Start Your Financial Literacy Journey
By taking the Financial Literacy Quiz, you’re not just uncovering your financial potential—you’re contributing to the groundbreaking Financial Literacy Index, a powerful resource that exposes the state of financial knowledge and empowers us to transform it.
Take a few minutes to discover your level of literacy...
3 Reasons to Take the Quiz
It takes less than 15 minutes.
The Quiz is comprised of 25 questions, which represent five categories of financial knowledge which make up your Quiz score.
You get a complete assessment.
At the end, you'll immediately receive an assessment with charts and data showing you how you did with helpful comparison data.
Your answers help our research.
Each time a participant takes the Quiz, our research data grows, increasing our demographic insights and findings of our The Index.
Question 1
What is a budget?
A
A plan for spending money over a specific period.
B
A record of past spending.
C
A plan for saving money.
D
A record of income.
Keep learning, Sara. You’re a financial starter.
Score: 72
You did better than 81% of the people who have taken the quiz in the last 12 months. You received 4 points for each correct answer. A passing score is 70.
Review correct and incorrect answers
Improve your literacy with custom learning modules
See explanations for each question and answer
Demographics data kept completely anonymous
Compare your score to people like you
Contribute your demographic data to our research
View your strength and weakness chart
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Before we show your results, tell us a little about yourself.
Your demographic data is submitted anonymously. It’s used in your quiz results and our research.
Your Complete Quiz Results
Good job, Sara. You’re a Financial Starter.
Use your results as a springboard to increase your financial education and achieve your goals.
Score 40
19 out of 25
Questions answered correctly
You did better than 81% of the people who have taken the quiz in the last 12 months. You received 4 points for each correct answer. A passing score is 70.
Explore Your Answers
Question 1
of 25
All Questions
Correct
Incorrect
Question 1
incorrect
What is a budget?
Correct Answer
Your Answer
A
A plan for spending money over a specific period.
B
A plan for spending money over a specific period.
C
A plan for spending money over a specific period.
D
A plan for spending money over a specific period.
Explanation
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Visualize Your Strengths and Weaknesses
Each of the 5 points of the pentagon represent the 5 categories of questions you were asked during The Quiz. For each category, you get a point (or dot) for each of the 5 questions you answer correctly. The resulting shape reveals your strength and weakness areas.
Managing Money
5/5 questions answered correctly
You’ve demonstrated strong money management skills, including how to budget effectively, track expenses, and prioritize savings. You clearly understand the value of paying yourself first, using strategies like the 50/30/20 rule, building emergency and sinking funds, and distinguishing between types of income. These habits—along with the help of a financial professional—provide a solid foundation for financial stability and informed daily decision-making.
Foundational Concepts
4/5 questions answered correctly
You’re familiar with some foundational topics, but there’s room to reinforce your knowledge in areas like the power of compound interest, the time value of money, the Rule of 72, and seeking appropriate guidance from a financial professional. Understanding how to prioritize goals, evaluate risk, and take advantage of online tools and financial workshops can help you make more confident and structured financial decisions.
Protection & Risk
4/5 questions answered correctly
You have a general awareness of financial protection concepts, but there’s room to deepen your knowledge. Key topics like how different life insurance types function, how to safeguard against becoming a victim of fraud, and how credit metrics like your debt-to-income ratio impact your financial reliability could use more attention. Strengthening your understanding in these areas will help you make more secure and confident financial decisions.
Wealth Building
3/5 questions answered correctly
You’ve demonstrated a basic understanding of key wealth-building concepts, but there’s room to grow. Deepening your knowledge of retirement accounts, investment strategies, and tax-efficient saving can strengthen your long-term financial plan. Gaining more clarity on how different financial products and services support specific goals will help you make more informed and confident decisions. Your fiancial professional can help you level up your financial education in these areas.
Financial Systems
2/5 questions answered correctly
Your results suggest that financial systems may be an area that needs more focused learning. Understanding how inflation, interest rates, taxes, and government programs affect your money—as well as how financial markets and innovations like fintech and blockchain work—is key to making smart decisions in today’s financial world. Building knowledge in this area with the guidance of a fianncial professional can help you feel more confident navigating both the big-picture economy and your personal finances.
To fully assess your financial literacy strengths and weaknesses, consult a Certified Financial Educator (CFEd).
To learn more about financial products and services that can benefit you, work with a financial professional.
Discover Your Demographic Comparisons
From 0 to 100 points, see how your score measures up to the average score of others within your various cohorts.
Your Score
72
Age
:
45-54 Year Olds
72
Gender
:
Male
72
Ethnicity
:
White
72
Education
:
Undergraduate Degree
72
Marital
:
Married
72
Income
:
$100,000-$149.999
72
Employment
:
Full-Time
72
Zip Code
:
North East
72
Financial Goals
:
Set Myself Up for Retirement
72
Improve Your Financial Literacy
Based on your answers, the following learning modules are recommended to help you improve your knowledge of how money works.
Education & Guidance
Discover The Rule of 72
You have a solid foundational knowledge about growing financial assets through investments and strategic planning.
Education & Guidance
Discover The Rule of 72
You have a solid foundational knowledge about growing financial assets through investments and strategic planning.
Education & Guidance
You have a solid foundational knowledge about growing financial assets through investments and strategic planning.
Education & Guidance
Discover The Rule of 72
You have a solid foundational knowledge about growing financial assets through investments and strategic planning.
Education & Guidance
Discover The Rule of 72
You have a solid foundational knowledge about growing financial assets through investments and strategic planning.
Education & Guidance
Discover The Rule of 72
You have a solid foundational knowledge about growing financial assets through investments and strategic planning.
