F1.3Budgeting and household expenses – Another very useful way to look at real word examples with regards to household and car expenses. When it comes time to own a car, you will appreciate what you have learnt in this topic.
I'm sure that one day you will move out of home and need to own a car. Does it cost approximately $100 per week to keep a car? That adds up pretty quickly along with other expenses that you many have, especially rent, electricity and water bills if you move out of home.
Learn how all these expenses add up and work out strategies to minimise these day-to-day expenses.
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The diagnostic quiz for Budgeting has been designed for a quick little revision quiz for the whole Budgeting topic. Each sub topic of Budgeting will be covered in the diagnostic quiz.
How to test yourself
Download Quiz The best practice is to use a pen and paper. Use the Download Quiz button to print out the quiz and print it out. There will be plenty of room for working so complete the questions on the paper. This is how the school will give it to you so practice this was as well. You will need to submit your responses online after the quiz is finished but we highly recommend practicing by downloading the quiz.
Complete online If you want to work through the diagnostic quiz "live", click the complete online button. This will give you the questions on the computer screen and you can work through the problem on a sheet of paper. Instantly, you can view the answer and submit your answers.
In both testing cases, you will need to submit your answers online for diagnostics. While both options are available, we recommend you put yourself in the "testing environment" by printing out the quiz.
Why do a Diagnostic Quiz?
Test Understanding - If you have completed the entire topic at school, run through the diagnostic to make sure that you have not forgotton anything
Revision / Test Preparation - The best way to identify which areas to focus on for an upcoming test or school quiz. If you are struggling in a particular subtopic in Budgeting, the diagnostic quiz will pick this up. This means that you can then go back to the topic quizzes and do additional practice in the right area.