Financial Literacy Questionnaire

Understanding / Comfort: On a scale of 1 to 5 rate your overall understanding of this subject

matter and how comfortable you are making decisions about these items.
5 High level of understanding

1 Very low level of understanding

Interest / Relevance: Rate how relevant this subject matter is to you, and how interested you
are in learning more.
5 Very important /relates to me

I. Credit Cards, Scores and Reports

1 Does not apply to me / no interest

2.3

Understanding / Comfort

4.3

Interest / Relevance

Do you know

The difference between a credit and debit card? What are their advantages?

Why you would want a credit card?

How to dispute a credit card error? The right way to cancel a card?

How much it costs to have a credit card? Pay a credit card off over time?

The difference between a credit report and a credit score?

How to get a free credit report? How many can you get every year?

What your credit report tells someone? How to fix an error in your credit report?

Why a credit score is important? How to find out your credit score?

II. Managing Money / Debt

1.6

Understanding / Comfort

4.3

Interest / Relevance

Do you know

How to balance your checkbook? Do you?

Where you can get a student loan? How much debt makes sense for your education?

How to get a deferment on a student loan?

What happens if you default on a student loan? Is filing bankruptcy a good option?

What is the best use of extra money?

Should you keep your money in a checking account? What if the bank closes?

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III. Saving / Investing

1.3

Understanding / Comfort

4.2

Interest / Relevance

Do you know

How much you should have in an emergency fund? Where should you keep it?

How to figure compound interest on your account? Why its important?

What a 401(k), IRA and Roth IRA are? Should you have them? Can you?

The difference between stocks, bonds, and mutual fund? The advantages of each?

Should you open a stock brokerage account?

How to fill out your tax return? How to get help with your tax return?

What the term dollar-cost-averaging means?

IV. Budgeting

2.3

Understanding / Comfort

4.2

Interest / Relevance

Do you know

Know how to set up a personal budget? Have you?

Know what percent of your income goes toward paying for housing? Food? Clothing?

Track what you spend? Have a fund specifically set up to handle emergencies?

Know if you can afford a trip during spring break? What is the best way for you to save?

V. Insurance / Risk Management

1.5

Understanding / Comfort

4.1

Interest / Relevance

Do you know

If you should have life insurance? If so, how much?

What your renters insurance covers? How much should you pay for it?

Which types of insurance are required by law?

If youre healthy, why you need health insurance?

How long you can be on your parents insurance plan?

What happens if you get sick and dont have health insurance?

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VI. Home Ownership

1.8

Understanding / Comfort

4.3

Interest / Relevance

Do you know

If it is better to rent or to buy?

If you can afford to buy a home ?

How you go about buying a home?

How do you get a home loan?

VII. Other List anything else finance related that you would like to learn more about.

Buying a car

Traveling expenses

Getting out of debt, without filing bankruptcy

Investing in CDs What should we invest in?

What format would be the best for you to learn about these types of financial subjects?
36 % Attend three 1-hour presentations
32 % Read and complete a workbook
21 % Attend one 3-hour presentation
11 % Read the information on-line

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