Budgeting and cash flow bootcamp exam
A plan built from the month you actually had. This exam mixes questions from every lesson in the track. Each explanation links to the lesson it came from.
- How to budget with the 50/30/20 rule
1. 50/30/20 should be applied to…
- How to budget with the 50/30/20 rule
2. Where do extra debt payments above the minimum go?
- How to build a zero-based budget in simple steps
3. In a zero-based budget, “zero” means…
- How to build a zero-based budget in simple steps
4. You overspend on groceries. What does the method say?
- Sort your spending: fixed costs, flexible costs and choices
5. Which is a variable cost?
- Sort your spending: fixed costs, flexible costs and choices
6. What usually changes a fixed cost?
- Let your receipts reveal where your money goes
7. What should month one of tracking focus on?
- Let your receipts reveal where your money goes
8. Which purchases are usually the biggest blind spot?
- Plan ahead with sinking funds
9. A sinking fund is for…
- Plan ahead with sinking funds
10. How do you work out the monthly amount?
- Build a budget when your income changes
11. Which income figure should your essentials fit inside?
- Build a budget when your income changes
12. What does the holding account do?
- Pause before you buy: manage impulse spending
13. What is a common impulse trigger?
- Pause before you buy: manage impulse spending
14. What does the pause rule do?
- Keep more of your raise: avoid lifestyle inflation
15. Lifestyle inflation is…
- Keep more of your raise: avoid lifestyle inflation
16. When should you decide how to split a raise?
- Make a monthly money check-in work for you
17. Why do budgets usually fail?
- Make a monthly money check-in work for you
18. How should a money date end?
- Read your utility bill and find ways to use less
19. Which part of a utility bill responds to your habits?
- Read your utility bill and find ways to use less
20. Best comparison for usage?
Lesson tests in this bootcamp
- How to budget with the 50/30/20 rule
- How to build a zero-based budget in simple steps
- Sort your spending: fixed costs, flexible costs and choices
- Let your receipts reveal where your money goes
- Plan ahead with sinking funds
- Build a budget when your income changes
- Pause before you buy: manage impulse spending
- Keep more of your raise: avoid lifestyle inflation
- Make a monthly money check-in work for you
- Read your utility bill and find ways to use less