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Quiz: How Would You Handle These Budget Challenges?

See how much you know about saving, managing debt and expenses


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Question 1 of 8

If your budget gets busted by a medical bill, it may be because the bill has errors. What percent of medical bills contain errors?

Ask for an itemized bill, not a summary bill, and check each charge.

Question 2 of 8

Where can you set up an automated savings account?

Saving is much easier when you arrange for automatic deposits into a savings account from your checking account or paycheck. Even if you contribute $10 a week, you’ll have $520 in a year.

Question 3 of 8

Which of the following is a strategy for paying off credit card debt?

Using the Avalanche strategy, you repay the credit cards with the highest interest rates first.

Question 4 of 8

Which of these shouldn’t you buy used?

You only get one emergency use for a bike helmet. Plus, you don’t know whether a used helmet has been recalled or replaced by a newer model for safety reasons.

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Question 5 of 8

At the end of 2022, how much credit card debt did Americans have?

Total credit card debt rose $61 billion in the last three months of 2022, according to the Federal Reserve Bank of New York, passing the pre-pandemic high of $927 billion.

Question 6 of 8

You’ve had a minor car accident. Should you skip repairs to save money?

Even small scrapes and dings can mask more serious internal damage to your car. Don’t put yourself at risk.

Question 7 of 8

You have a debt that’s in the hands of a debt collector. Which of these actions can the debt collector take?

If the debt collector sues you, get an attorney. And don’t ignore the lawsuit.

Question 8 of 8

Which of the following is not a site for car-repair estimates?

Kars4Kids is a national Jewish nonprofit providing mentorship, educational support and nurturing year-round environments. It also has a very catchy jingle.

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