Getting started

Quiz Summary

0 of 5 questions completed

Questions:

You have already completed the quiz before. Hence you can not start it again.

Quiz is loading…

You must sign in or sign up to start the quiz.

You must first complete the following:

Results

Quiz complete. Results are being recorded.

Results

0 of 5 questions answered correctly

Your time:

You have reached 0 of 0 point(s), (0)

Question 1 of 5

1. Question
How should you set your saving goals?
- Simply set an amount of money you’d like to save and go ahead. You will reach it eventually;
- They should be realistic, specific and measurable over a certain period of time. This will help you stay on track and achieve your saving goals;
- Set high goals to keep yourself motivated. It doesn’t matter if you won’t achieve them, it will give you the right drive to reach for the stars;
- Saving can be stressful enough, simply try your best and save what’s left at the end of the month. Your savings will grow with time;
- Think of your short-term savings first. You want to enjoy the present before looking out for the future.
Correct

Incorrect
Question 2 of 5

2. Question
What are the benefits of an emergency fund?
- You can use it to splurge on something fun if you want to;
- They work as a safety net in case of an emergency, you should aim for 1-3 months of general expenses saved in case you lose your job, you can meet all your payment obligations without having to worry;
- It is a fund owned by someone else that you can access in case of a financial emergency. You have to repay it later with interest;
- You can’t access it unless you can prove that you are in an emergency, you won’t be able to spend the money on anything else.
Correct

Incorrect
Question 3 of 5

3. Question
Can saving money improve your credit scores?
- Yes, your credit scores display your bank balance, and the more savings you have, the less risky you are for a creditor;
- Not directly, however, having more financial security could make sure that you meet your payment obligations and may improve your credit scores long term.
Correct

Incorrect
Question 4 of 5

4. Question
What are typical savings goals?
- Saving for a mortgage deposit
- Education
- A big holiday
- An emergency fund for security
- Saving for retirement
- All of the above
Correct

Incorrect
Question 5 of 5

5. Question
What is micro-investing?
- Instead of big sums, you invest a small amount of money into a set portfolio to slowly grow your savings. This may avoid fees and other additional costs;
- It’s a service that automatically grows your money through many micro-changes in your investment portfolio to get better rates;
- It’s simply a different word for investing in the stock market.
Correct

Incorrect

Getting started

Quiz Summary

Information

Results

Results

Categories

1. Question

2. Question

3. Question

4. Question

5. Question