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

Multiple Choice Questions

1. Why should readers not use premade categories from other budget books?
(a) Other budget books are inferior.
(b) Everyone has different spending habits.
(c) Some categories are difficult to track.
(d) Some categories may be out of date.

2. Each person has only a limited amount of what?
(a) Emotional energy.
(b) Intrinsic value.
(c) Life energy.
(d) Money.

3. In Question 2, what must participants ask if each expenditure is in alignment with?
(a) Their values and life purpose.
(b) Hours spent at work.
(c) Statistical norms.
(d) Family needs.

4. Question 1 is answered with a plus sign under what circumstance?
(a) If income is greater than expenses for the month.
(b) If the expenditure was worth the life energy spent.
(c) If the purchase was work-related.
(d) If the expenditure was a necessity.

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

Short Answer Questions

1. What do most people claim to value more than money?

2. What is the term for the unnecessary things, activities, and noise in our lives?

3. If people stop buying any extras at all, what are they in danger of doing?

4. What attitude do the authors want readers to carry?

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

(see the answer key)

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