Money Habits Check | FinTrex

Quiz progress0 / 10 answered

Question 1 of 10

What is a useful first step when building a budget?

Use actual income and spending recordsGuess every category from memoryIgnore irregular billsChoose an investment return first

Question 2 of 10

What is the main purpose of an emergency fund?

To cover unplanned expenses or income disruptionTo guarantee investment gainsTo replace insurance in every caseTo maximise credit-card rewards

Question 3 of 10

Why review subscriptions and recurring charges?

To identify services that no longer justify their costTo make payments harder to trackTo increase every billTo avoid comparing prices

Question 4 of 10

Which debt usually deserves close attention?

High-interest debt that compounds quicklyA zero balanceA fully paid invoiceA cancelled card with no balance

Question 5 of 10

What does 'pay yourself first' usually mean?

Move a planned amount to savings before discretionary spendingBuy a reward before paying billsIgnore required paymentsUse cash only

Question 6 of 10

Why can automatic transfers help saving?

They make the desired action repeat without relying on memory each monthThey guarantee a high returnThey remove all bank feesThey prevent emergencies

Question 7 of 10

Why separate needs, obligations and discretionary spending?

It helps identify what can be adjusted when cash flow becomes tightIt makes income largerIt removes taxesIt guarantees a budget surplus

Question 8 of 10

When should a financial plan be reviewed?

NeverOnly after retirementAt regular intervals and when circumstances changeOnly when markets rise

Question 9 of 10

What is a sensible approach to a windfall?

Consider goals, debts, reserves and taxes before spending it allAssume it will happen every yearImmediately raise all recurring expensesIgnore existing obligations

Question 10 of 10

Which habit best improves visibility over cash flow?

Reviewing account activity and planned bills regularlyChecking only once a yearIgnoring small recurring paymentsTracking assets but never expenses