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.
Updated October 12, 2008 and originally published May 22, 2006. If you enjoyed this article, subscribe to the RSS feed or receive daily emails. Follow @ConsumerismComm on Twitter and visit our Facebook page for more updates.