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Saving money can be easy. Acing this savings quiz? That's a little harder. Discover your financial acumen below and see if you qualify to save with <a href="https://www.navyfederal.org/" target="_blank">Navy Federal Credit Union</a> today.

Saving money can be easy. Acing this savings quiz? That's a little harder. Discover your financial acumen below and see if you qualify to save with Navy Federal Credit Union today.

If You Can Score 5/6 On This Quiz, You’re Probably Financially Fit

Having [multiple credit cards](https://www.navyfederal.org/resources/articles/credit-debt/credit-card-myths.html) may not hurt your credit as long as you manage them responsibly.

True or false: It's never advisable to have more than one credit card.

[Credit unions](https://www.navyfederal.org/loans-cards/mortgage.html) and banks commonly offer home loans.

Which of the following places could one receive a mortgage loan from?

A 401(k) is a [retirement savings plan](https://www.navyfederal.org/makingcents/knowledge-center/retirement-savings/thinking-about-retirement/understanding-retirement-account-options.html) that employees contribute to and an employer sponsors. In certain cases, employers may also contribute an amount.

One's [net worth](https://www.navyfederal.org/resources/articles/life/found-money.html) is defined by the assets you own offset by the liabilities (such as taxes) owed.

The amount you own offset by the amount you _owe_ is known as...

APRs, or [Annual Percentage Rates](https://www.navyfederal.org/makingcents/knowledge-center/auto-loans/getting-started/understanding-auto-loans.html), are best served low. These exist on things like auto loans and credit cards, and ultimately definite how much interest you’ll pay on your loan.

True or false: The higher the APR on an auto loan, the better.

With a [traditional IRA](https://www.navyfederal.org/resources/articles/life/ira-questions.html), taxes are owed later; with a Roth IRA, you pay taxes on contributions right away but receive tax-free withdrawals down the line.

This type of IRA doesn't require taxes to be paid immediately but _does_ place them on withdrawals made later.

You're curious and looking to learn more about saving. With [Navy Federal Credit Union](https://www.navyfederal.org/), you could stand to learn, earn, and save.

You're an eager learner.

No doubt about it: Your saving acumen is high. Discover all you could stand to learn, earn, and save with [Navy Federal Credit Union](https://www.navyfederal.org/).

Person writes in their notepad while referencing calculator

You're a smart saver.

With skills like yours, saving is a cinch. Take your knowledge to the next level and learn, earn, and save with [Navy Federal Credit Union](https://www.navyfederal.org/).

Person holds stack of cash in club-like setting

You're a saving expert!

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If You Can Score 5/6 On This Quiz, You’re Probably Financially Fit

Looking to save? Discover all you may stand to earn with Navy Federal Credit Union today.

If You Can Score 5/6 On This Quiz, You’re Probably Financially Fit

Looking to save? Discover all you may stand to earn with Navy Federal Credit Union today.

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