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This quiz consists of 5 multiple choice and 5 short answer questions through Chapter 9.

Multiple Choice Questions

1. What allows people to enjoy their planet, community, and spirituality more than ever before?
(a) Retirement.
(b) Living frugally.
(c) Taking more vacations.
(d) Being green.

2. What is a cushion?
(a) Money set aside for inflation.
(b) A lump of money to cover emergencies or unexpected large expenses.
(c) Money set aside for paying taxes.
(d) Monthly income multiplied by 2.

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(d) Some categories may be out of date.

4. What is the best thing to do with the interest received?
(a) Purchase a larger home as a hedge against inflation.
(b) Put the money under a mattress for a rainy day.
(c) Reinvest it.
(d) Purchase rental properties.

5. What do the authors warn job-hunters to avoid?
(a) Spending a lot of money on schemes to find the perfect job.
(b) Taking a job too closely connected to a hobby or passion.
(c) Taking a job that requires relocation.
(d) Taking the first offer that comes along.

Short Answer Questions

1. Why do many people give up time with family, working on hobbies, and fulfilling dreams?

2. When should a cushion be saved and set aside?

3. How often should people total their income and expenses?

4. Under which category does money paid to employ servants and service workers fall?

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

(see the answer key)

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