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This test consists of 5 multiple choice questions, 5 short answer questions, and 10 short essay questions.

Multiple Choice Questions

1. What does the physical perspective of money include?
(a) Balancing a checkbook.
(b) Using PIN numbers.
(c) Gold.
(d) Personal responsibility and transformation.

2. Why are small, specific categories recommended over traditional, broad categories?
(a) Specific categories are easier to place on a chart.
(b) Broad categories cost more life energy.
(c) Smaller categories allow people to determine which purchases bring only temporary happiness.
(d) Broad categories work only for high-income individuals.

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

4. Why should people ask themselves how they can help others to avoid pain they have experienced?
(a) To take their minds off their financial issues.
(b) To determine their real purpose in life.
(c) To reduce stress.
(d) To find a new career option.

5. How is a real hourly wage figured?
(a) Divide real pay by real hours worked.
(b) Divide real pay by actual hours worked.
(c) Divide real hours worked by real pay.
(d) Divide real hours worked by work expenses.

Short Answer Questions

1. What should be included in the "miscellaneous" category?

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

3. Why should clothing be broken down into smaller categories, such as informal, work, sports, etc.?

4. What items are included in everything owned?

5. What are "gazingus pins?"

Short Essay Questions

1. What is the second part of Step 1? What attitude should participants try to maintain when they see their result?

2. Where does the "rat race" come from?

3. What is the first part of Step 1? What is its purpose?

4. What perspective of money do the authors endorse? Why?

5. For Step 4, what is the first question program participants should ask, regarding every expense on their chart? How does the chart answer the question?

6. What do the two parts of Step 2 allow program participants to track?

7. For Step 4, what is the third question program participants should ask, regarding every expense on their chart? What does this question prompt people to do?

8. What are the three perspectives of money the authors ask program participants to reject? Include brief descriptions.

9. What is the first part of Step 2? How is this accomplished?

10. Why do many people give up on their dreams early in life?

(see the answer keys)

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