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  • Aug 30, 2014
  • Updated: 8:58pm

quiz time

PUBLISHED : Monday, 24 November, 2008, 12:00am
UPDATED : Monday, 24 November, 2008, 12:00am

Matching game

1. consolidate

2. allowance

3. net worth

4. accountant

5. receipt

6. spreadsheet

a. wealth minus debts

b. a table with rows and columns for recording financial data

c. to add up several financial numbers

d. a piece of paper which shows how much you have spent

e. pocket money

f. person in charge of tracking money in a business

Now do this

1 Write down what you think you spend your money on, without tracking. Then track all your expenses for a week. Are you surprised? Is your first estimate in line with what you really spent your money on?

2 Make a spreadsheet that starts with how much money you have, and then carefully track how you spend it every week

3 Does tracking affect your spending habits? Do you now think twice before spending?

Answers

1. c, 2. e, 3. a, 4. f, 5. d, 6. b

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