What’s your financial literacy grade?

Two of five respondents graded themselves C, D or F on the 2011 Financial Literacy Survey, conducted by Harris Interactive Inc. last month on behalf of the National Foundation for Credit Counseling. More than 25% of the 1,010 adult respondents reached by phone also reported that they are spending more than they were a year ago and more than half said that they don’t keep a budget or track their expenditures.

Lynne’s comment: “Knowing what you spend is the first step toward understanding your financial situation. It’s as important to your financial health as knowing your cholesterol or blood pressure is for your physical health.”

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