When it comes to financial matters one must not only think of a way of meeting their current financial needs but also look forth to the future. The quiz below is specifically designed to test out if you are practicing positive vibes when it comes to your money. Give it a shot and get to review what we learnt on savings, investments and financial calculators. All the best of luck!
True
False
True
False
True
False
True
False
Making more money and discipline
Pride and greed
Contentment and emotion
Contentment and earning more money
Wealth building
Emergency fund
Purchases
All of the above
Saving must become a priority
You will save when you make more money
You must pay yourself first
All of the above
Saving and paying cash
Buying with credit but paying it off in full before the interest comes due
Buying with credit, getting a low interest rate, and sinking further into debt
90 days same-as-cash
The interest rate doesn't matter as long as you leave it alone for 40 years
It is foolish to only make a one-time investment
The annual interest rate does matter when making a one time investment
All of the above
People spend more money when they pay with cash.
Using a credit card is safer than carrying cash around.
When you pay with cash, you can almost always negotiate a better deal.
When you pay with cash, it is hard to negotiate a deal because you didn't use their credit.
Pay off the rest of your mortgage
Finish paying off the last credit card
Invest 15% of your income into Roth IRA's and pre-tax retirement plans
Work on both a and b at the same time.
$275.00 a month into savings
$300 a month into savings
$400 a month into savings
$416.55 a month into a savings
115% of your household income
3-6 months of expenses
You should not have an emergency fund until all debt is paid
$500 or $1000, depending on your current income.
$1,120
$1,240
$1,254.40
$1,300
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Here's an interesting quiz for you.