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