ICFE's Over Spenders Quiz
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Might You Be An Over Spender?

Test Yourself, Then Check Your Answers Below

Over Spenders Quiz created by Paul S. Richard, Executive Director of the Institute of Consumer Financial Education

"If you hear 'spend, spend, spend' when your money talks, you too may be one of those consumers who later discover themselves in a nightmare of debt instead of living the American dream. Here is a short evaluation to help you determine if you are an over spender.

Following are statements pertaining to your spending techniques. There are five responses to select from which indicate the degree of your likeness to each statement. Just mark the number in the space provided. Should a statement not apply to your situation, skip it and adjust the scoring accordingly which follows afterwards.

1 I always live within my income range.
2 Each income period, I set aside at least ten percent for savings.
3 My finances are managed according to a written spending-plan.
4 All household and grocery spending is planned in advance and done with a list.
5 I rarely make more than one trip a-week to the grocery store.
6 Grocery and other coupons and rebate offers are utilized whenever possible.
7 Comparison shopping for quality, value, price, etc. is something I/we do for practically every purchase, large or small.
8 I have no revolving debt carried on credit or charge cards.
9 I have not had an overdraft of my checking account nor paid late fees on a credit card.
10 I regularly contribute to an employer sponsored retirement plan, IRA or a 401k plan.

Scoring Your Spending Technique
10-15 VERY GOOD. Time to teach others how you do it.
16-20 Pretty Good. Concentrate on improving a few of the weaker areas.
21-35 Average. An hour a-week devoted improving spending will equal greater $avings.
36-40 Lousy. Immediate changes required, now, to avoid a financial disaster.
41-50 It Stinks! Time to contact a credit and debt counselor.


About the ICFE:

The Institute of Consumer Financial Education (ICFE) was founded in 1982 by the late Loren Dunton (creator of the Certified Financial Planner (CFP) designation and founder of the College for Financial Planning in Denver, CO.) The ICFE is dedicated to helping consumers of all ages to improve their spending practices, increase savings and use credit more wisely.

The ICFE is an award winning, nonprofit, consumer education organization that has helped millions of people through its financial continuing education courses programs and resources. In addition to eight Certification courses covering identity theft, credit files, credit repair and credit scoring, among others, it also publishes the Do-It-Yourself Credit File correction Guide, which is updated annually. The ICFE has distributed over one million Credit/Debit Card Warning Labels and Credit/Debit Card Sleeves world wide.

The ICFE is a partner with the national Jump$tart Coalition for Financial Literacy and the California Jump$tart chapter. The ICFE staff is also active with San Diego Saves and Military Saves, both offshoots of America Saves.

The ICFE is also an on-line help for consumers who spend too much. ICFE's spending help was featured in PARADE Magazine in the Intelligence Report section. The money helps and tips are from the ICFE's Money Instruction Book, our course in personal finance.

The ICFE helps consumers and students with mending spending, learning about the proper use of credit, budget and expense guidelines, how to set up and implement a spending-plan and also how to access financial education courses and how to teach children about money. Other ICFE services include: Ask Mr. G library, a free eNews service, and an online resource center for students, parents and educators, plus financial education learning tools in the ICFE Book Store.

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