How to cut the costs of home ownership - Exam
  • 1. What is a major way to reduce your mortgage costs?
A) Skip home maintenance
B) Buy more furniture
C) Increase utility usage
D) Refinance your mortgage
  • 2. Which of these helps lower property taxes?
A) Donate to political campaigns
B) Ignore tax bills
C) Over-improve your home
D) Appeal your property tax assessment
  • 3. How can you save on home insurance?
A) Increase your risks
B) Never file claims
C) Shop around for quotes annually
D) Buy the cheapest policy regardless of coverage
  • 4. What's a smart way to reduce energy bills?
A) Run appliances during peak hours
B) Use incandescent bulbs only
C) Open all windows in winter
D) Improve insulation
  • 5. How can you save on water bills?
A) Install low-flow showerheads
B) Leave the tap running while brushing teeth
C) Water your lawn daily regardless of rain
D) Ignore leaky faucets
  • 6. Which of these is NOT a good way to save money on home repairs?
A) DIY small repairs
B) Get multiple quotes
C) Always hire the most expensive contractor
D) Negotiate prices
  • 7. What can you do to reduce lawn care costs?
A) Hire a landscaping company for everything
B) Ignore weeds
C) Use excessive amounts of fertilizer
D) Maintain your own lawn
  • 8. How can you save on cleaning supplies?
A) Use disposable wipes for everything
B) Clean infrequently
C) Make your own cleaning solutions
D) Buy expensive, brand-name products
  • 9. What's a good way to manage your home budget?
A) Ignore bills
B) Avoid budgeting entirely
C) Track your expenses
D) Spend impulsively
  • 10. How can you generate income from your home?
A) Rent out a spare room
B) Destroy your yard
C) Ignore zoning laws
D) Neglect maintenance
  • 11. Which smart home device helps save energy?
A) Regular toaster
B) Dumb doorbell
C) Smart thermostat
D) Old refrigerator
  • 12. What's a good way to find affordable furniture?
A) Ignore furniture sales
B) Never negotiate prices
C) Always buy new, expensive furniture
D) Shop at thrift stores
  • 13. How can you reduce your cable bill?
A) Cut the cord and stream content
B) Never negotiate with your provider
C) Add more premium channels
D) Ignore cheaper internet options
  • 14. What's a good way to save on landscaping?
A) Plant exotic, high-maintenance species
B) Ignore the local climate
C) Plant native plants
D) Use excessive water
  • 15. What can you do with rainwater to save money?
A) Collect it for watering plants
B) Let it flood your basement
C) Pour it down the drain
D) Contaminate it with chemicals
  • 16. Which home improvement project typically has a good ROI?
A) Adding a bowling alley
B) Kitchen or bathroom remodel
C) Painting your house neon pink
D) Installing a gold-plated toilet
  • 17. How can you save on transportation costs?
A) Drive everywhere regardless of distance
B) Never maintain your car
C) Walk or bike for short trips
D) Buy a gas-guzzling vehicle
  • 18. What is a good way to reduce waste and save money?
A) Ignoring recycling programs
B) Throwing everything away
C) Buying single-use items
D) Composting food scraps
  • 19. How can you save on holiday decorations?
A) Buy new decorations every year
B) Overspend on expensive decorations
C) Never reuse decorations
D) Make your own decorations
  • 20. What type of lighting is most energy-efficient?
A) Candles
B) Halogen lighting
C) Incandescent lighting
D) LED lighting
  • 21. How can you reduce your grocery bill?
A) Shop when hungry
B) Plan your meals and make a list
C) Ignore sales and coupons
D) Buy a lot of snacks
  • 22. What's a good way to maintain appliances for longer lifespan?
A) Never cleaning them
B) Ignoring any problems
C) Overloading them
D) Regular cleaning and maintenance
  • 23. What is a home warranty?
A) A type of house paint
B) A loan product for buying a home
C) A free vacation giveaway
D) Service contract covering appliance/system repairs
  • 24. How can a homeowner reduce their carbon footprint?
A) Ignore environmental concerns
B) Burn excessive fossil fuels
C) Install solar panels
D) Increase energy consumption
  • 25. What is one way to save on home security costs?
A) Install a DIY security system
B) Avoid home security measures
C) Tell everyone your vacation plans
D) Leave doors unlocked
  • 26. How can you save money on heating costs in the winter?
A) Open windows to let in the cold air
B) Ignore insulation problems
C) Seal drafts around windows and doors
D) Set the thermostat to the highest setting
  • 27. What is one way to save on cooling costs in the summer?
A) Use ceiling fans to circulate air
B) Never use fans
C) Set the thermostat to the lowest setting
D) Keep curtains open during the day
  • 28. How can you save money on pest control?
A) Leave food out in the open
B) Never clean your house
C) Seal cracks and crevices to prevent entry
D) Ignore pest problems until they're severe
  • 29. What is one way to reduce your reliance on professional services?
A) Hire professionals for everything, no matter how small
B) Learn basic home repair skills
C) Ignore necessary repairs
D) Attempt complex repairs without knowledge
  • 30. How do smart plugs help reduce costs?
A) They reduce vampire energy consumption
B) They cause appliances to use more power
C) They increase appliance lifespan
D) They're purely for decoration
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