AcademyQuizzesEverything by subject
Financial literacy, by level

Five levels. Start at one if the vocabulary has never been explained to you, or jump to the level that sounds like your situation.

1
Level 1 · 8 questions

Level 1 — First Money

The words on your first payslip and your first bank statement. Nothing here needs any prior knowledge.

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2
Level 2 · 8 questions

Level 2 — Everyday Banking

Accounts, cards and the charges attached to both. The level where most avoidable money is lost.

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3
Level 3 · 9 questions

Level 3 — Borrowing and Credit

How loans are actually priced and structured, and what the credit file is doing while you repay them.

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4
Level 4 · 9 questions

Level 4 — Cover and Investing

Insurance and investing, where the product is complicated enough that most people buy on trust rather than on terms.

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5
Level 5 · 10 questions

Level 5 — What It Actually Costs

The other quizzes test whether you know what a term means. This one tests whether you know what it costs you.

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Price, cost and expense

Three words used as if they mean the same thing. Almost every bad purchase is a price that looked fine and a cost nobody worked out.

1
Price, cost, expense · Level 1 · 8 questions

Price vs Cost vs Expense — Level 1

Three words used as if they mean the same thing. They do not, and the gaps between them are where money goes missing.

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2
Price, cost, expense · Level 2 · 8 questions

Price vs Cost vs Expense — Level 2

The costs that never arrive as a bill. They are the largest ones, and the ones no budgeting app will ever show you.

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3
Price, cost, expense · Level 3 · 8 questions

Price vs Cost vs Expense — Level 3

Sorting your own transactions into what you spent, what you moved, and what changed your position. Get this wrong and every number after it is wrong too.

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Insurance, product by product

Two levels for each major product. The first is what it does and what the words mean. The second is how it is priced and sold, which is where the money is.

1
Auto insurance · Level 1 · 6 questions

Auto Insurance — Level 1

Deductibles, liability, and which half of a car policy is protecting against the losses that could actually ruin you.

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1
Life insurance · Level 1 · 6 questions

Life Insurance — Level 1

What life cover is for, who needs it, and the difference between the two things sold under one name.

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2
Auto insurance · Level 2 · 6 questions

Auto Insurance — Level 2

No-fault rules, GAP cover, what shopping around is worth, and why two states with the same drivers can price so differently.

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2
Life insurance · Level 2 · 6 questions

Life Insurance — Level 2

How a life policy is priced, who gets paid, and the five situations where a permanent product is the right answer.

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3
Home and renters · Level 1 · 6 questions

Home and Renters Insurance — Level 1

What a home policy covers, what renters insurance is really for, and the settlement basis that decides what a claim pays.

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4
Home and renters · Level 2 · 6 questions

Home and Renters Insurance — Level 2

The two policies bought at closing, umbrella liability, and the cover almost nobody is paid enough to sell you.

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5
Health insurance · Level 1 · 6 questions

Health Insurance — Level 1

Deductible, copay, coinsurance and the out-of-pocket maximum, and which of them tells you what a bad year costs.

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6
Health insurance · Level 2 · 6 questions

Health Insurance — Level 2

HSAs, the arithmetic of comparing two plans properly, and what a medical bill is before you negotiate it.

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7
Disability and LTC · Level 1 · 6 questions

Disability and Long-Term Care — Level 1

Cover for the income you would lose and the care that health insurance does not pay for. The two most under-bought protections there are.

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8
Disability and LTC · Level 2 · 6 questions

Disability and Long-Term Care — Level 2

Loss ratios, what a payout rate tells you about a product, and the difference between insurance and something sold beside it.

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Retirement, in two halves

Saving for it and living off it are different problems with different mistakes. Two levels each.

1
Saving for retirement · Level 1 · 7 questions

Saving for Retirement — Level 1

The accounts, the match, and the order that decides how much of your saving survives tax.

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2
Saving for retirement · Level 2 · 6 questions

Saving for Retirement — Level 2

Fees, tax drag, and reading a retirement balance for what it is actually worth to you.

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3
Retirement drawdown · Level 1 · 7 questions

Living Off It — Level 1

Withdrawals, Social Security timing, and why spending down is the plan working rather than a warning sign.

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4
Retirement drawdown · Level 2 · 6 questions

Living Off It — Level 2

Annuities, advice priced by percentage, releasing home equity, and spending on purpose rather than by accident.

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Buying and owning a home

What you are approved for, what you can afford, and everything attached to the house that is not the mortgage.

1
Buying a home · Level 1 · 7 questions

Buying a Home — Level 1

Approval versus affordability, the down payment, and every cost that arrives alongside the mortgage.

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2
Buying a home · Level 2 · 7 questions

Buying a Home — Level 2

Rate shopping, mortgage insurance removal, what happens when the loan is sold, and the year before you apply.

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Student loans and the cost of a degree

Borrowing for education, repaying it, and pricing the qualification before you sign for it.

1
Student loans · Level 1 · 6 questions

Student Loans — Level 1

Federal against private, what capitalized interest does, and the form that gates almost everything.

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2
Student loans · Level 2 · 6 questions

Student Loans — Level 2

Income-driven repayment, forgiveness counts that go backwards, and what a pause actually costs.

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Credit cards

The product most people hold and fewest read. Two levels.

1
Credit cards · Level 1 · 7 questions

Credit Cards — Level 1

Grace periods, minimum payments, and what the statement date has to do with your credit score.

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2
Credit cards · Level 2 · 6 questions

Credit Cards — Level 2

Sign-up bonuses, deferred interest, balance transfers and rewards that are already priced into what you buy.

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Car finance

Buying the car is one transaction. Financing it is another, and they are best not negotiated together.

1
Car finance · Level 1 · 6 questions

Car Finance — Level 1

Total cost of ownership, why the monthly payment is the wrong number, and what depreciation does before anything else.

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2
Car finance · Level 2 · 6 questions

Car Finance — Level 2

The finance desk, the products sold there, and what each of them pays back to buyers.

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Bank accounts

Where your money sits between arriving and leaving, and what that costs.

1
Bank accounts · Level 1 · 6 questions

Bank Accounts — Level 1

Balances, holds, overdraft charges and the difference between a bank refusing a payment and covering it.

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2
Bank accounts · Level 2 · 6 questions

Bank Accounts — Level 2

Where each dollar should sit, what idle cash costs, and the fee cascade a single shortfall can trigger.

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Investing and investment accounts

Funds, fees and the containers that decide how much of a return you keep.

1
Investing · Level 1 · 6 questions

Investing — Level 1

Allocation, diversification, index funds and the fee that never sends you a bill.

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2
Investing · Level 2 · 6 questions

Investing — Level 2

Advice, incentives, turnover and tax drag. The costs that separate a return from what you keep.

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Annuities

Two very different products share one word. Knowing which one is in front of you is most of the decision.

1
Annuities · Level 1 · 6 questions

Annuities — Level 1

What an annuity is, the one risk it genuinely solves, and how to tell the two products apart.

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2
Annuities · Level 2 · 6 questions

Annuities — Level 2

Payout ratios, layered charges, and running the same test on any complicated product that arrives with enthusiasm.

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Measure yourself against the country

The instrument national surveys use. Not a level, it spans all of them.

5 questions, the national benchmark

The Standard Check

The five questions national surveys use to measure financial literacy. Answer them and see where you land against the country.

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Plenee Academy provides financial information and education, not personalized financial advice. Plenee Co. is not a registered investment adviser, broker-dealer, or financial planner. Legal Disclosures & Notices →