The Ultimate Tips for a Debt-free-Life Quiz
by Staff
Ever wonder what it would be like to live a debt-free life? More and more Americans are attempting to succeed at this challenge. There are many useful tips that can help you achieve your own debt-free goals.

What debts are considered “good” debts?

  • mortgage and student loans
  • credit card and credit line debt
  • both the above

What is the average repayment time for an American student loan?

  • 6 years
  • 11years
  • 16 years

What is the average debt of an American college grad student?

  • 10000
  • 20000
  • 30000

How much can you save buy bringing your lunch to work every day?

  • at least $100 per month
  • at least $200 per month
  • at least $300 per month

Which credit debts should you pay off first?

  • small credit debts
  • large credit debts
  • either of the above

What type of grocery saving strategy is best?

  • using coupons
  • shopping frequently
  • either of the above

What is a good strategy for saving money?

  • Put your change in a piggy bank each day.
  • Automatically transfer money into a savings account each month.
  • both the above

What is a downside of using a debit card?

  • identify theft
  • self-control
  • both the above

Many more Americans are trying to reduce their consumerism. How can you begin to live a simpler life?

  • Buy items to organize your stuff.
  • Use what you have before you buy more.
  • both the above

A budget should:

  • be set in stone
  • allow for wiggle room
  • be entirely flexible