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This quiz consists of 5 multiple choice and 5 short answer questions through Chapter 8.

Multiple Choice Questions

1. People should have enough savings to cover expenses for how long?
(a) Four months.
(b) Six months.
(c) Nine months.
(d) One year.

2. In the 101 SURE WAYS TO SAVE MONEY section, what do the authors advise people to do in order to save on housing?
(a) Consider non-traditional housing.
(b) Buy a larger home as a hedge against inflation.
(c) Avoid non-traditional housing.
(d) Buy and manage multiple rental properties.

3. What are comforts, as defined in Chapter 1?
(a) Emotional support.
(b) Employment and financial security.
(c) Pillows and mattresses.
(d) Things people really enjoy.

4. What two addictions are compared in Chapter 3?
(a) Overspending and gambling.
(b) Overeating and overspending.
(c) Alcoholism and smoking.
(d) Gambling and shopping.

5. What do people earn money by trading?
(a) Life energy.
(b) Excess possessions.
(c) Stocks and bonds.
(d) Job skills.

Short Answer Questions

1. What does the amount spent divided by real hourly wage equal?

2. What is the main purpose of the wall chart?

3. What must a person do to become financially independent?

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

5. What should people be willing to do?

(see the answer key)

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