Stay Informed!

By Stephanie Halligan on 01/26/2012 @ 09:30 AM

Tags: Economic Inclusion, Financial Empowerment

Financial Security Index helps individuals determine how to improve household financial management

The Center for Financial Security (CFS) at the University of Wisconsin-Madison recently launched its Financial Security Index, which uses a self-reporting survey to measure a person’s relative financial security. Users are asked a series of questions across three categories: knowledge, behavior and attitudes.

The Index is designed to help respondents identify their financial management strengths, along with areas where they may be able to improve. Respondents receive an individualized score and can see how their score breaks down across the three categories. Respondents can also enter some personal information (no personally identifiable information is collected) to see how their scores compare to others like them and revisit the tool to compare scores overtime.

The Index is a quick, concise way for individuals to get a “snap-shot” of their financial health and knowledge. This tool could also serve as a simple baseline assessment for participants in programs that need to track an individual’s financial security and financial capability.

Go ahead and take the quiz yourself! Are you financially secure?

For more information on the Index and other money tools, visit the University of Wisconsin-Madison Your Money website.

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