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Basic Finance Quiz: Do You Know Enough About Finance?

Basic Finance Quiz

If you want to know where you’ll be in ten years, use this basic finance quiz to figure out if you’re a mansion or a dumpster kind of guy!

We live in a world where everything is getting more expensive and fewer people are able to do things that were once taken for granted, such as buy a house.

In order to get ahead and live a comfortable life you should have, at the very least, a basic understanding of finance.

Luckily for you we’ve made this quiz, so now you can figure out whether you have work to do or if you’re a smarty-pants already!

Let’s begin!

  • Question of

    Hooray! You just inherited a fortune from that aunt you never heard of! Do you…

    • Invest most of it
    • Buy a house
    • Buy a speedboat
    • Casino, here I come!
  • Question of

    You’ve gone and got yourself some hefty credit card debt. What do you do each month?

    • Pay off as much as I possibly can
    • Pay off more than the recommended amount
    • Pay off the recommended amount
    • They’ll never catch me!
  • Question of

    Are you putting aside money for retirement?

    • Yes, a lot and regularly
    • Yes, some
    • Not as much as I’d like
    • I have nothing
  • Question of

    You have $1000 in savings, and earn 2.5% annual interest. How much do you have after 5 years?

    • $1076.89
    • $1065.36
    • $1047.66
    • $1025.25
  • Question of

    Which of these is most important to you?

    • Saving for my future
    • My credit card rating
    • Getting out of debt
    • Partying!
  • Question of

    Your laptop is looking a little dated. You…

    • Wait until it’s completely bust. No point wasting money!
    • Wait until I save a little money for it
    • Get a new one and set up a payment plan I can afford
    • Get a new one ASAP even if I have to borrow for it
  • Question of

    Your friends invite you on a night out, but you’re low on money. What do you do?

    • Stay home. Got to be responsible!
    • Let them talk you into it, you can have fun without spending lots!
    • Go! Borrow some from a pal
    • Go! put it on your credit card!
  • Question of

    It’s taxes time. What do you do?

    • I do them! It’s easy
    • Struggle, but manage
    • Pay someone else to sort it out
    • Cry
  • Question of

    Do you set a monthly budget?

    • Always, and stick to it!
    • Always, though I often go over
    • Not usually, and when I do it’s very loose
    • What’s the point?
  • Question of

    Do you always pay your bills on time?

    • Sure do!
    • I’ve fallen behind once or twice
    • I’ve fallen behind quite a few times
    • Let’s not talk about that…

Written by Siddhesh Jain

My name is Siddhesh Jain, and I'm the fastest man alive (when it comes to learning, that is). I've been acquiring knowledge and learning new strategies for years, and I'm here to share my vast experience with you. What's my goal? Simple, I want to help every young entrepreneur succeed. Follow me on my journey!