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This quiz consists of 5 multiple choice and 5 short answer questions through Chapter 4.

Multiple Choice Questions

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

2. What is the final part of Step 3?
(a) Determining net worth.
(b) Figuring out how much life energy went into each expenditure.
(c) Figuring out how much life energy remains.
(d) Choosing expenses to eliminate.

3. What is the key to good spending habits?
(a) Full complacency.
(b) Full consciousness.
(c) Full compulsion.
(d) Full contentment.

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

5. What might cause readers to feel guilty, after completing Step 1?
(a) Seeing their credit score.
(b) Feeling less successful than their work colleagues.
(c) Seeing how much they owe or how little they have earned.
(d) Spending too much time with family.

Short Answer Questions

1. What do advertisements teach Americans?

2. Some people reach the top of their profession and make good money, yet are still not what?

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

4. What determines mastery of Step 3?

5. What have many people been told by parents and guidance counselors?

(see the answer key)

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