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Personal Finance: Financial Life Events
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Avg score: 24% Most missed: “At the beginning of 2014, according to CreditCards.com and Cardweb.com, the aver…”

Some major life events with important financial implications are (but not limited to):


Starting work.
Changing jobs. 
Changing address. 
Marriage and civil partnership.
Getting separated or divorced.
Arrival of children. 
Onset of serious illness or disability.
Death of a pension scheme member.

Personal Finance: Financial Life Events
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25 Questions

1. When you get married it is a good time to evaluate your and your spouse's financial goals and come up with a set of joint financial goals.
2. Women are more likely to have a pension than men.
3. Carrying debt today is limiting your financial options in the future.
4. Your spouse's credit score may have a positive or negative impact on your ability to acquire a mortgage together.
5. In spite of the fact that many younger couples have high living expenses at first, it's is still vitally important to start a savings plan.
6. Part of the getting started stage is to begin saving for your goals- What are the critical steps to doing so?
7. According to U.S- News and World Reports, the required investment for a medium income family to raise and support a child for 22 years is approximately
8. According to your textbook, which is a typical financial event that recent graduates may face during their first decade out of college?
9. At the beginning of 2014, according to CreditCards.com and Cardweb.com, the average credit card debt per household with at least one credit card was $15,279, up from $2,985 in 1990.
10. The best investment advice for younger people is to be conservative and avoid risk.
11. The average student debt in the United States is more than ________- In addition, according to a recent Fidelity survey, total student debt
12. When you get married, by law you must have joint credit card accounts instead of individual accounts.
13. The interest on your mortgage is generally tax deductible and this tax benefit should be considered when determining which type of debt you should use.
14. The debt limit ratio is
15. Studies show that there is an inverse relationship between education and playing the lottery, with 54 percent of lottery players earning less than $40,000.
16. Living below your means leads to a harsh, barren lifestyle with little or no pleasure in life.
17. Couples should have many conversations about their views on family finances prior to becoming engaged or married.
18. Estate planning is much less important for married people than for single people.
19. For a married couple with opposite spending habits, one checking account for the family is the ideal strategy.
20. Women live, on average, 7 years longer than men.
21. A budget is essential for a recent college graduate with no dependents.
22. What is a smart thing for married women to do regarding their personal financial situation?
23. Which of the following statistics concerning women are not true?
24. According to your text, which of the following is true regarding employment in today's world?
25. At the end of each year for 25 years you deposit $365 in an account that earns 12% interest- If instead you had begun saving earlier, and had deposited $365 in the account each year for 50 years, how much more money would you have on deposit?