Quiz: Protecting Your Financial Independence

What is one key warning sign of potential financial abuse? *

Regular family meetings about finances

Open communication about budgeting

Joint decision-making in financial matters

Control over finances without transparency

How can you maintain financial independence and protect yourself from financial abuse? (Select all that apply) *

Keep separate bank accounts

Share all financial accounts with others

Build and maintain your own credit

Sign joint loans with a trusted person

Which of the following is a useful strategy to prevent financial abuse? *

Open individual accounts and maintain control over personal finances

Only use joint accounts for all expenses

Avoid reviewing your financial statements

Ignore any suspicious financial activity

How can legal aid services assist individuals experiencing financial abuse? *

By providing budgeting advice

By offering legal representation in court

By consolidating debt

By offering tax planning assistance

What action can be taken to prevent identity theft if someone has access to your personal financial information? *

Place a credit freeze or fraud alert

Avoid checking your credit report

Increase your spending to lower your credit score

Why is it important to build a support system after experiencing financial abuse? *

To outsource all financial decisions

To hide your financial documents from family members

To receive emotional support and financial advice

To avoid any future financial planning

What is the purpose of an emergency fund in a financial safety plan? *

To invest in high-risk ventures

To cover unexpected expenses like medical bills or job loss

To secure a loan for a new car

To lend money to friends and family

Which of the following should be part of a financial safety plan? (Select all that apply) *

Keeping individual bank accounts with secure access

Relying only on joint accounts with your partner

Developing backup income sources

Regularly reviewing your financial situation

What role do support networks and groups play in financial protection? *

They provide free financial services

They take control of your financial accounts

They provide automatic financial security

They offer emotional and practical advice for rebuilding financial independence

What is a credit freeze, and how does it protect you? *

A temporary loan to pay off debt

A measure that restricts access to your credit report, preventing unauthorized accounts from being opened

A high-interest savings account

A way to increase your credit score by freezing your spending