Financial Health Quiz

What is the primary focus of Financial Health?

• Social relationships

• Environmental sustainability

• Monetary affairs

• Physical well-being

Which of the following is NOT a dimension of Financial Health?

• Credit history

• Diet and nutrition

• Savings and emergency funds

• Income and expenses

What is considered an ideal debt-to-income ratio?

• Above 50%

• 20% or lower

• Below 36%

• Between 36% and 50%

How much of your income is typically recommended to be saved?

• 5%

• 20%

• 50%

• 10%

What is the purpose of an emergency fund?

• To cover unexpected expenses

• To pay off credit card debt

• To invest in stocks

• To buy luxury items

What does a positive net worth indicate?

• Accumulation of debt

• Wealth accumulation

• Decreasing assets

• Lack of financial planning

Which tip is NOT recommended for maintaining Financial Health?

• Create a budget

• Spend more than you earn

• Save consistently

• Review your financial plan regularly

Why is continuous learning important for Financial Health?

• To make uninformed decisions

• To avoid budgeting

• To improve financial literacy

• To ignore financial changes

What is a benefit of having good Financial Health?

• Increased stress

• Better credit access

• Higher risk of financial loss

• Limited career opportunities

What is a limitation of Financial Health?

• It is static and unchanging

• It is subjective and varies by individual

• It is easy to calculate

• It requires no data