Q5. What might a budget include? Click on FOUR relevant answers. Bills Yes, such as gas, electric, internet, water rates etc. Food Yes, this can be recorded in a range of ways from per-meal to bulk buying. Entertainment Correct, leisure may sometimes have a financial cost to it. Rent Yes, this amount may be …
Q4. What luxury things might someone spend their money on? Click on TWO answers you agree with the most. Dining out Yes, like eating takeaways or at restaurants when there is sufficient food at home. Going clubbing Correct, a night out can be an expensive luxury. Designer clothes That’s right, some people spend a …
Q3. What mistakes might someone make when making a budget? Click on TWO answers you agree with the most. Hoping for more income Yes, someone may add an income to their budget that is not confirmed or uncertain. Underestimate costs Correct, additional expenses that were not expected can offset a tight budget. Forgetting something …
Q2. How might someone start up a shared collection (to pay bills) between housemates? Click on TWO answers you agree with the most. Agree the amount of money to put in Yes, knowing how much everyone is contributing will help with budgeting. Agree how much will be spent Correct, this will be helpful when …
Q1. What might it mean when someone has a good credit rating or score? Click on TWO answers you agree with the most. Preferred by lenders Yes, banks and other lenders use this scoring system as a guide to help assess someone’s history of credit. Has positive financial options Correct, the higher the credit …
