## Budgeting Quiz

For a bit of fun, answer a series of questions to find your money personality type. It's not very scientific but it should give you an insight into how you feel about money.

- 1) What does Budgeting mean?
- Buying things for the lowest price
- Working out how much money is available for a purpose
- Moving money between accounts
- Borrowing money at a low interest rate

- 2) Disposable Income is calculated by...
- Subtracting Expenditure from Income
- Subtracting Income from Expenditure
- Adding Income and Expenditure
- Dividing Expenditure by Income

- 3) You earn £1000 a month. You spend £600 on rent, £150 on food and £60 on utilities. How much do you have left?
- £109
- £119
- £190
- £19

- 4) Which of the following are essential expenses. Tick each one you think is correct
- Food
- Rent
- Socializing
- Mobile Phone

- 5) Wages, Tax Credits and Benefits are Income or Expenditure?
- Income
- Expenditure

- 6) To convert weekly figures to monthly you....
- Multiply by 52 and divide by 10
- Multiply by 12 and divide by 52
- Divide by 52 and multiply by 12
- Multiply by 52 and divide by 12