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This quiz consists of 5 multiple choice and 5 short answer questions through Chapter 3.

Multiple Choice Questions

1. Why should people not budget their money?
(a) Budgeters feel as if they are giving up something they love.
(b) Budgeting increases spending.
(c) Budgeters are inclined to mathematical error.
(d) Budgeting takes time away from family activities.

2. What two addictions are compared in Chapter 3?
(a) Gambling and shopping.
(b) Overspending and gambling.
(c) Alcoholism and smoking.
(d) Overeating and overspending.

3. What do the authors suggest that people divide their spending into?
(a) Categories determined by life energy.
(b) Categories defined in Chapter 3.
(c) Categories that make sense for them.
(d) Three columns.

4. What do advertisements teach Americans?
(a) Relax, relax, and relax some more.
(b) Work, work, and work some more.
(c) Consume, consume, and comsume some more.
(d) Buy low, sell high.

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

Short Answer Questions

1. What are comforts, as defined in Chapter 1?

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

3. How is net worth determined?

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

5. Which perspective is the notion of "keeping up with the neighbors" part of?

(see the answer key)

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