View a FREE sample

This quiz consists of 5 multiple choice and 5 short answer questions through Chapter 7.

Multiple Choice Questions

1. A line should be drawn connecting the current month's income to what?
(a) The previous month's income.
(b) The previous month's expenses.
(c) The current month's expenses.
(d) The previous year's income.

2. What should people do about unusual extra expenses, such as medical bills or birthday parties?
(a) Avoid them whenever possible.
(b) Categorize them as "gazingus pins."
(c) Create an extra chart to track them.
(d) Accept them as a normal part of financial life.

3. What do the authors suggest that people divide their spending into?
(a) Categories that make sense for them.
(b) Three columns.
(c) Categories defined in Chapter 3.
(d) Categories determined by life energy.

4. What is the real amount of life energy?
(a) Number of hours worked minus number of hours at leisure.
(b) The number of years remaining in an average lifetime.
(c) Total energy spent per week.
(d) The real number of hours of life used to make purchases.

5. If people stop buying any extras at all, what are they in danger of doing?
(a) Buying twice as much the following month.
(b) Returning to their old habits.
(c) Running out of room on the wall chart.
(d) Losing life energy.

Short Answer Questions

1. Where do the authors recommend finding job-hunting advice?

2. Prestige, status, and power can be reasons for what?

3. What can cause some people to stop buying any extras at all, after starting to use the wall chart?

4. The wall chart's time span is a rough deadline for what?

5. What is the final part of Step 3?

(see the answer key)

This section contains 320 words (approx. 2 pages at 300 words per page) View a FREE sample