Make a monthly money check-in work for you: test your skills
One short, regular review keeps a budget alive. Here is a simple agenda for it. Answer each question to see the explanation; your score appears at the end.
This test checks that you can
- Run a short monthly review with a fixed agenda
- End each review with one decision
- Make money talks blame-free
- Practice
1. Why do budgets usually fail?
- Practice
2. How should a money date end?
- Practice
3. What helps couples keep reviews calm?
- Key idea
4. Which statement best explains "Neglect kills budgets"?
- Key idea
5. Which statement best explains "One decision per month"?
- Key idea
6. Which statement best explains "Personal spending money"?
- Action plan
7. In the action plan, which step comes first?
- Mistake to avoid
8. Which of these is a mistake this lesson warns against?
- Mistake to avoid
9. Which of these is a mistake this lesson warns against?
Plan: food $500, fun $200, transport $150. Actual: $540, $160, $150. Over or under in total, and by how much?
Show the answer
$0 — exactly on plan
Plan $850. Actual $540 + $160 + $150 = $850. Food was $40 over, fun $40 under.
Add a recurring 30-minute money date to your calendar this month.
More 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
- Final exam: Budgeting and cash flow