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Are You Financially Fit?

See how your financial smarts stack up.

1 / 15

What is the 50/30/20 Rule?

2 / 15

How much do financial experts generally recommend that you keep in an emergency savings fund?

3 / 15

When it comes to principal and interest rates, compound interest always results in a higher total amount than simple interest.


4 / 15

The Rule of 72 is_______.

5 / 15

What is the maximum percentage that financial experts recommend you use of your total credit card limit?

Card Bill

6 / 15

What's the largest contributing factor to your credit score?

7 / 15

Which of the following is true?

8 / 15

Which of the following is NOT a good strategy for credit card debt repayment?

9 / 15

What is the difference between an insurance premium and a deductible?

10 / 15

What is the difference between a High Yield Savings Account (HYSA) and a regular savings account?

11 / 15

In which situation would a borrower have to pay private mortgage insurance on top of their traditional home insurance?

12 / 15

What is the difference between a stock and a bond?

13 / 15

What is an Individual Retirement Account (IRA)?

14 / 15

What is the recommended amount that wealth management firms say you should have saved for retirement by the time you turn 30?

15 / 15

What determines the amount of taxes someone pays?

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