I don’t know why I put “fun” in there since aren’t ALL money quizzes inherently fun?, however I did really enjoy the few minutes testing out my skills with this one ;)
And even more so that I got my score without having to enter my email in the end!!
I’m not sure how active this site is anymore as it was in my notes circa 2016 (found it when I cleared over 300 draft emails over December break!), but I do know the quiz at least still works.
Here it is if you want to play along –> DollarsEd.com/quiz
And then here’s a sampling of a few of the questions:
- What is the main purpose of a credit score?
- If you don’t want to pay interest on your credit card, how much do you need to pay at the end of each month?
- Does looking at the past performance of a mutual fund give you a good idea of how it will perform in the future?
- What is the benefit that all tax-deferred retirement accounts (like 401ks or IRAs) have?
- Which of these tax deductions can you not take if you are choosing the standard deduction?
- What is the most important type of car insurance to have?
- If you have family members who rely on your income, which type of insurance should you probably buy?
Test it out and see what you get! I bet you’ll know a lot of these, but there’s def. a few tricky ones thrown in for good measure…
And apparently the more you get right the more questions they serve up, so if you answer more than 16 of them then you’re already smarter than me ;) I got 13 out of 16 questions right.
Here’s the link again to it: DollarsEd.com/quiz
If you find this one’s too easy, try your hand at these previous quizzes we’ve featured before! Which are more about how you’re doing *personally* with your finances vs facts and general knowledge.
The more you’re aware, the better! 👍
Jay loves talking about money, collecting coins, blasting hip-hop, and hanging out with his three beautiful boys. You can check out all of his online projects at jmoney.biz. Thanks for reading the blog!
{ 20 comments… read them below or add one }
Ok went back thru and took them:
1-11 (will have to figure out why I messed up. Probably the websites fault …. )
2-Late Bloomer (yes well… mhmmm)
3-The Boss (finally somebody recognizes my innate ability to tell people what to do :| )
Alright J, got any harder tests so I can finish my coffee with?
Haha nice!! You must be really bored over there! :)
A moment of silence for the man who made this possible for all of us. “The fees charged by brokerages, fund companies and advisers were sapping the returns of millions of hard-working people who were trying to save for retirement. Reduce the fees and give the money to the people who need it.”
Ugh, I just heard :( What a legacy Jack left for all of us!
Woohoo!! 14 out of 17. I could boast that I got 14 right, or recognize the fact that I still got 3 wrong.
I think you should focus on how you beat me and need to start your own $$$ blog now :)
I got 12-15 which is weird because it looks like we all got a different amount of questions asked. Anyway considering my husband does all the investing I feel pretty good that I knew as much as I did!
Totally! Well done!
16 out of 18 right :)
(Smarty Pants)
Ha! I got 11/15 purely by guessing since I am Canadian and the quiz is geared for Americans. Sadly I don’t many of the RRSP rules.
And sadly you’d beat a majority of Americans, haha….
I got 14 out of 17 but I have no idea the ones I failed. I wish it provided answers in real time about the ones I got wrong.
Yeah, that’s the only part that sucks… forgot to mention that in the post, sorry.
I got 15 out of 18 questions right.
I wasn’t sure of the intent of some of the questions – for instance, one said if I don’t invest money will that money be worth less, the same, or more in the future. Well, if I keep $10, it will still be $10 in the future, but it’s purchasing power will (probably) be less.
Oh, and I do think it’s possible to know what the stock price will be in the future… You just have to wait for that future moment to become the present :)
Heyo! Haha…
I went with the same conclusion on the “worth less/more/same” one… I assumed the money would be worth less over time due to inflation, but since they don’t tell you which you got wrong I’m not confident it was the right answer?
15-15.. I surprised myself
** slow clap **
Made it to 14 out of 18. Fun quiz and some questions that I had to really think about…not sure if those were the ones I got wrong!
Excellent score regardless :)