I’m not exactly a Suze Orman fan. I find her unnecessarily rude to callers on her television show, and I don’t always agree with her advice. However, she has something worth mentioning every so often. For example, last year, I live-blogged her Young, Fabulous, and Broke special on PBS.
On Yahoo Finance, Suze has created a financial education quiz for graduates about to enter the “real world” (or for anyone who needs to maintain their independent finances).
The answers to her questions are not obvious. In fact, most people who have participated in the quiz so far have answered incorrectly on a number of the items.
Here’s an example:
Which of the following will hurt your FICO credit score?
- Paying just the minimum due on your credit-card bill.
- Unpaid parking tickets.
- Opening three credit cards at the same time.
The correct answer scored a distant second in terms of percentage of individuals answering the question. One of the incorrect answers accounted for 68% of the responses by the time I looked at the results.
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4:51 pm (reply)
Suze Orman is a moron! I once saw her counceling someone with over $50K in credit card debt to start increasing their monthly payments to pay it off. How dumb is that. If you’re in that kind of hole, you’d be better off just declaring bankruptcy and moving on with your life.
5:55 pm (reply)
Sorry, I did a couple of the questions and disagree with her answers – or I should say that on a number of them there are multiple correct answers.
9:37 pm (reply)
Hi GaryP… can you provide us with more detail about the answers you believed were incomplete?