Quiz – Reduce Bills Today

Question 1 of 6

1. Question

The capsule says most people save what percentage on recurring expenses by taking action?

1 to 5 percent

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15 to 25 percent

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50 to 60 percent

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80 to 90 percent

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Question 2 of 6

2. Question

What is the first step to reducing bills?

Cancel everything immediately

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Conduct a thorough audit of your bills

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Borrow money to cover them

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Ignore your statements

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Question 3 of 6

3. Question

How many months of bills should you gather for the audit?

One month

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Three months

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Twelve months

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Twenty-four months

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Question 4 of 6

4. Question

Which bills offer the biggest savings potential?

Your three largest bills

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Only the smallest bills

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Bills already cancelled

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Cash purchases

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Question 5 of 6

5. Question

Match each step of reducing bills to its action.

Sort elements

Gather bills from the past three months
Identify fixed versus variable expenses
Target the three largest bills
Document before contacting providers

Audit

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Analyze

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Prioritize

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Prepare

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Question 6 of 6

6. Question

Leo reviews his statements and finds he is paying for two streaming services he forgot about, plus a duplicate insurance charge. Based on the capsule, what should he do with these findings?

Immediately negotiate his mortgage instead

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Treat them as audit findings to cut or cancel

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Ignore them since they seem small

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Take out a loan to cover them

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