The Ultimate Savings Quiz
by Staff
Most of assume that saving our money means doing a lot of math, research and other activities we probably try to avoid. But in fact, saving is more about creating new habits and looking at your money in new ways, and a lot of it is just about common sense and trusting your instincts. In this quiz, we'll look at personal spending habits, different forms of saving and assumptions about the economy. In other words: shopping!

In January of 2010, how many women surveyed by the Web site ShopSmart admitted they were spending more than planned?

  • 36 percent
  • 17 percent
  • 6.5 percent

In June of 2010, how many customers surveyed said they'd used a coupon for a recent purchase?

  • 20 percent
  • 12 percent
  • 62 percent

What is the rate of inflation, generally, from year to year?

  • 3 percent
  • 6.55 percent
  • 1.2 percent

In 2010, what Annual Percentage Yield (APY) can you expect on a one-year Certificate of Deposit (CD)?

  • 10 percent
  • 7 percent
  • 1 percent

What does FDIC stand for?

  • Federal Department of Investment Collections
  • Federal Deposit Insurance Corporation
  • Financial Deposit Insurance Coalition

When looking at interest rates, an investor should compare products by:

  • Annual Percentage Yield
  • Annual Percentage Rate or Annual Percentage Yield
  • Annual Percentage Rate

The average American household spent how much on entertainment in 2009?

  • $1,890
  • $600
  • $2,698

You want to put down $20,000 on a home three years from now. About how much do you need to save every month until then?

  • $560
  • $650
  • $225

How much did the average household spend on clothes in 2009?

  • $1,750
  • $170
  • $3,400

How much should you expect to earn from your checking account's interest rate?

  • 4 percent
  • 1.19 percent
  • 3 percent