View a FREE sample

This quiz consists of 5 multiple choice and 5 short answer questions through Chapter 8.

Multiple Choice Questions

1. People should have enough savings to cover expenses for how long?
(a) Four months.
(b) One year.
(c) Six months.
(d) Nine months.

2. What are two tips for reducing transportation expenses?
(a) Buying a new car and learning to do basic auto maintenance.
(b) Retiring early and buying a new car.
(c) Walking to do local errands and retiring early.
(d) Walking to do local errands and learning to do basic auto maintenance.

3. What are dreams good clues to?
(a) Employment options.
(b) The future.
(c) Values, purpose, and life mission.
(d) Hours slept per night.

4. Some people reach the top of their profession and make good money, yet are still not what?
(a) Happy.
(b) Wealthy.
(c) Married.
(d) Secure.

5. What is the best method of choosing which expenses to reduce or eliminate?
(a) Use answers to the three questions from Chapter 3.
(b) Use answers to the three questions from Chapter 4.
(c) Compare income to expenses on the wall chart.
(d) Add up the plusses and minuses on the monthly chart.

Short Answer Questions

1. What must a person do to become financially independent?

2. On average, what do Americans have less of than ever before?

3. What items are included in everything owned?

4. What usually happens after a person retires from their job?

5. Why should people ask themselves how they can help others to avoid pain they have experienced?

(see the answer key)

This section contains 307 words (approx. 2 pages at 300 words per page) View a FREE sample