What's inside

What's your money IQ?

Join us every week in October to take a smart money quiz. Check out the new set of questions weekly and enter to win cool prizes.

After you read the results of your quiz, enter your name and campus e-mail address for the prize drawings. You'll be notified by e-mail if you are one of the lucky winners to be chosen at random throughout Financial Literacy Month in October.

Final test of your financial IQ

1. Have you accurately tracked your expenditures for the past two weeks?

   Yes, I am ready to build a spending plan.
   Not yet, but I will start now and build a spending plan in the next two weeks.
   Sort of, and I will use what I have to build a spending plan.
   

2. Are premium goods and services worth the risk of bad credit?

   Yes, the memories of these nights on the town will keep me happy
   when I can't qualify for a home mortgage.
   Yes, I can't cook so how else am I going to eat?
   Yes, I need top quality because I am top quality.
   No, I know plenty of ways to have fun, look great, and not go broke.
   

3. I don't need to worry about how much I borrow. If they offer it to me, I should take it all.

   True
   False
   

4. I'm broke, but I want to go out!

   Use the credit card.
   Time to look for emergency money.
   The Twin Cities has many free events, places, and activities.
   Find a way to sneak in the back door.
   

5. Am I required to purchase a computer for college?

   Yes
   No
   It depends
   

6. Textbooks can be purchased anywhere, not just the University bookstore.

   True
   False