1. What makes the difference between a good life and a great life?
(a) Contributing money, energy, or time after having enough.
(b) Having more leisure time than work time.
(c) A good job or a great job.
(d) Being poor versus being rich.

2. What does Question 1 help people figure out?
(a) How they could increase or decrease spending to feel more fulfilled.
(b) How to eliminate debt.
(c) How to choose a new career.
(d) How to increase income.

3. Why should clothing be broken down into smaller categories, such as informal, work, sports, etc.?
(a) To allow for a greater volume of work-related purchases.
(b) To encourage donations of older clothes to charity.
(c) To encourage participation in sports.
(d) To avoid purchases that are worn only once.

4. What is the purpose of dividing income and expenses into categories?
(a) To judge whether expenses are worth the life energy spent.
(b) To decide if a career change is warranted.
(c) To determine net worth.
(d) To determine if enough money will be available for retirement.

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

Short Answer Questions

1. If people spend half of their time sleeping, eating, and doing everything necessary for maintaining their bodies, then the other half is available for what?

2. What broad category are alcohol and tobacco subcategories of?

3. How many perspectives of money are there?

4. How often should people total their income and expenses?

5. What are "gazingus pins?"

(see the answer key)

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