Check your understanding

Answer all 5 questions, then check your answers. You need 4 correct to pass and unlock your certificate. You can try as many times as you like.

Question 1 of 5Which income figure should you use to build your budget?

Your gross pay before deductionsYour take-home pay after deductionsYour yearly salary divided by 10The most you earned in any month this year

Question 2 of 5Rent is an example of which type of expense?

A fixed expenseA variable expenseAn occasional expenseA want

Question 3 of 5Using 50/30/20, how much of $3,000 in take-home pay goes to savings and extra debt payments?

$300$900$1,500$600

Question 4 of 5In a zero-based budget, what should income minus all planned spending and saving equal?

$010% of incomeThe cost of rentWhatever is left over

Question 5 of 5You pay $120 once a year for a subscription. How much should you set aside each month?

$12$10$20$120

You need 4 out of 5 to pass.