Who is the savviest of them all?

Take the challenge, learn something and
prove your Money Savviness in the process

Prove your money-know-how with this quiz.

Take the Challenge

Score Icon

Your Money Savvy Score

  • Answer 15 multiple choice questions to get your Money Savvy score.
  • There's tips to help you out if you need them.
  • We'll provide you with guides for the questions you get wrong.
Share Icon

Challenge your friends

Share the love and find out which of you is the savviest when it comes to money. You might even teach them a thing or two. Win-win!

Charity Pledge Tracker

See who we've helped

  • You raised $4,277 for charity!
  • We matched up to a dollar for everyone's correct answers.
  • Check out how much was pledged on our Charity Pledge Tracker.

By completing this quiz, you agree to the finder.com.au Money Savvy Challenge Terms and Conditions

1. Information on how to enter and prizes form part of these Terms and Conditions. Participation in this promotion is deemed acceptance of these Terms and Conditions and the finder.com.au privacy policy.2. Entry is only open to Australian residents aged 18 years or over. Employees (and their immediate families) of the Promoter and agencies associated with this promotion are ineligible to enter.

3. The Promoter reserves the right, at any time, to verify the validity of entries and entrants (including an entrant’s identity, age and place of residence) and to disqualify any entrant who submits an entry that is not in accordance with these Terms and Conditions or who tampers with the entry process. Errors and omissions will be accepted at the Promoter’s discretion. Failure by the Promoter to enforce any of its rights at any stage does not constitute a waiver of those rights.

4. Incomplete or indecipherable entries will be deemed invalid.

5. Only one (1) entry permitted per person. In the event of multiple entries, only the first will be valid.

6. Promotion commences on 01/06/2015. Entries close 31/03/2016 OR once the $10,000 AUD pledge amount has been reached, whichever comes first, unless extended by the Promoter. The Promoter reserves the right to close the competition earlier without warning. Entrants will be notified by email. This is a game of skill and chance plays no part in determining the winners.

7. Each valid entry receives a pledge per correct answer, for a maximum value of ONE DOLLAR ($1 AUD) per entry (a maximum of 15 correct answers can be achieved in this quiz). The maximum value of this prize is a total TEN THOUSAND DOLLARS ($10,000 AUD) shared among all chosen charities. The pledge for each individual entry will be added to the chosen charity's running total (displayed on the competition page) and awarded at the end of the Promotion period via cheque or electronic funds transfer.

8. If this promotion is interfered with in any way or is not capable of being conducted as reasonably anticipated due to any reason beyond the reasonable control of the Promoter, the Promoter reserves the right, in its sole discretion, to the fullest extent permitted by law (a) to disqualify any entrant; or (b) to modify, suspend, terminate or cancel the promotion, as appropriate.

9. Any cost associated with accessing the promotional website is the entrant’s responsibility and is dependent on the Internet service provider used.

10. Except for any liability that cannot be excluded by law, the Promoter (including its officers, employees and agents) excludes all liability (including negligence), for any personal injury; or any loss or damage (including loss of opportunity); whether direct, indirect, special or consequential, arising in any way out of the Promotion, including, but not limited to, where arising out of the following: (a) any technical difficulties or equipment malfunction (whether or not under the Promoter’s control); (b) any theft, unauthorised access or third party interference; (c) any entry or prize claim that is late, lost, altered, damaged or misdirected (whether or not after their receipt by the Promoter) due to any reason beyond the reasonable control of the Promoter; (d) any variation in prize value to that stated in these Terms and Conditions; (e) any tax liability incurred by a winner or entrant; or (f) use of the prize.

11. The Promoter collects personal information in order to conduct the Promotion and may, for this purpose, disclose such information to third parties, including but not limited to agents, contractors, service providers, and prize suppliers. Entry is conditional on providing this information. The Promoter may, for an indefinite period, unless otherwise advised, use the information for promotional, marketing, publicity, research and profiling purposes, including sending electronic messages or telephoning the entrant. Entrants should direct any request to access, update or correct information to the Promoter. All entries become the property of the Promoter.

12. The Promoter is finder.com.au® Pty Ltd (ABN 18 118 785 121) of Level 10, Suite 45, 99 York Street, Sydney, NSW 2000.

Charity Pledge Tracker

Hall of Fame

Here we celebrate everyone who has ever achieved a perfect score in the Money Savvy Challenge. Read the guides, take the challenge yourself and you could find your name immortalised in this Hall of Fame.

