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Financial Wellness Month 2025: Test Your Knowledge

Congratulations! Whether you completed every daily step or just a few, you made progress. And that’s what matters. Improving your financial knowledge and habits doesn’t happen overnight. But consistent, increment steps really add up.

Now, test your financial wellness know-how with this short quiz. It will help you review what you’ve learned and where you might want to focus next.

1) What's the purpose of a financial plan?

1) What's the purpose of a financial plan?
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B
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D

2) True or False: Financial wellness means being completely debt-free.

2) True or False: Financial wellness means being completely debt-free.
A
B

3) True or False: Knowing the amount I need to save for a financially secure retirement should be part of my financial plan today.

3) True or False: Knowing the amount I need to save for a financially secure retirement should be part of my financial plan today.
A
B

4) True or False: Tracking my monthly cash flow can increase my peace of mind.

4) True or False: Tracking my monthly cash flow can increase my peace of mind.
A
B

5) As a good rule of thumb, my emergency fund should be enough to cover my essential expenses for:

5) As a good rule of thumb, my emergency fund should be enough to cover my essential expenses for:
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B
C
D
E

6) True or False: It doesn’t matter what I’m invested in as long as I’m saving for retirement.

6) True or False: It doesn’t matter what I’m invested in as long as I’m saving for retirement.
A
B

7) Why is compound interest important in investing?

7) Why is compound interest important in investing?
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B
C

8) True or false: Estate planning is for wealthy and older people.

8) True or false: Estate planning is for wealthy and older people.
A
B

9) It's important to name a beneficiary to my retirement account because:

9) It's important to name a beneficiary to my retirement account because:
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B
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D

10) Which debt repayment strategy focuses on paying off the smallest debts first?

10) Which debt repayment strategy focuses on paying off the smallest debts first?
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B
C