Financial Literacy Quiz

You earn ₱15,000 monthly, and your essential expenses total ₱10,000. What’s the most financially responsible action to take with the remaining ₱5,000?

• Allocate all for weekend getaways

• Save ₱2,500 and invest ₱2,500 in a time deposit

• Use it to buy installment gadgets

• Lend the full amount to a friend

Which of the following reflects a SMART financial goal?

• "I’ll save a lot soon."

• "I want to become rich someday."

• "I’ll save ₱1,000 a month for 6 months to buy a tablet."

• "I’ll randomly set aside cash."

If you plan to save 20% of your income, what amount will you save monthly from a ₱22,000 salary?

• ₱2,200

• ₱4,400

• ₱6,600

• ₱3,000

Which action reflects proactive financial planning for a college student?

• Spending allowance immediately

• Relying on last-minute cash borrowing

• Anticipating exam fees and setting aside money

• Joining online raffles to earn extra

A “needs vs wants” analysis will help you with what financial skill?

• Growing your social network

• Avoiding job-related stress

• Budget prioritization and expense control

• Calculating gross income

You plan to buy a second-hand motorcycle. Which consideration reflects wise financial judgment?

• Buying in cash even if it empties your savings

• Checking total cost, maintenance, and insurance

• Ignoring safety and only considering the price

• Getting a loan with no repayment plan

A friend offers a get-rich-quick scheme with double returns in 7 days. What should you do?

• Try with a small amount

• Research and report the scam to authorities

• Invite others to try it

• Ask for referrals and testimonials

Which budget strategy helps ensure financial sustainability during job loss?

• Living on credit cards

• Maintaining a 6-month emergency fund

• Selling valuables after loss

• Ignoring long-term planning

Which shows a balanced financial habit?

• Saving after all expenses are paid

• Investing all income in stocks

• Spending 50% on needs, 30% on wants, 20% on savings

• Using credit for daily expenses

If inflation increases by 8% and your savings earn 2% interest, what is the real value of your money over time?

• It grows steadily

• It remains unchanged

• It loses purchasing power

• It becomes liquid