What grade do you give your personal finance skills?

Debt: Credit, credit cards, mortgages, auto, etc. -
B+ - I only have a mortgage.

Budgeting
B- - Sometimes higher but November and December, both the wife and I seem to blow up our budget.

Long-term financial planning
A - Maxed out everything I can, 401K, Roth, 529, etc.

Risk / Insurance
A - Insured 10x my income with a term life policy. When it expires in 27 years I will be self insured.

Investments: 401k, 403b, stock portfolio

See Long term planning

Real Estate
D - Primary Mortgage is okay. I took a hit on an investment property and had to short sale a couple years ago.

Overall - C+ I made a major mistake with zeros on the end of it, but I learned.

Mind you I am a college student so this probably doesn't mean shite

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Debt:

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Have none

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Budgeting

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i'm pretty bad at this. I generally think hard about what I am buying before I do, but hardly ever put it on paper

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Long-term financial planning

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I'm working hard on my education

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Risk / Insurance

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not applicable

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Investments: 401k, 403b, stock portfolio

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I have a good chunk in index funds. A lot from birthday money, ect, but some from my earned money

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Real Estate

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not applicable

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Debt

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A - I'm not afraid to use debt correctly, in the right circumstance it is smarter than paying cash. But I'm very careful not to misuse it and always read the fine print.

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Budgeting

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C - I'm pretty bad at this but fortunately have enough surplus income that it doesn't matter. Basically I just don't spend a huge amount on "stuff" but don't really have a budget beyond making sure my 401 and Roth get stuffed each year.

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Long-term financial planning

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B - I think about it sometimes but again I have enough extra income that I'm not all that worried.

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Risk / Insurance

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B+ - I have an umbrella and enough LTD to take care of things, plus the other usual stuff.

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Investments: 401k, 403b, stock portfolio

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A - I used to help manage portfolios for a living. I actually read the fund prospectus, for example, to make sure what I'm getting is what the name of the fund would imply.

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Real Estate

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D - Don't really know much here.

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Debt: Credit, credit cards, mortgages, auto, etc.
Budgeting
Long-term financial planning
Risk / Insurance
Investments: 401k, 403b, stock portfolio
Real Estate
etc

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A

It also helps to be married to a summa cum laude Accounting/Finance type though.

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Debt

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- B+ - I have absolutely zero debt. This may seem odd to have this category as a B with no debt, but I feel I'm a little too anti-debt to warrant an A. I need to learn to be more comfortable with a manageable amount of debt.

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Budgeting

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- B - My problem here is consistency. Over an annual period I probably spend about the same amount, but it varies wildly month to month and even week to week. I'll go through a couple weeks in a row or even a month or two where I spend next to nothing, just food and drinks. Then I'll have a week where I randomly decide to buy a new TV, fly to see a friend, get a new suit, etc. I can do it right now cause I make a substantial amount more than I need, but if I ever get to where I need to live month to month off basically what I make it will require more discipline on my part.

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Long-term financial planning

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- C+ - I could be better about maxing out my IRA and 401K. I do contribute to what the max my company will match, but I rarely max-out my IRA.

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Risk / Insurance

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- B - I've a 6 month emergency fund that I've never touched before. I bare minimum health insurance but only because I'm 25 and don't know the last time I was ever sick. My investing is pretty well-rounded to minimize risk and I do next to no day-trading, 1 year min hold for most of my stocks.

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Investments

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- A+ - I contribute a substantial amount of my paycheck (over 50% usually) to a group of Index Funds on a cost-average basis. I plan on not touching these for a long time.

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Real Estate

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- F - I have absolutely none at the moment. Looking into purchasing some land for development in the Caribbean soon to build a vacation house on that I'll also use for rental purposes.

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This may seem odd to have this category as a B with no debt, but I feel I'm a little too anti-debt to warrant an A. I need to learn to be more comfortable with a manageable amount of debt.

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IMHO that is a good rating then and you understand why. Not many do.

The Dave Ramsey/no debt crowd should get a B- at best. Not bad at all but what gets people into trouble isn't the debt, it's the spending on unproductive assets.

26. My wife has a small policy through her teaching job and my job provides a small one as well. We have no debt and both sets of parents are well off and could provide support if something tragic happened. I just don't see it as a priority right now.

I pay cash and no CC debt. 2.6% mortgage or else I would pay it off. B +

Learn something new about finance everyday B-

My Christmas reading list: 4 books on Buffett; Fools Gold about corruption at JP Morgan; Bogle's Common Sense on Mutual Funds; and A Random Walk

Debt B
Budgeting C
Long-term financial planning A
Risk/Insurance A
Investments B+
Real Estate B-
Net worth for age A

Debt B
Budgeting C
Long-term financial planning A
Risk/Insurance A
Investments B
Real Estate A
Net worth for age A+

I think I've done pretty well. Made some pretty smart (mostly dumb luck) moves on real estate and stocks. I have a hard time budgeting though. The only way I can manage money is if I put it somewhere I can't touch it. My goal for 2013 was to put atleast $50,000 cash to the side and I've done that. But I just put a bid in on some land I can't pass up.