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This test consists of 5 short answer questions, 10 short essay questions, and 1 (of 3) essay topics.

Short Answer Questions

1. What is one difference a frugal person should consider when choosing between two similar vehicles?

2. What is the main pitfall of combining work with true passion or enjoyment?

3. What should people do as soon as possible?

4. How should program participants adjust their medical insurance?

5. What may reaching the crossover point cause participants to do?

Short Essay Questions

1. What is a "cushion?" What are the advantages of having a cushion?

2. Describe the nature of 101 SURE WAYS TO SAVE MONEY.

3. How do peoples' words cause them to identify themselves personally with their jobs? Why is this a problem?

4. What span of time should the wall chart cover? Why?

5. What do many people try to get from other jobs, other than a paycheck?

6. What are 1,001 SURE WAYS TO SAVE MONEY?

7. What is ONE SURE WAY TO SAVE MONEY?

8. What are 1,000,001 SURE WAYS TO SAVE MONEY?

9. How should investment income be tracked on the wall chart? What is the significance of this number?

10. Describe the process of creating the wall chart.

Essay Topics

Write an essay for ONE of the following topics:

Essay Topic 1

Expand upon the authors' comparison between budgeting and dieting. Why are honest record-keeping and frugality better tools for managing finances than a budget? What terms would parallel record keeping and frugality, in terms of managing food intake?

Essay Topic 2

What is the difference between a cushion and a cache? Is one more desirable than the other is? Which will a program participant obtain first?

Essay Topic 3

What are the main issues and difficulties encountered by program participants when charting and categorizing expenses? How should program participants strike a balance between having too few categories, which inhibits evaluation and elimination of items, and having too many categories, which creates complication and tedium?

(see the answer keys)

This section contains 818 words (approx. 3 pages at 300 words per page) View a FREE sample