Financial Fitness Quiz

Which stage of life might require the most financial planning due to potential health expenses?

• Primary school
• High school
• Running a business
• When you are much older

Why might the financial needs of someone running a business differ from those of a high school student?

• Business owners have more free time
• High school students have more expenses
• Business owners need to invest in their business
• High school students earn more money

What is a key habit of financially fit individuals?

• Ignoring opportunities for additional income
• Making unplanned purchases
• Always looking for new ways to earn or save money
• Living day-to-day without a financial plan

Which of the following is an example of reducing spending?

• Buying a new pair of shoes when your old ones are good enough
• Paying for an expensive haircut
• Walking instead of paying for transport
• Buying a soda when you have enough water

What does the proverb 'Akabando k’iminsi gacibwa kare kakabikwa kure' suggest about financial planning?

• It's important to plan ahead
• Spending money is more important than saving
• Debt is unavoidable
• Financial planning is unnecessary

Which habit is NOT associated with financial unfitness?

• Ignoring opportunities for additional income
• Making unplanned purchases
• Creating a budget
• Accumulating debt without a plan

Why is it important to differentiate between needs and wants?

• To ensure you spend all your money
• To prioritize spending on essentials
• To avoid saving money
• To increase debt

Which of the following is a good reason to get into debt?

• Buying a new smartphone because a friend has one
• Purchasing medicine for an ill spouse
• Wanting to impress friends at a birthday party
• Buying a plot of land for a lower price

What is the first step in managing debt effectively?

• Borrow more money
• List your debts
• Buy expensive items
• Ignore the debt

Which of the following is an example of reusing to save money?

• Buying new clothes
• Using a reusable water bottle
• Throwing away old items
• Buying a new phone