Free Money Check-Up

Jan 21, 2013 by

MyMoneyCheckUp logo

It’s free!

As the new year began, you probably resolved to turn over a few new leaves. Since you’re cruising personal finance blogs, maybe one of your resolutions has to do with improving your finances. (Or maybe you enjoy reading advertisements camouflaged as informative articles! 🙂 ) A good way to get started would be a comprehensive evaluation of your money situation done by an unbiased third party with some impressive credentials, don’t you think? And if that evaluation were free, well how could you say no? Get ready to say ‘yes’ then, because all you need is an email address and about fifteen minutes to take advantage of the National Foundation for Credit Counseling’s new MyMoneyCheckUp™ tool.

National Foundation for Credit Counseling

The National Foundation for Credit Counseling (NFCC) represents the “good guys,” take my word for it. (Of course I’m biased: I worked for a time as a certified credit counselor at one of the NFCC’s member agencies!) The debt management industry is full of scammers who charge big fees and promise quick, easy fixes like credit “repair” or short-term (and very high interest) loans or high cost debt settlement you can readily do yourself. In contrast, the NFCC—the largest financial counselling organization in the U.S., founded in 1951—comprises 90 nonprofit credit counseling agencies with 700 offices throughout the U.S. and Puerto Rico.

From the NFCC’s website:

NFCC Members, often known as Consumer Credit Counseling Service (CCCS) or by other names, represent accredited agencies with high standards, ethical practices, certified counselors, and policies which help consumers achieve financial stability. In 2011, more than 3 million consumers received financial counseling and education from NFCC Member Agencies in person, over the phone, or online.

NFCC Member Agencies provide a variety of services including:

  • Budget counseling and education;
  • Debt management plans;
  • Counseling referral services;
  • Financial literacy courses;
  • Bankruptcy counseling and education;
  • Housing counseling; and

Additionally, one-third of our members are multi-service agencies specializing in community-based social service programs such as youth mentoring, foster care, and substance abuse programs.

MyMoneyCheckUp™

Access the NFCC’s MyMoneyCheckUp “self-assessment tool” through a button on the homepage of the Foundation’s website, or click right here. You have to first create an account by providing an email address and password. Then you’re off and self-assessing.

The smoothly running tool works like an interview: MyMoneyCheckUp asks questions, and you give answers. No essays! Most of the answers are multiple choice, checkbox type responses, so it’s pretty quick. Some questions ask for a numerical answer. The questions cover five major areas:

  • Budgeting
  • Borrowing
  • Savings
  • Home (rent or own, mortgage or free & clear)
  • Retirement

When you’re done, MyMoneyCheckUp produces feedback. I worked through the tool and gave answers I thought representative of a typical American. Here’s the feedback I got:

 CheckUp Results

CheckUp Results

CheckUp Results

I’d characterize the feedback as sketchy, but that’s to be expected from an automated tool. I didn’t explore them, but as you may have noted the results include lots of links (not functional in the screenshots above) to resources where you can learn more. To me the primary value of MyMoneyCheckUp’s results is the identification of key areas where you may need to devote your energy and make changes.

What to Do With MyMoneyCheckUp™ Results

You may have have lots of questions about how to follow-up on your CheckUp results. My suggestion is to read carefully your results, including the links to additional resources. Write down your questions and ideas as you go along. Then, like the feedback suggests, make an appointment with a credit counselor at a nonprofit agency. Take your CheckUp results and your notes to your appointment.

During your appointment you’ll have the opportunity to “flesh out” the CheckUp results and create, with the counselor’s help, a real action plan.

You can find an agency near you through the NFCC’s online directory or phone 1-800-388-2227. Generally appointments with counselors at a nonprofit agency are free.

What Do You Think?

Does the MyMoneyCheckUp tool look useful, at least as a starting point to improving your finances? What reservations would you have about meeting with a credit counselor, assuming the session were free?

Disclosure: Money Counselor received no compensation for this article.

Digiprove sealCopyright secured by Digiprove © 2013 Kurt Fischer
  • FrugalPortland

    I’m excited to try the new tool!

  • Moez Mekni

    Hello I wish you are fine .I d like to know friendly if you can provide me with a money donation to make me start project You can offer to me 10,000$ .I d be too grateful .thx a lot waiting for your answer

    Name Moez Mekni

    IBAN TN 59 1040 0008 5172 4677 8856

    Swift code STBKTNTT

    Bank name Tunisian society of bank

    thank you for your generosity

    • Excellent Moez! I was just looking for a great cause to which I can donate $10,000. I’d love to “make” you start a project! I’m sure many of Money Counselor’s readers will be pleased also to send you $10,000. We all typically give away thousands to anyone who asks and provides bank account information. Please let me know when my $10,000 has arrived, and keep Money Counselor’s readers informed of the progress of your project. Best of luck!

