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

Multiple Choice Questions

1. The charts shown in the book for single people and couples are meant to be used how?
(a) As inspiration.
(b) As a family budget.
(c) As strict guides.
(d) As tax records.

2. What is the most important strategy in following Step 7?
(a) Reducing monthly expenses.
(b) Choosing a job with high pay.
(c) Following a passion.
(d) Conserving life energy.

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

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

5. The top number on the y-axis should be at least how large?
(a) Twice as large as the participant's expected expenses.
(b) Twice as large as the participant's expected income.
(c) Equal to the participant's expected income.
(d) Three times as large as the participant's expected income.

Short Answer Questions

1. What encourages family, friends, and neighbors to support the participant's goals in following this program?

2. What is budgeting similar to?

3. What should a participant plot on their wall chart each month?

4. Why are small, specific categories recommended over traditional, broad categories?

5. How does the realization that not all work is paid add life to retirement?

(see the answer key)

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