April is financial literacy month, which means there's no better time than now to learn about managing your finances.

The truth is, financial literacy is something we shy away from. We fail to teach it in schools and parents are so uncomfortable talking to their kids about money, they'd rather talk about drugs.

This skittishness is costing us. Two-thirds of college students don't understand the terms of their loans. The average twenty-something owes $45,000 on average.

How much do you understand about your finances? Test your financial literacy now with this quiz provided by CredAbility, a budget and debt counseling service.

Do You Understand How Money Works? (QUIZ)
To get the highest score, get all the answers right in the fastest time!
The clock will start as soon as you submit your first answer.
 
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Question 1 of 10

Which of the following best defines your net worth?
The value of your home minus the amount owed on your mortgage
How much money you have minus how much money you owe
The total value of your assets minus your liabilities
How much money is left from your paycheck after you pay your monthly bills
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High Scores

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