Wellness Center [Financial Literacy Resources]

Answer 4 out of 5 questions correctly to earn a reward

Question 1

What is a recommended step to take in order to better financially prepare for the arrival of a new baby, as discussed in the article?

Quit your job to fully focus on the baby.

Buy all baby-related items brand new.

Take out a large loan.

Start setting aside the amount you plan to spend on your child each month in a separate account.

Question 2

What is a suggested method to encourage children to save money?

Force the child to put all their money in a savings account without explaining why.

Allow the child to spend all their money to learn about consequences.

Make a matching contribution by adding 50 cents for every dollar the child saves.

Discourage the child from saving so they learn the value of money.

Question 3

How much should your life insurance be?

$10,000

Double your income until your child turns 18.

Half of your income until your child turns 18.

Enough to replace your income until your child turns 18.

Question 4

In the United States, what is the maximum duration of unpaid leave that eligible employees are allowed to take after the birth of a baby according to the Family and Medical Leave Act?

30 weeks.

5 weeks.

12 weeks.

20 weeks.

Question 5

What is one of the suggested activities to teach children about spending?

Not allowing the child to spend any money until they're adults.

Regularly purchasing whatever the child wants.

Forbidding the child from buying any treats or toys.

Spending Simulation.

Reward Quiz