This welcome page is your quick on-ramp. The quiz teaches essentials with clear explanations and practical rules of thumb. No jargon overload, no gotchas.
Questions start friendly and get harder. You will see definitions, short scenarios, and a few quick calculations so the ideas stick and you can apply them immediately.
Most money problems are not one big mistake. They are small misunderstandings repeated over time: paying avoidable fees, missing a key detail, or making a choice based on a myth. When you understand the basic model, your defaults get better.
This quiz is designed to build that model. It helps you recognize what changes the outcome and what does not, so you can move faster with less stress.
This is educational content, not personalized financial advice. We avoid edge-case rules and deep legal detail. The goal is a strong baseline that makes the next step easier.
You will answer 20 multiple-choice questions. Each question has one best answer and a short explanation so every question teaches something.
Your score is a snapshot of your current instincts. Missed questions are the real value: they point to the highest-impact gaps to review.
Skim the explanations for what you missed and turn them into a short checklist. Pick one small step to do today: set an alert, compare two options, or change one setting.
This quiz is for beginners, people rebuilding confidence, and anyone who wants a clear baseline before making a decision. If you can follow simple math and read a short scenario, you can do this quiz.
Quick tip: if a question makes you pause, write down a one-sentence takeaway. Turning knowledge into a tiny habit is the fastest way to make it stick.
If you are doing this with a partner or friend, compare answers. Differences usually reveal assumptions that matter more than the trivia.
When you see a trade-off question, focus on what you can control: a setting, a default, a timing choice, or a small amount you can automate.
Do not worry about perfection. The goal is fewer expensive mistakes and more confidence. Small improvements compound.
If your situation is complex, use this quiz as preparation. Baseline knowledge helps you ask better questions and evaluate options.
Final note: take this quiz as a quick practice run. The real win is using one insight to make your next decision simpler and safer.
Banking Basics: Checking, Savings, and Fees comes up in real life more often than most people expect. Automation is a low-effort way to make habits stick. The goal is not to memorize rules, but to build good instincts: know what matters, what does not, and what one practical action you can take next.
A scheduled transfer tied to payday moves money automatically to savings so you do not rely on willpower.
Banking Basics: Checking, Savings, and Fees comes up in real life more often than most people expect. Emergency funds need safety and access, not maximum return. The goal is not to memorize rules, but to build good instincts: know what matters, what does not, and what one practical action you can take next.
High-yield savings balances liquidity, safety, and interest. Keep emergency funds out of volatile assets.
Banking Basics: Checking, Savings, and Fees comes up in real life more often than most people expect. Many accounts are "free" only in the marketing sense. The goal is not to memorize rules, but to build good instincts: know what matters, what does not, and what one practical action you can take next.
No monthly fee does not mean no fees. ATM, overdraft, wire, or out-of-network fees can still apply.
Banking Basics: Checking, Savings, and Fees comes up in real life more often than most people expect. Banking basics include monitoring your money flow. The goal is not to memorize rules, but to build good instincts: know what matters, what does not, and what one practical action you can take next.
A monthly review helps catch small recurring charges. Pair it with alerts and a list of subscriptions.
Banking Basics: Checking, Savings, and Fees comes up in real life more often than most people expect. Wires are a different rail than ACH. The goal is not to memorize rules, but to build good instincts: know what matters, what does not, and what one practical action you can take next.
Wire transfers are often faster but come with higher fees and are hard to reverse, so verify details.
Banking Basics: Checking, Savings, and Fees comes up in real life more often than most people expect. Statements help you audit spending and spot unknown charges. The goal is not to memorize rules, but to build good instincts: know what matters, what does not, and what one practical action you can take next.
Statements show a record of transactions and balances. They help with budgeting, disputes, and documentation.
Banking Basics: Checking, Savings, and Fees comes up in real life more often than most people expect. Account structure can reduce decision fatigue. The goal is not to memorize rules, but to build good instincts: know what matters, what does not, and what one practical action you can take next.
Separating bills money from spending money can make irregular income feel more predictable and reduce accidental overspending.
