Financial Wellness Post-Survey DemoBy Holly Henry / September 24, 2025 Show session ID Load QuizSave Quiz Complete this post-assessment to measure your learning progress and mastery of the topics presented in this module. Note: This is a demo version and you will not have to answer any questions but can view them if you wish. This assessment matches the Pre-Assessment and allows the users to compare their answers prior to taking this Module to what they've now learned. Click Start Quiz to begin. After you select a response, click Next to progress through each question. For your convenience, this assessment has a save and resume feature. Click Save Quiz before exiting the assessment, and when you are ready to continue, click Load Quiz. When you complete the assessment, click the blue Submit button at the bottom right of the page. This assessment is repeatable so when you have achieved a score of 80% or more, click Mark Complete to finish this lesson and to earn your badge. Good Luck! 1. Which is NOT true about identifying your values? Values help orient your financial decision-making skills. Values adapt to changing life stages and situations. Values make budgeting easy. Budgeting falls flat if values are not addressed. None 2. Why is it important to determine your financial goals? It doesn't matter what you do if you don't care where you are going. It's impossible to measure success without a measuring tool. Goals allow us to see our progress and chart a path forward. All of the above. None 3. All of these impact your financial plan, EXCEPT: Values & goals Your high school best friends' financial situations Behaviors Circumstances & situations None 4. In this course, it is not important to take time to ponder and apply the financial concepts to yourself. True False None 5. Budgets based solely on numbers without consideration for the values, goals, & circumstances are: Ultimately, better and ideal. Less likely to result in lasting change. Easier to follow through on. Applicable to everyone, regardless of their circumstances. None 6. Which is NOT a common side-effect of prolonged stress? Increased rates of anxiety and depression. Improved sleep. Increased risk for substance abuse. Increased rates of pain and fatigue. None 7. Which of the following best describes variable needs? Regularly occurring necessities, like monthly bills. Intermittent discretionary expenses, like vacations. Intermittent non-negotiable expenses that may be known or unknown, such as a broken leg or car maintenance. Regularly occurring spending on discretionary expenses, like subscriptions. None 8. Financial wellness can be achieved by college-educated minority groups. anyone who puts in the personal effort. wealthy men. individuals over the age of 65. None 9. Physical and mental health have no relationship with finances or wealth. True False None 10. The typical length of time associated with short term financial goals is: 1 week 1 year 3 years 5 years None 11. To develop a budget, which is the best group of choices? Calculate your monthly income, track your expenses, and determine how much it costs to be you. Keep a box of all receipts, shop only at discount stores, and hire an accountant. Neglect all your wants, reduce your vacations, and work overtime. None 12. What is NOT a key to good budget execution? Remain active in comparing your budget vs. actual expenses regularly. As you complete one goal, reallocate the extra money to new goals instead of spending the extra cash. Plan down to the dollar and deny yourself all flexibility in your daily life. Choose sustainable goals and steps that you can realistically accomplish without ignoring your life. None 13. Which of the following will NOT improve your budget? Control recurring expenses. Limit spending. Establish and maintain good credit. Using a credit card for extra purchases that don’t fit in your budget. None 14. A budget allows you to do all of the following EXCEPT: Understand where your money goes. Ensure you don’t spend more than you make. Avoid all unexpected expenses and have total control over your financial life. Find uses for your money that will increase your wealth. None 15. Why do you need a budget? To increase your savings so you can buy what you want. To successfully accomplish your financial goals within your current circumstances. To make enough money to pay your bills. To purchase the car of your dreams. None 16. The recommended number of months for an emergency fund is: 3 – 6 months 6 – 12 months 12 – 18 months 18 – 24 months None 17. Net worth is the main indicator of total debt. a measure of what you owe as a percentage of what you own. the main indicator of retirement readiness. the total value of what you own. None 18. Why are financial ratios useful? They help set benchmark targets for savings and debt. They give a sense of financial health trajectory. They are helpful for setting goals. All of the above. None 19. Savings ratio is the amount of money in a savings account. the amount of money saved divided by income. the main indicator of total savings. the main indicator of retirement goals. None 20. Your total monthly loan obligations (including housing loan) ideally should not exceed what share of your monthly income? 18% 28% 36% 50% None 21. Financial ratios: Should be strictly observed as best practices. Are guidelines and should be adjusted to fit your circumstances. Are the true measure of financial health. Hold true for all income levels and life stages. None 22. Ty, a young adult, is contemplating getting a credit card with a 3% cash back feature. However, he has a history of not paying off his credit cards on time, even sometimes missing his payments completely for a month or two. The credit card he's considering has an 18.99% interest rate, and the credit limit would be $ 2,500. Ty's monthly expenses amount to $ 1,450. Additionally, he has only $ 150 in his emergency fund, and his fixed monthly expenses are 60% of his income. Help him make an informed decision by answering the following question. What circumstances and choices should Ty consider before getting the credit card? Focus on the 3% cash back feature, as it can help him save money on his purchases. Pay attention to the 18.99% interest rate and evaluate whether he can manage the potential costs associated with it. Assess if his monthly expenses of $ 1,450 can be comfortably managed within the $ 2,500 credit limit. Consider the precarious state of his emergency fund and whether his bills which make up more than 50% of his income pose a financial risk. All of the above. None 23. Using the same information as the previous question, what would be YOUR recommendation to Ty? (No correct choice, just different options.) Take out the credit card, but only use it for one expense per month, like gas or groceries, then pay it off immediately. Take out the credit card, but don’t use it for any monthly expenses, keep it as a cushion for his emergency fund while he saves up to his emergency fund goal. Don’t take out the credit card because it’s a behavioral trap he’s fallen into before. Don’t take out the credit card because if he doesn’t pay it off in full every month, the interest rate and fees will outweigh the cash back immediately, putting more stress on his already tight budget. None of the above All or the above None If you are ready to submit your responses please click the blue Submit button. Once you have the results of your assessment, and you have achieved 80% or higher, click Mark Complete to finish the lesson and to earn your badge. Time's up
