Are you Financially Literate?
Sometimes, team bonding looks a little different at a FinTech company. Recently, we came across WalletHub’s great WalletLiteracy quiz and thought it might be fun to take it and compare our scores. Here’s what we found:
Company Average: B+
Our company average was a 78.7, which is a B+ according to the scale listed here. It turns out that, while we’re rockstars at credit cards, we need some brushing up on a few other areas of financial literacy.
Strongest Categories
Credit cards, of course! It turns out working at a credit card company will give you a pretty good working knowledge of cards. We also did fairly well on investment behavior and student loans.
Weakest Categories
Car insurance and mortgages. This may simply be a stage of life thing - many of us don’t own cars or homes (yet!). Of course, our VP of Finance had no weak categories - he got a 100%!
Resources
Now that we know our weaknesses, we’ve started to look for some resources to become more well rounded. Here are a few we love:
- WalletHub, of course! They have an extensive set of resources, including Key Terms to Know and Basics Guides.
- The Acorns Blog - While their blog covers a wide variety of topics, you won’t want to miss Money 101, which includes awesome self-evaluations like 35 Money Questions You Should Be Able to Answer By 35.
- Millennial Money - An accessible podcast, covering topics ranging from IRA Conversion Ladders to Smart Ways to Spend While Traveling.
Now, we challenge you: take the great WalletLiteracy quiz, and let us know how you do - and what you’d like to learn more about.
