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This test consists of 15 multiple choice questions and 5 short answer questions.

Multiple Choice Questions

1. Why should clothing be broken down into smaller categories, such as informal, work, sports, etc.?
(a) To avoid purchases that are worn only once.
(b) To encourage participation in sports.
(c) To allow for a greater volume of work-related purchases.
(d) To encourage donations of older clothes to charity.

2. What does Question 1 help people figure out?
(a) How to eliminate debt.
(b) How to choose a new career.
(c) How to increase income.
(d) How they could increase or decrease spending to feel more fulfilled.

3. Earning, saving, and spending money are part of which perspective?
(a) Physical.
(b) Emotional and psychological.
(c) Inflation.
(d) Life energy.

4. What does Question 2 help people to figure out?
(a) How will expenses change after retirement?
(b) How well they are doing at moving toward their purpose.
(c) Life energy spent.
(d) Whether income exceeds expenses.

5. What makes the difference between a good life and a great life?
(a) Contributing money, energy, or time after having enough.
(b) Being poor versus being rich.
(c) Having more leisure time than work time.
(d) A good job or a great job.

6. What causes people to believe that "growth is good" and "more is better?"
(a) Emotional and psychological perspective of money.
(b) Intrinsic value of money.
(c) Fear of inflation, recession, and depression.
(d) Personal responsibility.

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

8. Why do people buy more than they need?
(a) Survival instinct.
(b) To fight inflation.
(c) Greed.
(d) To donate to charity.

9. On average, what do Americans have more of than ever before?
(a) Children.
(b) Debt.
(c) Education.
(d) Savings.

10. According to many Americans, what is considered a sin?
(a) Just sitting around and enjoying life.
(b) Working too much.
(c) Buying low, selling high.
(d) Spending too much.

11. What is Step 1, Part 1 of the program?
(a) Determine net worth.
(b) Declutter the garage and basement.
(c) Determine how much money has been earned so far in a lifetime.
(d) List everything owned.

12. What is the key to good spending habits?
(a) Full contentment.
(b) Full compulsion.
(c) Full consciousness.
(d) Full complacency.

13. What are bare necessities, as defined in Chapter 1?
(a) All items needed to meet basic physical needs.
(b) Everything owned by an individual.
(c) Food and water.
(d) A house and car.

14. What is one of the main economic principles most businesses follow?
(a) Technology is good.
(b) Growth is good.
(c) Going green is good.
(d) Debt is good.

15. What are "gazingus pins?"
(a) Clips to attach spending charts to refrigerators or bulletin boards.
(b) Pins to attach to a spending chart to indicate unnecessary expenses.
(c) Any items the reader has an unreasonable amount of, due to habitual shopping.
(d) Larger-than-standard pins.

Short Answer Questions

1. What is the second half of Step 2?

2. How should people reduce spending?

3. What is an important aspect of the second half of Step 2?

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

5. Why should people ask themselves how they can help others to avoid pain they have experienced?

(see the answer keys)

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