Take the Money IQ Test and test your knowledge of the money concepts that shape your financial life.
Money decisions show up in everyday life, often before anyone has a chance to explain how they work. From reading a paycheck to choosing the right account, many of us are expected to “just know” things we were never formally taught. And while most of us use financial products (like savings and checking accounts) every day, we don’t always get a clear explanation of how they work—or how our small choices can add up over time.
That’s why staying educated about personal finance matters, and it’s one of the reasons we’re so committed to financial education. By focusing on education, we empower our members. We not only help them manage their money and make informed choices, we also help them gain confidence and independence. That empowerment ripples outward into the community.
When it comes to money matters, you don’t need to be an expert, but having a solid understanding of the basics can help you avoid costly mistakes, spot red flags, and make more confident decisions about your finances.
If you’re not sure where to start, focus on the fundamentals:
- Know where your money goes. Understanding your paycheck, deductions, and take-home pay gives you a clearer picture of what’s actually available to spend or save.
- Understand the accounts you use. Checking, savings, money markets, CDs, and retirement accounts all serve different purposes. Knowing what each one is designed for helps you use them more intentionally.
- Learn how credit works. Credit affects everything from loan approvals to interest rates, and it plays a bigger role in everyday life than many people realize.
- Pay attention to fees and fine print. Small charges can quietly drain money over time if you don’t know what to watch for.
- Find saving habits that actually fit your life. Even small, consistent savings can create breathing room for emergencies and future goals. The key is finding an approach that works for you—because budgets aren’t one-size-fits-all.
Staying informed doesn’t mean memorizing financial terms or constantly tracking the market. It means learning enough to ask good questions, recognize when something doesn’t feel right, and understand the tools you’re already using.
Think of the quiz as a quick check-in. It can help you spot what’s already clicking and what might be worth learning more about—so you can choose the topics that feel most helpful right now.