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Are You Practicing Good Habits To Help Reach Your Financial Goals?

Take this quiz to test your savings know-how


couple standing at their kitchen counter looking at a tablet
Photo Credit: Getty Images

If you want help reaching your financial goals – enjoying a comfortable retirement, traveling, or helping to pay for your grandchildren’s college – being strategic about savings now is key. Take this quiz to learn more about the habits that help your savings grow.

Question 1 of 5

Which of the following is true of an emergency fund?

Answer Explanation

An unexpected financial emergency can happen to anyone. Putting aside three to six months of living expenses in a high-yield savings account helps to allow you to be prepared while still earning an attractive return on your cash reserve and access your money should you need it.

Question 2 of 5

It’s a good idea to do a midyear check-in on the fees you’re paying for your:

Answer Explanation

Ask, and you shall get a discount – well, sometimes. Service providers are continuously rolling out new promotional deals and packages. And they sometimes have wiggle room to reward good customers, including those who always pay their bills on time. So, at least once a year, it pays to get in touch with your providers. Find out if you’re eligible for the latest deals and available rewards or if a newly introduced plan better meets your streaming, spending, wireless, or mobile needs

Question 3 of 5

Online banks are a convenient way to save, but there’s no way to know if your money is safe and secure.

Answer Explanation

Online banks that follow strict security practices are as safe as traditional banks. These measures include SSL encryption and multifactor authentication, as well as FDIC-insured savings products. If you’re hesitant about online banks, you can dig into their history, security practices, and FDIC insurance status (the FDIC’s BankFind tool can help you check their FDIC status).

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Question 4 of 5

Automating your savings is a smart idea.

Answer Explanation

By setting up recurring deposits, you’re making the decision to save only once, not deciding week by week. Many banks, including online banks, allow you to transfer a set portion of your paycheck directly into your savings account. And, when you choose a high-yield savings account, your hard-earned money could earn more with an attractive interest rate.

Question 5 of 5

Savvy savers take advantage of multiple ways to save, including:

Answer Explanation

Different savings vehicles meet different needs. AARP® Digital Banking from Marcus by Goldman Sachs® has options for AARP members. Enjoy a rate that’s 4X the national average on a high-yield savings account; and earn an exclusive rate that’s 0.10% higher than the stated available APY for 24 months. A no-penalty CD, allows for flexibility to withdraw your balance early while keeping the interest you’ve earned; an exclusive 8-month term is available for AARP members.

You have unanswered questions. Please go back and complete those questions to finish the quiz.

Click here to learn more about your exclusive member benefits with AARP® Digital Banking from Marcus® by Goldman Sachs®


Terms and conditions apply.

Neither AARP nor its affiliates are a bank. AARP commercial member benefits are provided by third parties, not by AARP or its affiliates. Marcus by Goldman Sachs (“Marcus”) offer financial products to consumers. Marcus loans and deposit products are provided by Goldman Sachs Bank USA, Member FDIC. Marcus pays royalty fees to AARP for the use of its intellectual property. These fees are used for the general purposes of AARP. Not all applicants will qualify for all Marcus products. Terms are subject to change and may have restrictions and limitations. Approval and eligibility criteria is determined solely by Marcus by Goldman Sachs. Please contact Marcus directly for questions relating to Marcus products.

Special offers available for AARP members. Contact Center available for help 24 hours a day/7 days a week.

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