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This quiz consists of 5 multiple choice and 5 short answer questions through Chapter 8.

Multiple Choice Questions

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

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

3. What is the most important strategy in following Step 7?
(a) Following a passion.
(b) Conserving life energy.
(c) Choosing a job with high pay.
(d) Reducing monthly expenses.

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

5. Most of the 101 SURE WAYS TO SAVE MONEY have what added benefit?
(a) They delay retirement.
(b) They improve career options.
(c) They are good for the planet.
(d) They increase hourly wage.

Short Answer Questions

1. Why are vacations considered to be a work expense?

2. Why are expensive convenience foods considered to be a work expense?

3. What will eventually run out?

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

5. What should frugal people research before purchasing items?

(see the answer key)

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