question, “How healthy are your finances?”

You enter answers to a series of questions and the calculator determines, or grades, your financial health.  I entered a few hypothetical situations and I thought it provided a pretty fair assessment.

It only takes a few minutes to go through this exercise…give it a try!