How are you doing financially? There's a new free tool that can help you answer that question.

My Money Checkup is a new product of the National Foundation for Credit Counseling that can help you avert a financial disaster in your life. The idea is if you're not quite sure whether or not you're approaching a financial danger zone in your life, you can take this self-guided test and figure out if you're on the right path or not.

My Money Checkup asks a battery of questions about your accounts, budgeting, borrowing, and savings. Each question requires you to give specifics. The whole process takes about 10 minutes and the info it gives afterwards is really useful.

After your response to each question, you'll get either a green, yellow, or red light. If you get yellow or red, the system gives you suggestions of what can help and provides links to further educate you.

The suggestions the system offers are easy to do. If you're committed to change, the path they put you on is a great one. Just be sure to do this BEFORE there is a financial problem in your life, not after. Give this free money checkup tool a try today!

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Image of Clark Howard About the author: Clark Howard

Clark Howard is a consumer expert whose goal is to help you keep more of the money you make. His national radio show and website show you ways to save more, spend less and avoid getting ripped off. View More Articles

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