Budgeting test questions

1

Calculate the total monthly expenditure from the table below.

Mortgage\[£350\]
Gas/electricity\[£75\]
Council tax\[£70\]
TV, phone and broadband\[£43\]
House insurance\[£34\]

2

The Watters family holiday costs \(\pounds2670\).

They decide to save equal amounts each month for the next 10 months to cover the cost.

How much will they save each month?

3

The cost for a holiday can be broken down as follows:

flights and hotel rooms - \(\pounds3200\)

meals and excursions - \(\pounds1050\)

holiday insurance, taxis and car hire - \(\pounds423\)

Calculate the total cost of the holiday.

4

The cost of the hotel rooms has increased by \(20\%\) since last year.

Last year the hotel rooms cost \(\pounds850\) to stay for two weeks.

What is the cost this year for a two weeks stay in the hotel rooms?

5

The Watters family has a total monthly expenditure of \(\pounds 1436\).

Their total monthly income is \(\pounds1954\).

Calculate their disposable income.