Questions to think about (and sample answers)

1. What is financial literacy? Do you consider people to be financially literate?

   Financial literacy is the ability to understand and effectively use various financial skills, including personal financial management and budgeting. It varies greatly among individuals.

2. Should finances be taught at primary schools? Why (not)?

   Yes, finances should be taught at primary schools as this can lay the groundwork for future financial literacy and responsible economic behaviour.

3. How do banks make money?

   Banks make money through the interest they charge on loans, fees for services, and by investing deposited funds in different financial products.

4. Do you use online banking? Why?

   Yes, I use online banking for its convenience, ease of access, and quick transaction capabilities. It allows me to manage my finances anywhere and anytime.

5. How do interest rates affect loans?

   Interest rates directly impact loans by determining the amount of money a borrower must repay in addition to the principal. Higher rates mean larger repayment sums.

6. Can you name a financial product or service that you have used recently?

   I recently used a credit card, a financial product, to make purchases and take advantage of the grace period offered.

7. What are your most valued assets?

   My most valued assets are my education and skills, which enable me to generate income and thrive in my profession.

8. Have you ever invested in the stock market/stock exchange? Why (not)?

   Yes, I have invested in the stock market. It's a great way to diversify my investment portfolio and potentially earn higher returns.

9. Are you risk-averse when investing? Why (not)?

   I'm moderately risk-averse when investing. I balance my investments between high-risk, high-reward options and safer, more predictable ones.

10. Have you ever used the services of a financial advisor? Why (not)?

    Yes, I have met with a financial advisor to help guide my investment strategies and retirement planning, optimising my financial health and stability.