|Name: _________________________||Period: ___________________|
This test consists of 5 short answer questions, 10 short essay questions, and 1 (of 3) essay topics.
Short Answer Questions
1. Earning, saving, and spending money are part of which perspective?
2. On average, what do Americans have less of than ever before?
3. What determines mastery of Step 3?
4. What is the purpose of dividing income and expenses into categories?
5. What is Question 3?
Short Essay Questions
1. For Step 4, what is the first question program participants should ask, regarding every expense on their chart? How does the chart answer the question?
2. How do the authors compare budgeting with dieting?
3. What is the final part of Step 3? How is this accomplished?
4. What are some of the not-so-obvious expenses related to a person's work?
5. How should program participants use the charts at the end of Chapter 3?
6. How does our consumption hurt the environment?
7. What is the first part of Step 1? What is its purpose?
8. What are some examples of recreational expense categories?
9. How does the protestant work ethic influence the behavior of many Americans?
10. Compare a person's typical response to a long-term threat with the typical response to an immediate threat.
Write an essay for ONE of the following topics:
Essay Topic 1
At what point do the authors ask program participants to invest money in order to earn investment income? How should investment income be tracked? How should it be used to lead to financial security or fulfillment?
Essay Topic 2
What, according to the authors, is the difference between frugality and aprovechar? Are there some tips for saving money in the book that few people would be likely to follow? (For example, would most people ever consider selling their home and moving into a motor home, in order to save money?)
Essay Topic 3
After determining how much money they have ever made and after determining net worth, why do some program participants feel guilty? What advice do the authors offer, for overcoming this guilt? List at least three ways in which success in the financial program would offset guilt.
This section contains 769 words
(approx. 3 pages at 300 words per page)