• 1

  Checking and savings accounts are the same.

       TRUE

       FALSE

  

• 2

  Savings accounts are generally guaranteed by your bank, so your money is somewhat protected.

       TRUE

       FALSE

  

• 3

  You should always have one savings account for each different category of savings.

       TRUE

       FALSE

  

• 4

  How high our income is will determine how much we're able to save.

       TRUE

       FALSE

  

• 5

  The purpose of saving money is to save up to buy nice things.

       TRUE

       FALSE

  

• 6

  How much money we save is determined by our circumstances, like our age, career development, and life stage.

       TRUE

       FALSE

  

• 7

  You don't have to worry about retirement money because once you hit retirement age, your company or government will figure it out for you.

       TRUE

       FALSE

  

• 8

  Saving small amounts consistently won't be enough to give meaningful results, so you might as well not bother unless you have significant money.

       TRUE

       FALSE

  

• 9

  Paying yourself first means buying yourself something nice as soon as you receive your paycheck so you know that you have money for it.

       TRUE

       FALSE

  

• 10

  You should always invest your savings.

       TRUE

       FALSE

  

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