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

Multiple Choice Questions

1. Why should people not budget their money?
(a) Budgeters are inclined to mathematical error.
(b) Budgeting increases spending.
(c) Budgeters feel as if they are giving up something they love.
(d) Budgeting takes time away from family activities.

2. What do the authors warn job-hunters to avoid?
(a) Spending a lot of money on schemes to find the perfect job.
(b) Taking a job that requires relocation.
(c) Taking the first offer that comes along.
(d) Taking a job too closely connected to a hobby or passion.

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

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

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

Short Answer Questions

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

2. What should the amount started with at the beginning of the month, plus total income, minus total expenses equal?

3. What is the true definition of work?

4. Which of the following is the one and only thing that a job should be about?

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

(see the answer key)

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