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This test consists of 15 multiple choice questions and 5 short answer questions.

Multiple Choice Questions

1. What should participants do if the answer to Question 2 is "no" for a particular item?
(a) Either change actions to align with values or change values to align with actions.
(b) Find a new career path.
(c) Donate the item to charity.
(d) Find a new life purpose.

2. Why do people buy more than they need?
(a) To donate to charity.
(b) Survival instinct.
(c) To fight inflation.
(d) Greed.

3. What does Chapter 4 help people to figure out?
(a) How to increase income.
(b) How to reduce expenses.
(c) How to save life energy.
(d) What is fulfilling for them.

4. Which of the following does the emotional and psychological perspective of money include?
(a) Fear of unemployment.
(b) Personal responsibility.
(c) The tendency to spend quickly or cautiously.
(d) Using credit cards.

5. What makes the difference between a good life and a great life?
(a) Being poor versus being rich.
(b) A good job or a great job.
(c) Contributing money, energy, or time after having enough.
(d) Having more leisure time than work time.

6. On average, what do Americans have less of than ever before?
(a) Children.
(b) Debt.
(c) Savings.
(d) Education.

7. People strive to buy and earn more than they need to live at the peak of their fulfillment curve due to which perspective of money?
(a) Cultural.
(b) Greed.
(c) Emotional and psychological.
(d) Intrinsic value.

8. What does Question 2 help people to figure out?
(a) How will expenses change after retirement?
(b) How well they are doing at moving toward their purpose.
(c) Whether income exceeds expenses.
(d) Life energy spent.

9. What are piggy banks and cookie jars examples of?
(a) Savings categories.
(b) Symbols to place next to money-saving items in a monthly chart.
(c) Places where a person should never keep money.
(d) Items too fragile to hold anything but paper money.

10. People should spend only until they are fulfilled, just as they should do what?
(a) Gamble within a preset limit.
(b) Drink in moderation.
(c) Work only until they feel fulfilled.
(d) Eat only until they are full.

11. What will eventually run out?
(a) Time and money.
(b) Social Security.
(c) Job growth.
(d) The earth's resources.

12. What must people do in order to make Step 3 work?
(a) Work more hours.
(b) Reduce spending.
(c) Be as truthful as possible.
(d) Work fewer hours.

13. For Question 3 under what circumstance would one enter a minus sign on the chart?
(a) If that expense category will most likely be reduced after retirement.
(b) If the expense category does not fit with values.
(c) If monthly expenses exceed monthly income.
(d) If the expense category will most likely cease after retirement.

14. What two addictions are compared in Chapter 3?
(a) Alcoholism and smoking.
(b) Overeating and overspending.
(c) Overspending and gambling.
(d) Gambling and shopping.

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

Short Answer Questions

1. What is a possible advantage of switching to a lower-paying job?

2. What is budgeting similar to?

3. What broad category are alcohol and tobacco subcategories of?

4. Which perspective of money should readers embrace?

5. Which perspective is the notion of "keeping up with the neighbors" part of?

(see the answer keys)

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