Ask a Question

You are about to post a question on finder.com.au

  • Do not enter personal information (eg. surname, phone number, bank details) as your question will be made public
  • finder.com.au is a financial comparison and information service, not a bank or product provider
  • We cannot provide you with personal advice or recommendations
  • Your answer might already be waiting – check previous questions below to see if yours has already been asked

Disclaimer: At finder.com.au we provide factual information and general advice. Before you make any decision about a product read the Product Disclosure Statement and consider your own circumstances to decide whether it is appropriate for you.
Rates and fees mentioned in comments are correct at the time of publication.
By submitting this question you agree to the finder.com.au privacy policy, receive follow up emails related to finder.com.au and to create a user account where further replies to your questions will be sent.

26 Responses to The finder.com.au Money Savvy Challenge

  1. Default Gravatar
    Malcolm | August 5, 2015

    can i negotiate deposit rates.

    • Staff
      Kelly | August 6, 2015

      Hi Malcolm,

      Typically, banks and credit unions will give all their customers the same rate for deposits that fall under their maximum deposit amount. If you have a deposit larger than that, you may be able to negotiate with your bank for a different rate, but this depends on the bank, your account manager, the size of your deposit, if you’ve got other products with them and your account / financial history.

      If you’re lucky and tenacious, you may even be able to negotiate a better rate on your deposits with your bank for smaller amounts too. There’s a lot of ‘if’s there, but it doesn’t hurt to try your luck – it could mean a difference of hundreds, if not thousands of dollars more in your pocket.

      We’ve got this page that’s all about term deposit rates and it lists a few of the higher rates on offer too. Give it a read and let me know if you’ve still got any questions.

      – Kelly

  2. Default Gravatar
    Jo | August 5, 2015

    Didn’t work in either Firefox or IE. I tried allowing a few things in Noscript, and IE has javascript turned off.

    • Staff
      Kelly | August 6, 2015

      Hi Jo,

      Sorry about the technical difficulties. Do you know what versions you’re running for Firefox and Internet Explorer? We’ve tested it on all major browsers on a few devices and it’s worked for us, so we’ll need to know more about how you’ve accessed it before we can help fix it.

      In the meantime, the quiz is mobile friendly, so perhaps try accessing it on your phone or tablet? Or you can download the latest version of Chrome and try on that, without any extensions enabled.

      - Kelly

  3. Default Gravatar
    The | July 28, 2014

    I spent my working life as a professional photographer and musician. When it came to retirement I retired on the aged pension. Two years later my wife did the same. I cannot take on any paid work due to a damaged spine which makes it very difficult for me to walk far so I cannot take bookings as when the day arrives I may not be able to walk. My wife receives a partial carers pension as well as both of us receiving the aged pension. We are trying to replace our car and on repayments we have worked out we could afford to borrow around the $11k region as we can comfortably afford in the vicinity of $120 per fortnight. I notice at the start of this article that pensioners do not get increases and that is wrong as we get a CPI increase each six months along with adjusted rent assistance and very good adjusted medicines and doctors visits all of which should be taken into consideration. We do not drink or smoke and are members of the local lions club which helps people worse off than us ( although after trying to get a loan as a pensioner I wonder why we bother with helping others).

    I firmly believe that pensioners like us are more reliable than people with full time work at the moment as we are not going to be sacked.

    Is there anyone out there who can advise us as to how we can get the loan we are after? Also, I forgot to mention that we both have funeral plus life insurance so should anything happen to us this loan would be fully paid out along with any other expenses so we are thoroughly covered.
    Thanks
    The Clicker

    • Staff
      Shirley | July 29, 2014

      Hi The Clicker,

      Thanks for your question

      Please see this article for a list of banks that may be able to assist. Though sometimes it helps if you have a supplementary income to support your application.

      Cheers,
      Shirley

  4. Default Gravatar
    Dennis | July 26, 2014

    Hi there
    How do I remove this site from automatically appearing in my browser?
    Thank you
    Dennis

    • Staff
      Shirley | July 28, 2014

      Hi Dennis,

      Thanks for your question.

      You can do this by clearing your browser history. The steps are different according to what browser you use but can found doing a google search.

      Cheers,
      Shirley

  5. Default Gravatar
    Luke | July 25, 2014

    Question number 4
    Really 20% – you should try Homestart finance in SA

    Money Savvy Quiz fail.

    • Staff
      Kelly | July 25, 2014

      Hey Luke,

      You’re absolutely right. Typically, you’ll need 20% of the property value for a deposit to avoid these charges, but HomeStart are one of a few lenders who won’t charge you LMI for a loan with an LVR higher than 80%. They do charge what they’ve termed a Loan Provision charge on their Low Deposit Loans instead.

      Thanks for mentioning this and them pointing out.

