How Financially Literate Are You?

Because let's be real, money is sort of important.

1. 1. Being on a budget means what?

   

   ClipDealer / Via us.clipdealer.com

    Only one PSL a week instead of nine

   Only one PSL a week instead of nine

   Serious Eats / Via drinks.seriouseats.com

    Paying your bills on time

   Paying your bills on time

    Making a plan so expenses do not exceed your income.

   Making a plan so expenses do not exceed your income.

    Lolz @ "budget"

   Lolz @ "budget"

2. 2. What is an example of an excellent credit score?

   

   Fox News / Via a57.foxnews.com

    A+

   A+

    782

   782

    236

   236

    512

   512

3. 3. How do you plan to afford the lifestyle you want for the future?

   

   Southern House Plans / Via master-homebuilder.com

    Marry rich.

   Marry rich.

    Credit cards. Free money!

   Credit cards. Free money!

    Start saving now. A little a month adds up!

   Start saving now. A little a month adds up!

    I don't. I'm all about that paycheck to paycheck life.

   I don't. I'm all about that paycheck to paycheck life.

4. 4. How long do you have after graduation to start paying your student loans?

   

   Student Loan Relief Service / Via studentloanreliefservice.com

   How long do you have after graduation to start paying your student loans?

    Wait, I have to pay those back?

   Wait, I have to pay those back?

    1 year

   1 year

    6 months

   6 months

    Help me, I'm poor.

   Help me, I'm poor.

5. 5. You're in a bind and need to borrow money. What do you do?

   

   You're in a bind and need to borrow money. What do you do?

    Volunteer my parent's credit card as tribute.

   Volunteer my parent's credit card as tribute.

    Use money from savings, but make sure to put it back.

   Use money from savings, but make sure to put it back.

    Overdraft my account. Sorry boutcha.

   Overdraft my account. Sorry boutcha.

    My credit card.

   My credit card.

6. 6. How many times per year can you access your free annual credit report from www.annualcreditreport.com?

   

   iStockPhoto

   How many times per year can you access your free annual credit report from www.annualcreditreport.com?

    Everyday

   Everyday

    One time per year

   One time per year

    Three times per year

   Three times per year

    WTH IS THAT

   WTH IS THAT

7. 7. What is the difference between a fixed rate loan and a variable rate loan?

   

   Lending Karma / Via LendingKarma.com

    Fixed rate loans have no interest rate and variable rate loans have interest.

   Fixed rate loans have no interest rate and variable rate loans have interest.

    Fixed rate loans adjust themselves each year and variable rates are constant.

   Fixed rate loans adjust themselves each year and variable rates are constant.

    Fixed rate loans are constant during the life of the loan and variable rates adjust every year.

   Fixed rate loans are constant during the life of the loan and variable rates adjust every year.

    I have literally no idea.

   I have literally no idea.

8. 8. What's the best way to pay as little of interest as possible?

   

    My parents are paying my loans...I think.

   My parents are paying my loans...I think.

    Start paying on your loans while you are in school.

   Start paying on your loans while you are in school.

    Start paying after college when you have money.

   Start paying after college when you have money.

    I don't believe in interest.

   I don't believe in interest.

9. 9. How important is your credit score?

   

    If I'm just hearing about it now, it can't be that important.

   If I'm just hearing about it now, it can't be that important.

    Mildly important. It's just a number.

   Mildly important. It's just a number.

    It's kinda important.

   It's kinda important.

    It's important. That stuff follows you for life.

   It's important. That stuff follows you for life.