re: What grade do you give your personal finance skills?

quote:

---

Debt

---

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.

quote:

---

Budgeting

---

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.

quote:

---

Long-term financial planning

---

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

quote:

---

Risk / Insurance

---

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

quote:

---

Investments: 401k, 403b, stock portfolio

---

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.

quote:

---

Real Estate

---

D - Don't really know much here.