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How to cut the costs of home ownership - Exam
Contributed by: Simpson
  • 1. What is a major way to reduce your mortgage costs?
A) Buy more furniture
B) Skip home maintenance
C) Refinance your mortgage
D) Increase utility usage
  • 2. Which of these helps lower property taxes?
A) Ignore tax bills
B) Donate to political campaigns
C) Appeal your property tax assessment
D) Over-improve your home
  • 3. How can you save on home insurance?
A) Never file claims
B) Buy the cheapest policy regardless of coverage
C) Increase your risks
D) Shop around for quotes annually
  • 4. What's a smart way to reduce energy bills?
A) Improve insulation
B) Open all windows in winter
C) Run appliances during peak hours
D) Use incandescent bulbs only
  • 5. How can you save on water bills?
A) Water your lawn daily regardless of rain
B) Leave the tap running while brushing teeth
C) Ignore leaky faucets
D) Install low-flow showerheads
  • 6. Which of these is NOT a good way to save money on home repairs?
A) Get multiple quotes
B) Always hire the most expensive contractor
C) Negotiate prices
D) DIY small repairs
  • 7. What can you do to reduce lawn care costs?
A) Use excessive amounts of fertilizer
B) Ignore weeds
C) Maintain your own lawn
D) Hire a landscaping company for everything
  • 8. How can you save on cleaning supplies?
A) Clean infrequently
B) Buy expensive, brand-name products
C) Make your own cleaning solutions
D) Use disposable wipes for everything
  • 9. What's a good way to manage your home budget?
A) Spend impulsively
B) Ignore bills
C) Avoid budgeting entirely
D) Track your expenses
  • 10. How can you generate income from your home?
A) Ignore zoning laws
B) Destroy your yard
C) Rent out a spare room
D) Neglect maintenance
  • 11. Which smart home device helps save energy?
A) Old refrigerator
B) Smart thermostat
C) Regular toaster
D) Dumb doorbell
  • 12. What's a good way to find affordable furniture?
A) Never negotiate prices
B) Always buy new, expensive furniture
C) Shop at thrift stores
D) Ignore furniture sales
  • 13. How can you reduce your cable bill?
A) Ignore cheaper internet options
B) Cut the cord and stream content
C) Never negotiate with your provider
D) Add more premium channels
  • 14. What's a good way to save on landscaping?
A) Plant native plants
B) Use excessive water
C) Ignore the local climate
D) Plant exotic, high-maintenance species
  • 15. What can you do with rainwater to save money?
A) Collect it for watering plants
B) Let it flood your basement
C) Contaminate it with chemicals
D) Pour it down the drain
  • 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) Never maintain your car
B) Walk or bike for short trips
C) Buy a gas-guzzling vehicle
D) Drive everywhere regardless of distance
  • 18. What is a good way to reduce waste and save money?
A) Ignoring recycling programs
B) Composting food scraps
C) Buying single-use items
D) Throwing everything away
  • 19. How can you save on holiday decorations?
A) Make your own decorations
B) Overspend on expensive decorations
C) Buy new decorations every year
D) Never reuse decorations
  • 20. What type of lighting is most energy-efficient?
A) Incandescent lighting
B) Candles
C) Halogen lighting
D) LED lighting
  • 21. How can you reduce your grocery bill?
A) Buy a lot of snacks
B) Ignore sales and coupons
C) Shop when hungry
D) Plan your meals and make a list
  • 22. What's a good way to maintain appliances for longer lifespan?
A) Never cleaning them
B) Regular cleaning and maintenance
C) Overloading them
D) Ignoring any problems
  • 23. What is a home warranty?
A) A loan product for buying a home
B) A free vacation giveaway
C) Service contract covering appliance/system repairs
D) A type of house paint
  • 24. How can a homeowner reduce their carbon footprint?
A) Install solar panels
B) Increase energy consumption
C) Ignore environmental concerns
D) Burn excessive fossil fuels
  • 25. What is one way to save on home security costs?
A) Tell everyone your vacation plans
B) Avoid home security measures
C) Leave doors unlocked
D) Install a DIY security system
  • 26. How can you save money on heating costs in the winter?
A) Ignore insulation problems
B) Seal drafts around windows and doors
C) Set the thermostat to the highest setting
D) Open windows to let in the cold air
  • 27. What is one way to save on cooling costs in the summer?
A) Keep curtains open during the day
B) Use ceiling fans to circulate air
C) Never use fans
D) Set the thermostat to the lowest setting
  • 28. How can you save money on pest control?
A) Never clean your house
B) Leave food out in the open
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) 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 cause appliances to use more power
B) They reduce vampire energy consumption
C) They increase appliance lifespan
D) They're purely for decoration
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