Banking Basics: Checking, Savings, and Fees comes up in real life more often than most people expect. Direct deposit is one of the most common banking automations. The goal is not to memorize rules, but to build good instincts: know what matters, what does not, and what one practical action you can take next.
Direct deposit is an electronic payment (often via ACH) into your bank account, commonly used for paychecks.
Banking Basics: Checking, Savings, and Fees comes up in real life more often than most people expect. Overdraft prevention is mostly about visibility and buffers. The goal is not to memorize rules, but to build good instincts: know what matters, what does not, and what one practical action you can take next.
Alerts and a buffer reduce surprises. You can also link savings for overdraft transfers, depending on the bank rules.
Banking Basics: Checking, Savings, and Fees comes up in real life more often than most people expect. Some accounts trade flexibility for yield. The goal is not to memorize rules, but to build good instincts: know what matters, what does not, and what one practical action you can take next.
A certificate of deposit usually pays interest in exchange for locking funds for a set term. Early withdrawal may have penalties.
Banking Basics: Checking, Savings, and Fees comes up in real life more often than most people expect. Small fees add up fast. Quick math helps you notice patterns. The goal is not to memorize rules, but to build good instincts: know what matters, what does not, and what one practical action you can take next.
Two overdrafts: 35+35=70. Add 12 for ATM fee: 82 total.
Banking Basics: Checking, Savings, and Fees comes up in real life more often than most people expect. Some accounts advertise no fee, but have conditions. The goal is not to memorize rules, but to build good instincts: know what matters, what does not, and what one practical action you can take next.
Banks may waive monthly fees if you keep a minimum balance or meet other requirements like direct deposit.
Banking Basics: Checking, Savings, and Fees comes up in real life more often than most people expect. Payment rails differ by speed and cost. The goal is not to memorize rules, but to build good instincts: know what matters, what does not, and what one practical action you can take next.
ACH is used for direct deposit, bill pay, and many bank transfers. It is usually slower than wires but cheaper.
Banking Basics: Checking, Savings, and Fees comes up in real life more often than most people expect. Fraud protection and cash flow both matter. The goal is not to memorize rules, but to build good instincts: know what matters, what does not, and what one practical action you can take next.
A credit card paid in full can offer stronger fraud protections and keeps your checking balance from being tied up by holds.
Banking Basics: Checking, Savings, and Fees comes up in real life more often than most people expect. Deposit insurance is about bank failure, not market swings. The goal is not to memorize rules, but to build good instincts: know what matters, what does not, and what one practical action you can take next.
FDIC insurance protects deposits at insured banks up to the coverage limit per depositor, per bank, per ownership category.
Banking Basics: Checking, Savings, and Fees comes up in real life more often than most people expect. Fees often come from timing: pending charges and low balances. The goal is not to memorize rules, but to build good instincts: know what matters, what does not, and what one practical action you can take next.
Overdraft fees can occur when you spend more than your available balance and the bank covers the transaction.
Banking Basics: Checking, Savings, and Fees comes up in real life more often than most people expect. Back-of-the-envelope math helps compare accounts quickly. The goal is not to memorize rules, but to build good instincts: know what matters, what does not, and what one practical action you can take next.
4% of 5,000 is about 200. So roughly $200 in a year (actual depends on compounding).
Banking Basics: Checking, Savings, and Fees comes up in real life more often than most people expect. Banks often pay more interest on savings than checking. The goal is not to memorize rules, but to build good instincts: know what matters, what does not, and what one practical action you can take next.
High-yield savings accounts typically pay higher rates than checking accounts, while still being liquid.
Banking Basics: Checking, Savings, and Fees comes up in real life more often than most people expect. Rate terms can be confusing, but one acronym matters for savers. The goal is not to memorize rules, but to build good instincts: know what matters, what does not, and what one practical action you can take next.
APY is Annual Percentage Yield. It reflects interest plus compounding over a year.
Banking Basics: Checking, Savings, and Fees comes up in real life more often than most people expect. Bank accounts serve different jobs. The best setup is usually a simple system. The goal is not to memorize rules, but to build good instincts: know what matters, what does not, and what one practical action you can take next.
Checking is typically used for transactions: paying bills, swiping a debit card, and receiving direct deposit.