REPOST: Think You Know Money? Let’s Find Out.

Whether it’s April [Financial Literacy Month] or any other time of year, your financial literacy isn’t just a score — it’s your leverage.

Most people think they’ve got a handle on their money... until they take a quiz like this.

That’s not a knock — it’s reality. Financial education isn’t always taught in schools, passed down by family, or easy to find in the noise. But it is essential.

So, let’s test your financial fitness and see where you stand. No shame, no pressure — just a quick check-in with real value.

No email required. No sign-ups. No fluff. Just answers that can actually help you move forward.

And once you're done, we’ll help you strengthen your weak spots — fast.

Multiple-Choice Quiz

Question 1

What is compound interest, and how does it work?

A. interest earned on the principal amount only
B. interest earned on both the principal and the accumulated interest
C. interest earned on a loan balance

Question 2

What is a credit score, and how is it calculated?

A. a score that reflects an individual's ability to pay bills on time
B. a score that reflects an individual's credit utilization and payment history
C. a score that reflects an individual's net worth

Question 3

How can you avoid or minimize credit card debt?

A. pay only the minimum payment each month
B. pay off the balance in full each month
C. ignore credit card bills and hope they go away

Question 4

What is the difference between a Roth and a traditional IRA?

A. contributions to a Roth IRA are tax-deductible, while contributions to a traditional IRA are not
B. contributions to a traditional IRA are tax-deductible, while contributions to a Roth IRA are not
C. withdrawals from a Roth are tax-free in retirement, while withdrawals from a traditional IRA are taxed

Question 5

How can you create and stick to a budget?

A. spend more money than you earn.
B. track your income and expenses, and make adjustments as needed
C. ignore your finances and hope for the best

Question 6

What is the difference between stocks and bonds?

A. stocks represent ownership in a company, while bonds represent a loan to a company
B. stocks represent a loan to a company, while bonds represent ownership in a company
C. stocks and bonds are the same thing

Question 7

How do you calculate net worth, and why is it important?

A. net worth = Assets - Liabilities; it is important because it reflects an individual's overall financial health
B. net worth = Income - Expenses; it is important because it reflects an individual's spending habits
C. net worth = Savings - Debt; it is important because it reflects an individual's ability to save money

Question 8

What is the difference between a checking account and a savings account?

A. checking accounts typically earn higher interest rates than savings accounts
B. savings accounts typically have lower fees than checking accounts
C. checking accounts are used for daily transactions, while savings accounts are used for long-term savings

Question 9

How can you protect yourself from identity theft and fraud?

A. share your personal information with anyone who asks for it
B. use strong passwords and keep them secure
C. ignore suspicious emails and phone calls

Question 10

If interest rates rise, what will typically happen to the price of a Bond?

A. fall
B. rise
C. does not affect the price

Grade Reset

🔍 What Your Score Really Says About You

This quiz isn’t a final grade — it’s a gut check. If you got:

• 9–10 right: You’re financially fluent. Keep sharpening those skills and stay curious.

• 6–8 right: Solid footing, but a few gaps could be costing you real money.

• 0–5 right: No shame here. Most people were never taught this stuff — and that’s exactly why we’re here.

We're not here to grade you — we’re here to guide you. Because everyone deserves a strategy, not just a score.

According to national surveys, fewer than 35% of adults score 8 or better on basic financial literacy tests. That’s not a failure of individuals — it’s a sign that money education has been left out of schools, family conversations, and everyday life for too long.

But here’s the good news:
Financial literacy isn’t fixed.
You can improve it, build on it, and let it change your future. The most powerful money moves aren’t complicated — they just require clarity, commitment, and a little guidance.

🧭 Need Help Navigating Your Next Step?

At BMG, LLC, we help individuals turn financial knowledge into action. Whether you're building your first budget, preparing to invest, or planning for retirement, we’ll meet you where you are — and help you get where you want to go.

🎯 Let’s make your money strategy as smart as you are.

🔗 [Book a complimentary strategy call]
🔗 [Learn more about BMG’s services]