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This quiz consists of 5 multiple choice and 5 short answer questions through Chapter 5.

Multiple Choice Questions

1. Why should readers not use premade categories from other budget books?
(a) Some categories may be out of date.
(b) Some categories are difficult to track.
(c) Other budget books are inferior.
(d) Everyone has different spending habits.

2. How should people handle unusual extra expenses?
(a) Obtain a home equity loan.
(b) Obtain a designated credit card.
(c) Try to obtain a higher-paying job.
(d) Pay with cash or try to spread the expense out over several months.

3. What should participants do if the answer to Question 2 is "no" for a particular item?
(a) Find a new life purpose.
(b) Donate the item to charity.
(c) Find a new career path.
(d) Either change actions to align with values or change values to align with actions.

4. What should people do as soon as possible?
(a) Retire.
(b) Get out of debt.
(c) Find supplemental income.
(d) Complete the wall chart.

5. Some people reach the top of their profession and make good money, yet are still not what?
(a) Secure.
(b) Married.
(c) Wealthy.
(d) Happy.

Short Answer Questions

1. What does Question 1 help people figure out?

2. What is the real amount of life energy?

3. What is the final part of Step 3?

4. What is the best method of choosing which expenses to reduce or eliminate?

5. On average, what do Americans have less of than ever before?

(see the answer key)

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