Financial Literacy 101

People's income depends on their education, career choices, economic conditions and the investments they make.

• True

• False

Fixed expenses are more important than variable expenses when tracking the amount of money you spend

• True

• False

Being in budget means you pay your bills are generally paid by every due date

• True

• False

When you make a purchase with a credit card, you are borrowing from the bank.

• True

• False

You have to be rich to save and invest.

• True

• False