"Am I so well informed about money matters that I could wisely handle the family finances if my spouse were to die or be incapacitated?" Take the quiz and find out! Be truthful with yourself and don't worry about exact amounts.  (Feel free to copy - best to copy and paste into a word document first)

INCOME AND OUTGO
1)  How much money does the family spend each month on basic living expenses?

food	clothing
health	housing
cars	insurance

2)  How much income do you and your spouse receive monthly? (Gross and Net) 
3)  What deductions (and/or taxes) are taken from your paycheck(s)?  How many tax 
      exemptions do you take?
4)  How much income do you make in:  (and what rate of return are you getting?)

 

stocks	bonds
real estate	other

5)  If your spouse should die, how much income would you receive from:

Social Security	Pension Plans
Life Insurance	Other

LIABILITIES
6)  What is the payoff amount, and interest rate on:

Home Mortgage	Auto
"Plastic"	Loans
Other	Other

ASSETS
7)   What is the Equity in your home?
8)   If you liquidated your stocks, bonds, mutual funds, and other Securities, what would
      they be worth today?
9)   How much is your car, jewelry, coin collections, guns, computers, antiques, and other 
       tangible property worth?
10) Are these Securities and property in your husbands' name or are they jointly owned?
11) Where are the investments and properties located or where are the papers that prove 
       ownership of them (where are the files?)

12) Where are the vital records kept?

Social Security cards	Tax records
Car titles	Deeds
Military records	Credit Card info

BANKING ARRANGEMENTS
13) Where are your financial files?
14) In what bank(s) you and other family members have accounts?
15) How much is in the Savings account(s)?
16) How much is in the Checking account?
17) Where are the bank statements, canceled checks, passbooks, stock certificates and
       bonds kept?
18) Do you have a Stockbroker or do you know how to find out what your stocks and 
       bonds are worth?
19) Do you keep a separate list of US Government Bond serial numbers and 
       denominations?
20) Does your spouse have a safe deposit box?
21) Where is the key and do you have access to it?

INSURANCE POLICIES
22) What kind of Insurance policy do you own and how much is the coverage? (Group, 
       Term, Whole Life, Universal)
23) How would these policies pay off? (lump sum, installments for a period of time, 
       installments for life)
24) Are you AND the children insured?
25) Are there any loans out on any of the life insurance policies?  How much?
26) What insurance do you carry on the house and car?
27) What benefits can the family collect from Disability or Accident Insurance? Health 
       Insurance? (Does the company your spouse works for have any special provisions 
       and how many month will you have to wait to collect benefits?)
28) If your spouse is a Veteran, are you aware of any benefits they can receive? Is there a
      Veteran's claim number?
29) Where do you keep all policies and premium receipts? (How would you replace your 
       policies if you lost them?)
30) What's the name of the insurance companies for:

Home	Title (home)
Health	Car
Life	other

RETIREMENT PROGRAMS
31) Is your spouse covered by a company retirement plan? (401K, Profit Sharing, Stock 
       Option, other?)
32) What benefits are available for you under this plan if he/she dies?
33) Does your spouse have a private retirement plan? (I.R.A., KEOGH, other?)
34) How much is in those plans, where are the funds invested, and what is the rate of 
       return?

YOUR SPOUSE'S ESTATE
35) Does your spouse have an up to date Will?
36) Where is the Will?
37) Do you have ready access to it?
38) Who has been appointed Administrator, Executor, Co-Executors, Trustees, and/or 
       Guardians?
39) If a special item is to go to a particular person, IS IT IN WRITING?
40) Would any inheritance or estate taxes have to be paid?
41) Has your spouse set up a TRUST?
42) If your spouse owns a business, what arrangements have been made for it's 
       operation or sale should he/she die?

PEOPLE YOU SHOULD KNOW
43) Who is your lawyer?
44) Who is your Stock Broker/Investment Counselor?
45) Insurance Agent?
46) Realtor?
47) Tax Accountant or C.P.A.?
48) Does anyone hold a Power of Attorney for you or your spouse?
49) Name, address, and phone number of all Employers. 
50) Who do you call at your spouse's company who can spell out company medical and 
       death benefits?
51) What are the names and addresses of your spouse's relatives? (Does someone keep 
        an address book?)

OTHER CONSIDERATIONS
52) What is the location of personal property inventory lists (in case of fire)?
53) Are all contracts IN WRITING? (Does anyone owe you money?)
54) Do you have birth and marriage certificates in a safe place (extra copy with a 
       relative)?
55) Do you have your spouse's genealogy, life story recorded?
56) Do you have an emergency fund? (How much?)
57) Do you know your spouse's Social Security number?
58) Do you have a pre-arranged funeral agreement? (burial plot)
59) If your husband is Self Employed, where are all the documents pertaining to his 
       business and what will you do with them?
60) Have you talked to your spouse about whether you should sell the house?

How did you do?
52 - 60?            Great!  You are the one who handles the family finances.
42 - 51?            Not Bad!  You probably know more than most.
34 - 41?            You are Average and very insecure.  Have a talk with the spouse.
27 - 33?            Not good.   Have a LONG talk with the spouse
Under 27?      DANGER!  You are setting yourself up for major financial grief!

 
http://www.JaredStory.com/finances.html
Healthy Finances
http://www.JaredStory.com/about_taxes.html
http://www.JaredStory.com/biblical_view_gold_and_silver.html
http://www.JaredStory.com/buy_gold_and_silver.htm
http://www.JaredStory.com/buy_gold_and_silver.html
http://www.JaredStory.com/finances.html
http://www.JaredStory.com/finances_quiz.html
http://www.JaredStory.com/founding_father.html
http://www.JaredStory.com/gov_and_money.html
http://www.JaredStory.com/history_gold_and_silver.html
http://www.JaredStory.com/homebusiness.html
http://www.JaredStory.com/ideal_business.html
http://www.JaredStory.com/SmartMoney.html
http://www.JaredStory.com/the_world.html
 
http://www.JaredStory.com/preparedness.html
Preparedness 
http://www.JaredStory.com/farm_hand.html
http://www.JaredStory.com/firstaid_kit.html
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http://www.JaredStory.com/Four_Levels_of_Preparation.html
http://www.JaredStory.com/herbalremedieskit.html
http://www.JaredStory.com/preparedness.html

"'Now, I, the Lord, am not well pleased with the inhabitants of Zion, for there are idlers among them; and their children are also growing up in wickedness; they also seek not earnestly the riches of eternity, but their eyes are full of greediness.  'These things ought not to be, and must be done away from among them,' (D&C 68:31-32). We see evidence of many parents who overindulge their children without adding sufficient training about the value of work."     L. Tom Perry>>
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