Your Money or Your Life Test | Mid-Book Test - Hard

Joe Dominguez
This set of Lesson Plans consists of approximately 131 pages of tests, essay questions, lessons, and other teaching materials.

Your Money or Your Life Test | Mid-Book Test - Hard

Joe Dominguez
This set of Lesson Plans consists of approximately 131 pages of tests, essay questions, lessons, and other teaching materials.
Buy the Your Money or Your Life Lesson Plans
Name: _________________________ Period: ___________________

This test consists of 5 short answer questions, 10 short essay questions, and 1 (of 3) essay topics.

Short Answer Questions

1. What is Step 1, Part 2 of the program?

2. What is Step 1, Part 1 of the program?

3. People strive to buy and earn more than they need to live at the peak of their fulfillment curve due to which perspective of money?

4. On average, what do Americans have more of than ever before?

5. Why do many people give up on their dreams?

Short Essay Questions

1. For Step 4, what is the second question program participants should ask, regarding every expense on their chart? What is required, before answering this question?

2. What are people's dreams good clues to?

3. Why is it beneficial to be specific with categories, rather than more general?

4. What is the first part of Step 3?

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

6. What should program participants do, rather than create a budget?

7. How should program participants use the charts at the end of Chapter 3?

8. What are some of the not-so-obvious expenses related to a person's work?

9. What is the second half of Step 2? What are the most important aspects of this exercise?

10. 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?

Essay Topics

Write an essay for ONE of the following topics:

Essay Topic 1

Expand upon the authors' comparison between budgeting and dieting. Why are honest record-keeping and frugality better tools for managing finances than a budget? What terms would parallel record keeping and frugality, in terms of managing food intake?

Essay Topic 2

What are the main issues and difficulties encountered by program participants when charting and categorizing expenses? How should program participants strike a balance between having too few categories, which inhibits evaluation and elimination of items, and having too many categories, which creates complication and tedium?

Essay Topic 3

After determining how much money they have ever made and after determining net worth, why do some program participants feel guilty? What advice do the authors offer, for overcoming this guilt? List at least three ways in which success in the financial program would offset guilt.

(see the answer keys)

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