Could You Benefit From Financial Coaching? Trivia Quiz

8 Questions | Total Attempts: 3003

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Coaching Quizzes & Trivia

Are a financial genius? Do you have the knowledge required to create a secure financial future or could you benefit from financial coaching? Take the following quiz to find out if you could benefit from the advice of a financial coach or if you already know all there is to know!


Questions and Answers
  • 1. 
    When considering purchasing a new home, or renting a new apartment, what percentage of your income should the monthly payment not exceed?
    • A. 

      40%

    • B. 

      75%

    • C. 

      50%

    • D. 

      60%

  • 2. 
    In case of legal action against you, do you have an attorney on retainer or $1,500 put aside to retain an attorney?
    • A. 

      Yes

    • B. 

      No

  • 3. 
    How much of your income should be set aside in case of an emergency or for large future purchases?
    • A. 

      5%

    • B. 

      10%

    • C. 

      15%

    • D. 

      20%

  • 4. 
    What is your current credit score?
    • A. 

      760 or higher

    • B. 

      660 to 759

    • C. 

      620 to 659

    • D. 

      619 or lower

    • E. 

      Don't know

  • 5. 
    If you do not pay your credit card minimum balance every month, what happens?
    • A. 

      A $35 charge is incurred

    • B. 

      The interest rate increases to above 25%

    • C. 

      Interest is accrued daily

    • D. 

      The line of credit is suspended

    • E. 

      All of these

    • F. 

      None of these

  • 6. 
    You are not eligible for a new line of credit for at least 7 years after filing a bankruptcy.
    • A. 

      True

    • B. 

      False

  • 7. 
    Which amounts can you begin investing with? (Check all that apply)
    • A. 

      $10

    • B. 

      $100

    • C. 

      $500

    • D. 

      $1,000

    • E. 

      $5,000

  • 8. 
    For the past 7 years, have you kept all the records (including receipts) required in case you are audited by the IRS for your taxes?
    • A. 

      Yes

    • B. 

      No

    • C. 

      Don't know