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Name: _________________________ | Period: ___________________ |
This quiz consists of 5 multiple choice and 5 short answer questions through Chapter 7.
Multiple Choice Questions
1. Why should readers not use premade categories from other budget books?
(a) Some categories may be out of date.
(b) Other budget books are inferior.
(c) Everyone has different spending habits.
(d) Some categories are difficult to track.
2. What should be included in the "miscellaneous" category?
(a) Nothing.
(b) Items purchased less than once a month.
(c) Items under $10.
(d) Gazingus pins.
3. What are piggy banks and cookie jars examples of?
(a) Items too fragile to hold anything but paper money.
(b) Symbols to place next to money-saving items in a monthly chart.
(c) Places where a person should never keep money.
(d) Savings categories.
4. If people earn more than the minimum needed to pay bills, what should they do with the extra money?
(a) Splurge on a luxury.
(b) Donate to charity.
(c) Purchase rental properties.
(d) Save it to use later in the program for investing.
5. Being financially independent requires what?
(a) Earning life energy.
(b) Having savings and no debt.
(c) Inheriting a large estate.
(d) Retirement.
Short Answer Questions
1. What should people do about unusual extra expenses, such as medical bills or birthday parties?
2. Where do the authors recommend finding job-hunting advice?
3. People should have enough savings to cover expenses for how long?
4. What encourages family, friends, and neighbors to support the participant's goals in following this program?
5. What should participants do if they don't make a living from their passion?
This section contains 303 words (approx. 2 pages at 300 words per page) |
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