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

Multiple Choice Questions

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

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

3. What is the real amount of life energy?
(a) The number of years remaining in an average lifetime.
(b) Number of hours worked minus number of hours at leisure.
(c) The real number of hours of life used to make purchases.
(d) Total energy spent per week.

4. Where do values come from?
(a) Saving money.
(b) Bargain hunting.
(c) Beliefs.
(d) Working harder.

5. What is Step 6?
(a) Minimizing spending.
(b) Planning for retirement.
(c) Creating a wall chart.
(d) Determining net worth.

Short Answer Questions

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

2. Why do people buy more than they need?

3. What will eventually run out?

4. What are two tips for reducing transportation expenses?

5. The charts shown in the book for single people and couples are meant to be used how?

(see the answer key)

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