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This quiz consists of 5 multiple choice and 5 short answer questions through Chapter 6.

Multiple Choice Questions

1. What is one sure way to save money?
(a) Find alternative housing.
(b) Find a higher-paying job.
(c) Stop trying to impress other people.
(d) Retire early.

2. Which perspective is feeling connected to a certain social class part of?
(a) Cultural.
(b) Personal responsibility and transformation.
(c) Emotional and psychological.
(d) Life energy.

3. The charts shown in the book for single people and couples are meant to be used how?
(a) As a family budget.
(b) As inspiration.
(c) As strict guides.
(d) As tax records.

4. How should people handle unusual extra expenses?
(a) Try to obtain a higher-paying job.
(b) Obtain a designated credit card.
(c) Pay with cash or try to spread the expense out over several months.
(d) Obtain a home equity loan.

5. For Question 3 under what circumstance would one enter a minus sign on the chart?
(a) If that expense category will most likely be reduced after retirement.
(b) If the expense category will most likely cease after retirement.
(c) If monthly expenses exceed monthly income.
(d) If the expense category does not fit with values.

Short Answer Questions

1. What are piggy banks and cookie jars examples of?

2. What should people do as soon as possible?

3. What is Step 6?

4. How is net worth determined?

5. What does Question 1 help people figure out?

(see the answer key)

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