You know the type: "What's your favourite animal?", and other easily-guessed and easily obtained information hackers can use.
I always put in some gibberish by mashing the keyboard and make sure to record them somewhere safe just in case I need a password reset. I memorise my password and that should be fine, right?
Well, I was overseas with just my phone available to me, and one of the banking apps refused to let me use my valid password without also entering my password reset answers!
They misused the value I was only expecting to need for a reset for access.
I was totally locked out of my bank account with no recourse until I got back home and could look up the gibberish string used for the answers.