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

Multiple Choice Questions

1. What is the purpose of dividing income and expenses into categories?
(a) To determine net worth.
(b) To determine if enough money will be available for retirement.
(c) To judge whether expenses are worth the life energy spent.
(d) To decide if a career change is warranted.

2. Question 3 asks participants to consider what it would be like to do what?
(a) Eliminate debt.
(b) Find a life mission.
(c) Retire.
(d) Conserve life energy.

3. What three columns should record-keeping include?
(a) Income, expenditures, and hours of life energy spent.
(b) Salary, gifts, and prizes.
(c) Necessities, luxuries, and expenses to eliminate.
(d) Gross income, life energy spent, and expenses to eliminate.

4. What is the final part of Step 3?
(a) Figuring out how much life energy remains.
(b) Determining net worth.
(c) Figuring out how much life energy went into each expenditure.
(d) Choosing expenses to eliminate.

5. What does the amount spent divided by real hourly wage equal?
(a) The real amount of life energy spent.
(b) Money saved at the end of the month.
(c) Net worth.
(d) Total allowable expenses.

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

7. How many perspectives of money are there?
(a) One for each person.
(b) An infinite number.
(c) Four.
(d) Six.

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

9. What causes emptiness?
(a) After buying a new item, the temporary happiness fades.
(b) Losing a job.
(c) After spending time with family, the temporary happiness fades.
(d) Spending too much time on leisure activities.

10. What are comforts, as defined in Chapter 1?
(a) Pillows and mattresses.
(b) Things people really enjoy.
(c) Employment and financial security.
(d) Emotional support.

11. What is the first half of Step 2?
(a) Determine real hourly wage.
(b) Not feeling shame or blame.
(c) Determine net worth.
(d) Determine real hours worked.

12. What are piggy banks and cookie jars examples of?
(a) Items too fragile to hold anything but paper money.
(b) Savings categories.
(c) Places where a person should never keep money.
(d) Symbols to place next to money-saving items in a monthly chart.

13. Attitude toward buying groceries is part of which perspective of money?
(a) Physical.
(b) Emotional and psychological.
(c) Cultural.
(d) Life energy.

14. What is Question 3?
(a) Is income greater than expenses for the month?
(b) How might this expenditure change if I did not have to work for a living?
(c) In how many years will I be able to retire?
(d) What are my dreams?

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

Short Answer Questions

1. Why do people buy more than they need?

2. What broad category are alcohol and tobacco subcategories of?

3. What makes the difference between a good life and a great life?

4. What allows people to enjoy their planet, community, and spirituality more than ever before?

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

(see the answer keys)

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