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

Multiple Choice Questions

1. For Question 1, what should be written in the chart if just enough was spent on an item?
(a) A plus.
(b) A zero.
(c) A minus.
(d) A check.

2. Why do people buy more than they need?
(a) To fight inflation.
(b) To donate to charity.
(c) Survival instinct.
(d) Greed.

3. What is the term for the unnecessary things, activities, and noise in our lives?
(a) Luxuries.
(b) Comforts.
(c) Clutter.
(d) Security.

4. The wall chart's time span is a rough deadline for what?
(a) Achieving financial independence.
(b) Finding a new career.
(c) Retirement.
(d) Finding a life purpose.

5. What is Step 1, Part 1 of the program?
(a) Determine how much money has been earned so far in a lifetime.
(b) Declutter the garage and basement.
(c) List everything owned.
(d) Determine net worth.

Short Answer Questions

1. How should people reduce spending?

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

3. What are "gazingus pins?"

4. Which perspective is feeling connected to a certain social class part of?

5. What do the authors suggest that people divide their spending into?

(see the answer key)

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