What does Budgeting mean?

1.   ?    Buying things for the lowest price
2.   ?    Working out how much money is available for a purpose
3.   ?    Moving money between accounts
4.   ?    Borrowing money at a low interest rate

Disposable Income is calculated by...

1.   ?    Subtracting Expenditure from Income
2.   ?    Subtracting Income from Expenditure
3.   ?    Adding Income and Expenditure
4.   ?    Dividing Expenditure by Income

You earn £1000 a month. You spend £600 on rent, £150 on food and £60 on utilities. How much do you have left?

1.   ?    £109
2.   ?    £119
3.   ?    £190
4.   ?    £19

Which of the following are essential expenses. Tick each one you think is correct

1. Food
2. Rent
3. Socializing
4. Mobile Phone

Wages, Tax Credits and Benefits are Income or Expenditure?

1.   ?    Income
2.   ?    Expenditure

To convert weekly figures to monthly you....

1.   ?    Multiply by 52 and divide by 10
2.   ?    Multiply by 12 and divide by 52
3.   ?    Divide by 52 and multiply by 12
4.   ?    Multiply by 52 and divide by 12