Money & Life contributors draw on their diverse range of experience to present you with insights and guidance that will help you manage your financial wellbeing, achieve your lifestyle goals and plan for your financial future.
When it comes to understanding important financial concepts, have you got your head around it all? Take our quiz to see if you’re a money master and plug any gaps in your knowledge.
Budgeting
Why is it a good idea to set yourself a budget and aim to stick to it?
Correct!
Wrong!
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Saving
How much should you have saved in your emergency fund?
Correct!
Wrong!
-
Credit Cards
How can you make sure you pay less interest on your credit card?
Correct!
Wrong!
-
Insurance
When are you most likely to need a life insurance policy?
Correct!
Wrong!
-
Super
At what age should you start saving for retirement?
Correct!
Wrong!
-
Inflation
If the cost of living is expected to double in the next 12 years, and your net salary doubles too, will you be able to buy more with your money, less or the same?
Correct!
Wrong!
-
Interest
You’ve put $100 in the bank and you’re being paid compound interest at the end of each year.
Will you earn more or less interest in year 2 compared with year 1?
Correct!
Wrong!
-
Investing
When you’re investing money, is it safer to put all your money into:
Whether you’re confident in your financial knowledge or still have a lot to learn, a CERTIFIED FINANCIAL PLANNER® professional can guide you towards positive and well-informed decisions for your finances and future.
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When it comes to understanding important financial concepts, have you got your head around it all? Take our quiz to see if you’re a money master and plug any gaps in your knowledge.
Budgeting
Why is it a good idea to set yourself a budget and aim to stick to it?
Correct!
Wrong!
-
Saving
How much should you have saved in your emergency fund?
Correct!
Wrong!
-
Credit Cards
How can you make sure you pay less interest on your credit card?
Correct!
Wrong!
-
Insurance
When are you most likely to need a life insurance policy?
Correct!
Wrong!
-
Super
At what age should you start saving for retirement?
Correct!
Wrong!
-
Inflation
If the cost of living is expected to double in the next 12 years, and your net salary doubles too, will you be able to buy more with your money, less or the same?
Correct!
Wrong!
-
Interest
You’ve put $100 in the bank and you’re being paid compound interest at the end of each year.
Will you earn more or less interest in year 2 compared with year 1?
Correct!
Wrong!
-
Investing
When you’re investing money, is it safer to put all your money into:
Whether you’re confident in your financial knowledge or still have a lot to learn, a CERTIFIED FINANCIAL PLANNER® professional can guide you towards positive and well-informed decisions for your finances and future.