• What’s Your Financial IQ?

What’s Your Financial IQ?

Personal finances can be tricky, especially when you’re trying to navigate things like 401(k)s, credit card interest or, you know, where to spend your money in general. That’s why we’re here to help sort things out. Take the quiz below to see where you stand.

It’s time to pay your monthly bills. You...

  • Pay Them Off Immediately.

  • Chip away at each with every paycheck.

  • Wait, how much do I owe?

Twenty20

Speaking of bills, have you ever missed a payment?

  • That’s a joke, right?

  • Can we skip this question?

  • OK, maybe once or twice.

Twenty20

Quick, what’s your credit score?

  • 660 to 700

  • Pretty good. 700+

  • Not sure.

Twenty20

Life happened. And now you’re stuck with a hefty, unexpected bill. You...

  • Lean on your parents for help.

  • Tap into your personal savings. (Phew, what a lifesaver!)

  • You’ll figure it out, we guess.

Stocksy

Huzzah! You have some extra cash flow. You spend it on...

  • Extra cash flow?

  • A coffee and croissant from Starbucks.

  • That Mansur Gavriel bag you’ve been eyeing.

Timur Emek/Getty Images

On average, how much money do you save each month?

  • A designated amount is automatically deposited into my savings account.

  • Hmm... Let me get back to you on that.

  • $50 here. $50 there.

Twenty20

How much of your income is spent on “fun” things?

  • I don’t really keep track of those things.

  • About 15 percent, but I aim for less.

  • Honestly, you don’t want to know.

Twenty20

Do you have a 401(k)?

  • Nah, not yet.

  • Since the tender age of 25.

  • You mean in addition to my IRA?

Twenty20

©2010-2021 Wow Media Products, Inc doing business as PureWow. All rights reserved.
Subscribe