Giving Your Money a Checkup

by Michael on Feb 18, 2013

MyMoneyCheckUp Logo

This is just a quick note to point out a potentially useful tool from the National Foundation for Credit Counseling called MyMoneyCheckUp.

Developed by the NFCC in conjunction with researchers at Ohio State, the Univ of Wisconsin, and the Univ of Chicago, it’s basically an online interview covering a variety of financial topics that culminates in customized recommendations.

The interview topics include things like your income, budgeting, borrowing, savings rates, etc. Depending on what they recommend, they then provide links to internal pages with more details and background information.

If you already have your ducks in a row, it might not be terribly useful — for example, I was advised to start budgeting. That’s good advice in general, but our lack of budgeting is a conscious decision. We have rather aggressive savings benchmarks and, once those are met, we don’t really worry about the rest.

But if you’re just starting out or have been struggling to get by, then it might be worth checking out. Just be aware that the interview process takes 10-15 minutes. Also note that there’s a Spanish-language version if that’s your cup of tea.

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