ftesting

Do you keep track of your monthly expenses?

At least once

Rarely

Sometimes

Most of the time

Always

You invested in the stock of Company Z. Which of the following statements is false?

You are part owner of Company Z.

You are guaranteed to earn from this investment.

The value of your investment can go up or down within an hour.

None of the above

I don't know.

How are you with your values-based financial goals?

I don't bother setting values-based financial goals.

I have financial goals but I haven't aligned them with my core values.

I rarely achieve my values-based financial goals.

I sometimes achieve my values-based financial goals.

I am able to achieve my values-based financial goals most of the time.

I am able to stay on track with my values-based financial goals on a regular basis.

Which of the following statements is false about Pooled Funds (Mutual Funds and Unit Investment Trust Funds)?

They can be invested in several assets like stocks and bond

They are not insured by deposit insurers like PDIC (Philippine Deposit Insurance Corporation)

They pay a guaranteed rate of return, which depends on past performance.

All of the above

None of the above

I don't know.

Which of the following is not true about Term Life Insurance?

Primarily an investment

Primarily a protection fund

Primarily an expense

An instrument not meant for minors

I don't know.

If you are 25 years old investing for your retirement at 60, which asset will normally give you the highest returns?

Time Deposits

Bonds

Stocks

I don't know.

Which statement best describes how you handle money?

Bahala na si Batman! (Whatever will be will be!)

I am uncomfortable with money so I rely on others to deal with it.

I manage my money but with a lot of stress and difficulty.

I still have a lot to learn about money but I am hopeful.

I am sometimes happy with the way I manage my money.

I am happy with the way I manage my money.

Describe the way you pay your credit card or other forms of debt that carry high interest charges.

I just pay the minimum amount required and even miss it sometimes.

I generally pay the minimum amount required.

I pay the minimum amount required and sometimes pay more to lower the outstanding balance.

I occasionally pay the total balance to save on interest.

I generally pay the total balance to avoid interest charges.

I always pay the total balance so I don't pay interest charges at all.

Your credit card has an outstanding balance of PHP10,000.00. You always pay the minimum amount of PHP350.00 each month. At an interest rate of 3.5% per month, how many years will it take you to fully pay your bill?

Less than 5 years

Between 5-10 years

Between 10-15 years

Never

I don't know.

You opened a bank account with PhP5,000.00 If the interest rate is 1% per year and you never withdrew nor deposited more during the year, how much will your balance be after one year?

PHP 5,000.00

More than PHP 5,000.00

Less than PHP 5,000.00

I don't know.

You invested in a 5-year bond issued by Company A. This means that:

You own part of Company A

Company A owes you money.

You owe Company A money.

I don't know.

You spend PhP6,000.00 every month for your food expenses. If inflation rate is 3% per year, your PhP6,000.00 next year will enable you to buy:

More food than today

Same amount of food

Less food than today

I don't know.

When you invest your money in different assets, what happens to your risk of losing money?

Increase

Decrease

Stay the same

I don't know.

If you are the bread winner, which of the following should be your least priority?

Life Insurance

Retirement Fund

Emergency Fund

Travel Fund

I don't know.

For every income that you earn, how much do you set aside for savings and investment?

None

Whatever is left

At least 10%

At least 20%

At least 30%

Above 30%

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