Financial Satisfaction Survey

Financial Satisfaction Survey User's Guide

The Financial Satisfaction Survey makes you aware of 20 different factors that contribute to your overall financial satisfaction. When you are feeling dissatisfied with one or a number of these factors, you will feel a nagging dissatisfaction with your overall financial life. No matter how mild or severe it may be, this nagging feeling can have a negative impact on your work, your friendships and even your family life.

The good news is that you can improve your overall financial satisfaction by developing a plan to improve those factors you are less satisfied with. The key is to identify how satisfied you are with each of the 20 factors. Then determine what is contributing to your satisfaction with factors that you rate highly.  Armed with this information, you can develop plans to improve your satisfaction with the factors you rated low.

As this tool points out, satisfaction is both rational and emotional. For example, you can rationally understand that the 3 months of living expenses you are holding in your savings account will carry you through most emergency situations. However, if you lie awake at night worried that you will be financially ruined if you became disabled for 6 months, then you are not emotionally satisfied. So, as you complete this tool, try to be aware of how you feel about each question and respond accordingly.

Here are some tips to help you think about your responses to the Financial Satisfaction Survey:

Start by thinking about your overall experience as you were completing this tool:

  • Did you become aware of any factors in your financial life you hadn't thought of before?
  • Were you surprised by any of your responses?

Now look at the factors you rated as 4 or 5:

  • What is contributing to your satisfaction with each of these factors?
  • What can you learn about your satisfaction that will help you develop more satisfaction with the factors your rated lower?

Now look at the factors you rated 1 and 2:

  • What is contributing to your dissatisfaction with these factors?
  • Is there a common theme?
  • Thinking about what is contributing to your satisfaction with those factors you rated highly, can you think of specific actions you can take to improve your satisfaction with those factors you rated low?

The most common contributor to stress that causes lower productivity at work and strains on your important relationships is financial dissatisfaction. By carefully thinking through the Financial Satisfaction Survey, you can start to identify the source of your dissatisfaction and start to develop a plan for improvement.


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Financial Satisfaction Survey

 


Directions: The statements below will help you to think about and assess how satisfied you are with many aspects of your financial life. Indicate your level of satisfaction for each statement with stars.
(1 star = "Not Satisfied", 3 stars = "Moderately Satisfied", 5 stars = "Very Satisfied")

I am satisfied with...

1. ...with my ability to meet my financial obligations

2. ...with the income my current job or career provides me.

3. ...with my spending habits.

4. ...with the level of debt I carry.

5. ...with the “extras” that I am able to buy for myself and/or loved ones.

6. ...with the level and quality of insurance protection I currently have.

7. ...with the amount of money that I save and invest on a regular basis.

8. ...with my current investment choices.

9. ...that I am on track to build a sufficient retirement nest egg.

10. ...with the level of employee benefits I receive.

11. ...with my style of personal bookkeeping and financial record management.

12. ...with my ability to provide financial help to family members.

13. ...with my estate plan.

14. ...with my level of charitable giving.

15. ...with the level of financial education I have attained.

16. ...with how I respond emotionally to my personal finance issues.

17. ...with my ability to communicate about my financial matters.

18. ...with the feelings I have about my money life.

19. ...that financial issues do not cause stress or strain in the relationships that are important to me.

20. ...with the working relationships I have with my financial service providers (i.e., insurance agent, banker, broker, financial planner, accountant).


© 2002 - 2018 Money Quotient, Inc. All Rights Reserved. This document is available via licensing arrangements with Money Quotient and is protected by federal copyright law. No unauthorized copying, adaptation, distribution, or display is permitted - moneyquotient.org.

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Life Transition Survey

 


Directions: In each section, select the transitions that you are currently experiencing and those you are likely to experience in the future. In addition, check transitions in the short to mid-term and long-term columns that you either hope to experience or anticipate with concern.

Work Life Transitions

1. Change in career path:

2. New Job:

3. Promotion

4. Job loss

5. Job restructure

6. Education / retraining

7. Sell or close business

8. Transfer family business

9. Gain a business partner:

10. Lose a business partner:

11. Downshift / simplify work life

12. Sabbatical / leave of absence

13. Start or purchase a business

14. Retire:

15. Phase into retirement

16. Other


Financial Life Transitions

1. Purchase a home:

2. Sell a home:

3. Relocate:

4. Purchase a vacation home / timeshare:

5. Re-evaluate investment philosophy:

6. Experience investment gain:

7. Experience investment loss:

8. Debt concerns:

9. Consider investment opportunity:

10. Receive inheritance or financial windfall:

11. Sell assets:

12. Other:


Family Life Transitions

1. Change in marital status (marriage):

2. Change in marital status (divorce):

3. Change in marital status (widowhood):

4. Expecting or adopting a child:

5. Hire child care:

6. Child entering adolescence:

7. Child with special needs:

8. Child w/pre-college expenses:

9. Child going to college:

10. Child getting married:

11. Empty nest:

12. Family special event (Bat/Bar Mitzvah, anniversary party, trip):

13. Helping and/or gifting grandchildren

14. Concern about aging parent

15. Concern about health of spouse/partner or child:


Legacy Life Transitions

1. Increase charitable giving:

2. Give special financial gifts to children/grandchildren:

3. Give parental pension (monthly stipend):


© 2002 - 2018 Money Quotient, Inc. All Rights Reserved. This document is available via licensing arrangements with Money Quotient and is protected by federal copyright law. No unauthorized copying, adaptation, distribution, or display is permitted - moneyquotient.org.

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