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.

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  • 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