  6. Default Gravatar
    Sue | July 24, 2014

    When my husband stopped smoking and we notified the insurance company his premiums didn’t drop by half.
    In reference to 100% off set account is wrong because you have to pay the yearly package fee of around $350

    • Staff
      Kelly | July 25, 2014

      Hey Sue,

      Unfortunately, the body takes a while to heal after it stops smoking and underwriters know this. They’ll typically let you to reevaluate your policy after two years of being cigarette-free. This is a general rule of thumb and insurers will take each person on a case-by-case basis, so other factors may be at play when decided your husband’s premiums.

      Even though some fixed rate loans will charge you yearly package fees, you can still use a 100% offset account to reduce the amount of interest you pay. Some won’t even charge you yearly fees at all.

      I hope that clears things up bit, but if you’ve still got questions or think some of our questions need a bit of refining, feel free to reply and I’ll help out as best I can.

  7. Default Gravatar
    Mark | July 24, 2014

    Do you think your questions are a fair indicator because I don’t.

    I don’t smoke so how does that make me less money savvy if I don’t know what the extra life insurance is for a smoker?

    I correctly guessed the answer to rewards on “rewards points with a no annual fee credit card”, however once again not relevant to me as I have no need for a debit card and know that rewards programs are BS.

    • Staff
      Kelly | July 24, 2014

      Hey Mark,

      Sorry that you didn’t enjoy the challenge. We’ve tried to include general questions as well as a few specific ones to try to make it fair for everybody (but also keep it quite tough).

      Thanks for giving us your thoughts on it. We really appreciate the feedback.

  8. Default Gravatar
    Banker | July 24, 2014

    All answers about LMI are incorrect here. The correct answer should be 20% of the properties value plus any fees, not 20% of the loan amount. Ie the maximum loan amount is 80% of the value of the property.

    • Staff
      Kelly | July 24, 2014

      Hey Banker,

      Great spot! You’re right – we’ve made the (unfair) assumption that people taking out home loans are doing so for the whole value of the property. I’ve changed the question to make it clearer. Thanks for being so on the ball – you’ve definitely proved your money-savviness!

  9. Default Gravatar
    Denese | June 30, 2014

    I have just tried to “take the quiz” it doesn’t take you to the questions. I too am using Safari on my IPad.

    • Staff
      Kelly | June 30, 2014

      He Denese,

      We’re very sorry, but we can’t seem to find the issue with this glitch.

      To make sure you can still enter the competition though, we’ve put the questions up on SurveyMoney. Click this link to go to the quiz and fill it out there. Your response will still be counted.

      -KV

  10. Default Gravatar
    | June 25, 2014

    I entered my name and email to start and it doesn’t take me anywhere

    • Staff
      Kelly | June 26, 2014

      Hi Erin,

      Sorry to hear it wasn’t working for you. I’ve tried it myself and it worked well. A common issue can be if you didn’t enter your email in a correct format – eg. name@email.com (making sure to include the “@” and “.”).

      What device were you on and what internet browser (Safari, Firefox, Internet Explorer) were you using? We’ll try to test it in the same conditions and see if there isn’t anything we can fix there.

      -KV

    • Default Gravatar
      BC | June 26, 2014

      Like the other entrant, having (correctly) entered my name and email address, the start button took me nowhere. I used safari on my Macbook Pro

    • Staff
      Kelly | June 26, 2014

      Thanks for the information, Erin and BC. I’ve tested it on Safari on a Macbook Air and it worked for me, but I will get someone from our tech team to check into this issue further for you guys.

      I’ll post again here once I have an update for you.

      -KV

    • Staff
      Kelly | June 26, 2014

      Hey Erin & BC,

      We’ve tried to recreate the issue but have been unsuccessful so far.

      Would you mind trying to access the quiz from a different browser or another computer / mobile / tablet? We’ll keep trying to find out what the problem is, but this might be the simplest solution to make sure you can enter the competition in the meantime. I’m sorry for the inconvenience.

      Let me know if you still have issues with accessing the quiz on another device or with another browser.

    • Default Gravatar
      Lyn | June 26, 2014

      I’m using Google Chrome. After filling in my details correctly I am not being taken further either. Very frustrating.

    • Staff
      Kelly | June 27, 2014

      Hey Lyn,

      We’re super sorry about all these technical difficulties. Unfortunately, we haven’t been able to recreate the issue in our testing. We think it may be something to do with the host of the survey.

      Because we can’t seem to fix the issue, I’ve remade the quiz on SurveyMonkey so that anyone experiencing issues with taking the challenge can still take the quiz. You won’t receive your results automatically as they’ll have to be manually entered into the database, but you will be able to enter the competition.

      Again, sorry for this inconvenience and we hope this workaround isn’t too much of a hassle for you.

      -KV

    • Default Gravatar
      | June 26, 2014

      Hi Kelly, thanks. Safari my email was definite correct I tried several times.

Ask a question
feedback