      • Moez Mekni

        Hello and thank you very much.It’s really a great pleasure to rely on you . Here are my personal details
        Name Moez Mekni
        IBAN TN 59 1040 0008 5172 4677 8856
        Swift code STBKTNTT
        Please let me know if you send me the money
        Thank you very much and stay blessed
        Yours Moez Mekni

        2015-12-27 18:00 GMT+01:00 Disqus :

        • Moez, I think you’ll get many more Money Counselor readers sending you $10,000 if you described your project. Please consider doing that.

          • Moez Mekni

            Hello and thank you very much for you.It’s a great pleasure to give you details of my project .It consists of buying 2 appartments and equipy them as 10offices which will be rented to lawyers doctors societies and all companies interested in services.There’s a great luck of offices in my town .I need also to buy a car to help me move to these appartments and contatct persons who will exploit the offices.

            I need 100,000 $ to buy the appartments and 20,000$ in order to buy the car .
            I thank you very much for all the patience you give to my project that I wish make greater if every thing is gonna be alright.
            address email mooezmekni@gmail.com
            waiting for your answer

            2015-12-28 3:36 GMT+01:00 Disqus :

          • Moez Mekni

            It will be a great pleasure to read your answer.

            2015-12-29 0:12 GMT+01:00 Mooez Mekni :

          • Moez Mekni

            Hello It was a great pleasure to read your meassage.Please how can you help me ?
            it will be a great pleasure to rely on you.
            please send me an answer.

            2015-12-29 16:15 GMT+01:00 Mooez Mekni :

          • Moez Mekni

            hello and happy new year to your team.
            Please how can you let me start my project.
            it’s essentially a problem of funding of money for me.
            Thank you for your answer.

            2015-12-30 11:02 GMT+01:00 Mooez Mekni :

          • Moez Mekni

            Hello I wish you are fine .I d like to know friendly if you can provide me with a money donation to make me start my successful project I need the amount of 100,000$ .I d be too grateful if you make me this donation that will be so fantastic .thx a lot waiting for your answer
            Name Moez Mekni
            IBAN TN 59 1040 0008 5172 4677 8856
            Swift code STBKTNTT
            Bank name Tunisian society of bank
            thank you for your generosity

            2016-01-03 21:07 GMT+01:00 Mooez Mekni :

          • Moez Mekni

            Hello I wish you are fine .I d like to know friendly if you can provide me with a money donation to make me start my successful project I need the amount of 100,000$ .I d be too grateful if you make me this donation that will be so fantastic .thx a lot waiting for your answer
            Name Moez Mekni
            IBAN TN 59 1040 0008 5172 4677 8856
            Swift code STBKTNTT
            Bank name Tunisian society of bank
            thank you for your generosity
            PLEASE LET MY DREAM COME TRUE
            PLEASE LET MY DREAM COME TRUE
            PLEASE LET MY DREAM COME TRUE

            2016-01-08 1:59 GMT+01:00 Mooez Mekni :

          • Moez Mekni

            Hello I wish you are fine .I d like to know friendly if you can provide me with a money donation to make me start my successful project I need the amount of 100,000$ .I d be too grateful if you make me this donation that will be so fantastic .thx a lot waiting for your answer
            Name Moez Mekni
            IBAN TN 59 1040 0008 5172 4677 8856
            Swift code STBKTNTT
            Bank name Tunisian society of bank
            thank you for your generosity
            PLEASE LET MY DREAM COME TRUE
            PLEASE LET MY DREAM COME TRUE
            PLEASE LET MY DREAM COME TRUE

            2016-01-10 23:57 GMT+01:00 Mooez Mekni :

          • Moez Mekni

            Hello I wish you are fine .I d like to know friendly if you can provide me with a money donation to make me start my successful project I need 100,000$ .I d be too grateful if you make me this donation that will be so fantastic .thx a lot waiting for your answer
            Name Moez Mekni
            IBAN TN 59 1040 0008 5172 4677 8856
            Swift code STBKTNTT
            Bank name Tunisian society of bank
            thank you for your generosity
            PLEASE LET MY DREAM COME TRUE
            PLEASE LET MY DREAM COME TRUE
            PLEASE LET MY DREAM COME TRUE

            2016-01-16 23:44 GMT+01:00 Mooez Mekni :

          • Moez Mekni

            Hello I wish you are fine .I d like to know friendly if you can provide me with a money donation to make me start project You can offer to me 100,000$ .I d be too grateful if you make me win that will be so fantastic .thx a lot waiting for your answer
            Name Moez Mekni
            IBAN TN 59 1040 0008 5172 4677 8856
            Swift code STBKTNTT
            Bank name Tunisian society of bank
            thank you for your generosity
            ——————
            PLEASE LET MY DREAM COME TRUE IN 2016
            PLEASE LET IT COME TRUE
            PLEASE LET IT COME TRUE

            2016-01-18 23:22 GMT+01:00 Mooez Mekni :

  • Moez Mekni

    I wish get my project started.

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