|Wednesday, May 22, 2013|
What's Your Financial Fitness Score?
Most Americans need a wake-up call when it comes to personal finances. Are you one of the happy exceptions?
How bad is bad?Study after study shows that many consumers lack an understanding of basic financial skills:
Why should we care?
Without a good handle on personal finances, we make poor spending decisions, max out several credit cards, don't save for emergencies, can't balance our share draft/checking accounts, don't check our credit reports for errors, pay higher interest rates, become more likely to have our identities stolen, get defrauded by unscrupulous auto dealers and Web crooks, make poor investment choices, and underestimate our financial needs in retirement.
What's your score?
Our online financial literacy quiz is based on the quiz used for National Consumer Protection Week a few years ago. We will tally quiz responses in the aggregate (that means we can't pin any answers to any individual) and use them only for the purpose of writing more articles about financial literacy in general.
Join thousands of others taking the quiz. It will help you figure out what you know and what you don't know. It might be the reassurance that you're on track, or it just may be that wake-up call you've needed to take the first step toward improving your financial future.
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