Financial Literacy

It is good to be suspicious of 'get rich quick' offers.

Most investments have a guaranteed rate of return on your money.

Using extra money in your savings account to pay your credit card bill is a good idea.

There is no real difference in service offered by different banks.

People with very high incomes don't need a budget.

Paying your credit card bill late can make it more difficult to get a loan.

Accurate recording of expenses helps people to plan for their needs and wants.

Identity theft is rare and you don't have to really worry about it.

A financial plan will show you the steps you need to take to achieve your goals.

A budget includes your personal income and expenses.

Most banks do not charge service fees for their basic banking services.

Everyone must have auto insurance to legally drive a vehicle.

Buying insurance is a good way from protecting yourself from risk.

How much money a person needs will depend on the lifestyle a person chooses.

If you always save 10% of your income, you'll be able to retire with enough money.