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)
How much money does the family spend each month on basic living expenses?
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
4) How much income
do you make in: (and what rate of return are you getting?)
If your spouse should die, how much income would you receive from:
What is the payoff amount, and interest rate on:
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
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?)
Where are the vital records kept?
Where are your financial files?
14) In what bank(s) you
and other family members have accounts?
15) How much is in the Savings
16) How much is in the Checking
17) Where are the bank statements,
canceled checks, passbooks, stock certificates and
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?
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
24) Are you AND the children
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 aVeteran's
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:
Is your spouse covered by a company retirement plan? (401K, Profit Sharing,
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?
Does your spouse have an up to date Will?
36) Where is the Will?
37) Do you have ready access
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?
YOU SHOULD KNOW
Who is your lawyer?
44) Who is your Stock Broker/Investment
45) Insurance Agent?
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?)
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?
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!
you don't know can and will hurt you!
and not 'later' is the time to be prepared financially.
sure and give your spouse this quiz and see if he/she can do better!
"'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.
"I went on a diet for
two weeks and all
I lost was 14 days"
"He who understands
interest collects it;
He who doesn't under-
stand interest, pays it!"
"Where you will be five years
will depend on the books
what you listen to and
you associate with"
We must find
answers to these
Where did I come from?
Why am I here? and
Where am I going
after this life?
..A Parent's role
0-5 = Director
- Controls all
5-8 = Manager
- Arranges things
8-14 = Guide Coach
- Shows how
14-19 = Advisor
- Offers suggestions
19+ = Consultant
Responds to requests
"One man awake, awakens another.
his next door brother.
The three awake can rouse a town,
the whole place
The many awake can make such a fuss,
awakens the rest of us.
One man up with dawn in his eyes,
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