Getty Images Facebook Twitter LinkedIn 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? 20 percent 30 percent 50 percent 80 percent 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? With your employer With your bank With your brokerage All of the above 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? Avalanche Ricochet Spirolina None of the above 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? Musical instruments Bike helmets Books Glassware 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. Members only Unlock Access to AARP Members Edition Join AARP to Continue Already a Member? Login
Question 5 of 8 At the end of 2022, how much credit card debt did Americans have? $1.75 trillion $695 billion $986 billion $3.24 trillion 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? Yes No 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? Call at any time, day or night Discuss your situation with your boss Sue you Use obscene language 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? AAA.com Consumer Reports Kars4Kids.org NAPA Auto Parts Kars4Kids is a national Jewish nonprofit providing mentorship, educational support and nurturing year-round environments. It also has a very catchy jingle. Submit Quiz You have unanswered questions. Please go back and complete those questions to finish the quiz. 0 Correct 0 Incorrect Oops...something went wrong. Please log out and log back in to continue.
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