Financial Quiz

What is a budget?

A budget is what is used to estimate the income and expenditure for a set period of time

A budget is a spread sheet used to calculate your income.

A budget is only useful for people with high incomes.

A budget can only be used if you are older than 50.

What is superannuation?

Superannuation is a way to save for your retirement. The money comes from contributions made into your super fund by your employer and, ideally, topped up by your own money

Superannuation is money you save. You can access this at anytime to go shopping.

Superannuation is optional to employers.

According to a study conducted in 2010, how many people lie awake at night worrying about their finances

75%

33%

18%

45%

What is a comparison rate?

The real interest rate when most fees and charges are taken into account.

The average rate charged for similar loans currently being offered.

When you compare multiple banks.

How much money was lost through scams last year in 2016?

$83,500,000

$100,000,000

$75,000,000

$63,500,000

What age category are most prone to scams in Australia?

What should your employer do in your workplace?

Create safe working conditions

Pay at least the minimum wage

Pay the men more than the women (in the same role).

Pay 9.5% super

Make sure you are saving money and only spending on important items

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