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

Short Answer Questions

1. What is one sure way to save money?

2. What is the best thing to do with the interest received?

3. If "work" is different from "paid employment," then which of the following is true?

4. Which of the following is the one and only thing that a job should be about?

5. What should a participant plot on their wall chart each month?

Short Essay Questions

1. What is a "cushion?" What are the advantages of having a cushion?

2. Why should the wall chart be displayed where participants can view it easily?

3. What are the advantages of predicting when the crossover point will occur?

4. Why do volunteers often feel more fulfilled than ever before?

5. How should investment income be tracked on the wall chart? What is the significance of this number?

6. What will participants inevitably end up doing if they strive to maximize income and minimize expenses? As a result, what should they do next?

7. Summarize the 10 SURE WAYS TO SAVE MONEY.

8. What span of time should the wall chart cover? Why?

9. How is Step 8 completed? What does it allow program participants to do?

10. What is ONE SURE WAY TO SAVE MONEY?

Essay Topics

Write an essay for ONE of the following topics:

Essay Topic 1

Why should people try their best to get out of debt, when credit cards are readily available? Why should people save a six-month cushion? What is the real meaning of financial independence?

Essay Topic 2

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 3

As expressed by the authors in Chapter 9, what impact would their financial program have on culture, living conditions, the environment, and the economy, if most people followed it? Describe their predictions in detail, referring also to their descriptions in Chapter 1 of ways in which most Americans' current lifestyle is harmful to our culture, living conditions, the environment, and the economy.

(see the answer keys)

This section contains 898 words (approx. 3 pages at 300 words per page) View a FREE sample