Let your receipts reveal where your money goes: test your skills
Your memory underestimates your spending — receipts reveal the truth. Answer each question to see the explanation; your score appears at the end.
This test checks that you can
- Build a baseline from receipts, not memory
- Choose categories that fit your life
- Turn a problem category into one specific change
- Practice
1. What should month one of tracking focus on?
- Practice
2. Which purchases are usually the biggest blind spot?
- Practice
3. How many categories work best to start?
- Key idea
4. Which statement best explains "Memory rounds down"?
- Key idea
5. Which statement best explains "Month one is for seeing"?
- Key idea
6. Which statement best explains "A receipt is information"?
- 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?
You buy a $4.50 coffee 4 times a week. Roughly what is that per year (52 weeks)?
Show the answer
$936
$4.50 × 4 = $18 a week. $18 × 52 = $936.
Write down what you think you spent on dining out last month. Then total the receipts and compare.
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