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Financial Literacy Quiz

Are you a money expert? Most of us are not experts in personal finances. We tend to have a mixed understanding of the dos and don’ts of how to best handle our money. We all develop bad habits. Maybe you don’t balance your check book regularly or perhaps you don’t know your credit score. The good news is that Apprisen has the facts you need to keep your personal finances healthy.

Where should you start? The best place to begin your journey towards financial wellbeing is by taking a short quiz that will help you determine where you need to focus your efforts. Answer true or false to the following questions and then click the Submit button found at the bottom of the page.

1. You don't need to have established financial goals to have an effective spending plan.

2. The only way to get your spending plan to balance is to increase income or reduce expenses.

3. Tracking your spending is a good way to find out where you are spending your money.

4. You are entitled to a free copy of your credit report from each of the credit bureaus annually.

5. The one thing that most affects your credit score is how much debt you have.

6. All debts will eventually fall off the credit report.

7. All debt is bad debt.

8. Power Pay is a method used to reduce debt.

9. If you have a debt ratio greater than 20%, you probably have too much debt.

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