Financial Values Quiz

What are financial values?

• The beliefs you have about what is important that guide how you spend, save, and invest.

• The ways you increase your net worth through spending, saving, and investing.

• The choice between earning more money and having a more satisfying life.

• The belief that spending, saving, and investing are the best way to lead a happy life.

What do you call the beliefs you have about what is important in life that guide how you spend, save, and invest?

• financial goals

• moral values

• educational values

• financial values

Why are financial values important?

• They make sure you stick to a budget.

• They help you make smart investment choices.

• They guide your financial decisions and behaviors.

• They allow you to be able to afford all the things you value.

What might happen if your financial behaviors DON'T align with your values?

• You might stick to your budget and meet all of your financial goals.

• You could end up overspending on the things that are most important to you.

• You might not know what you should spend your money on to best meet your goals.

• You may spend money on things that won't help you meet your goals.

Tasha's leading financial value is Adventure. What is she most likely to do with extra money if she gets a bonus at work?

• Save some of the money and invest the rest.

• Pay some for bills and the rest for a plane ticket.

• Buy a new set of living room furniture.

• Donate some to her favorite charity cause.

Soren inherited a bit of money from a relative. He put some of it in savings and put the rest in a savings account for his yearly mountain climbing trip. What value most likely influenced this choice?

• Security

• Community

Which of the following goals might someone have who values freedom?

• Buy a house so you don't have to give money to a landlord.

• Save up three to six months worth of salary for emergency expenses.

• Purchase and rent out houses so you can get passive income in retirement.

• Save money by selling your house and moving into an apartment.

Purchasing houses to rent out to others helps you to earn passive income (money you're not currently working for). What financial value does this align with?

• Freedom

• Adventure

• Self-Care

• Community

Khalil moved away from home to go to college, but once he graduates and gets his degree in business, he wants to move back closer to family and start his own business. What two financial values are those goals best aligned to?

• Adventure and Community

• Freedom and Community

• Adventure and Security

• Security and Freedom

Nailah works as a scuba diving instructor for a resort in the summer and a skiing instructor in the winter. She earns and saves enough that she has enough savings for a whole year, in case she is injured on the job and she's well on her way to saving for retirement. What two financial values does she seem to be most closely following?

• Community and Adventure

• Freedom and Community

• Adventure and Security

• Security and Freedom