{"id":6348,"date":"2022-04-06T11:51:59","date_gmt":"2022-04-06T11:51:59","guid":{"rendered":"https:\/\/workwiseasia.com\/?p=6348"},"modified":"2022-04-06T11:54:58","modified_gmt":"2022-04-06T11:54:58","slug":"6348-2","status":"publish","type":"post","link":"https:\/\/workwiseasia.com\/?p=6348","title":{"rendered":"What is Financial Quotient? – FUNDamentals"},"content":{"rendered":"\n\n

While many people are familiar with terms such as Intelligence Quotient (IQ) and Emotional Quotient (EQ), there\u2019s a similar term that also applies to financial literacy. <\/strong>This term is called Financial Quotient (FQ),<\/strong> and according to Registered Financial Planner (US-based Global Certification) Edric Mendoza, it\u2019s important for us to familiarize ourselves with it. <\/p>\n\n\n\n

In an episode of FUNDamentals <\/strong>on PLUS Network<\/strong>, Mendoza says that financial quotient covers six areas: spending, debt and credit, career and income, investing, planning, and risk and protection. <\/strong>The financial quotient<\/strong> is a measure of how well we know those areas and how we are able to apply what we learned from those areas. The application <\/strong>is just as important as the knowledge, <\/strong>because we can have a lot of information and still be unable to apply it to better manage our finances. <\/p>\n\n\n\n

Mendoza also previously covered all the different areas of financial quotient in past episodes of FUNDamentals:<\/strong><\/p>\n\n\n\n

Spending<\/strong><\/p>\n\n\n\n