Q.1.
Which of the following expenses is not an essential one?
Q.2.
Which of these is a benefit of saving some of your income regularly?
Q.3.
Which of the following is not a source of income?
Q.4.
To work out a budget, you need to add up all your income and then remove what?
Q.5.
Debt is bad and saving is good. If you owe money which of these is the best option?
Q.6.
Before calculating a budget for yourself, you should gather bank statements, wage slips and bills from the last…
Q.7.
If we need a loan then we have to pay back more than we borrow. A loan of £10,000 over five years would typically cost us how much extra money?
Q.8.
If your essential monthly expenditure is £800, what will your disposable income be if your monthly hours, paid at £10.50 an hour, drop from 120 to 80?
Q.9.
After you have made a budget, how often should you revisit and if necessary update it?
Q.10.
Janine has £300 income per week. Her rent is £150, her bills £50, her food costs £70 and her weekly night out costs £Which of these needs to be cut back?