money and relationship

Question 1

which of the following is false:

• When handling money, it can be difficult to balance who you are with what you should do
• When it comes to relating with others about money, it’s important to also consider their values.
• Being aware of your money personality will help you create a money plan that works for you.
• If you value freedom and spontaneity, you’re more likely to be a saver.

Answer 1

If you value freedom and spontaneity, you’re more likely to be a saver.

Question 2

Since men and women are different, who is supposed to do the financial decision-making in a marriage?

Answer 2

both spouses

Question 3

Communicating with others about money is entirely a matter of the other person hearing and following your wishes. (t/f)

Answer 3

false

Question 4

A written plan gives the single person empowerment, self -accountability, and control.(t/f)

Answer 4

true

Question 5

The quality or state of being responsible, liable, or answerable

Answer 5

accountability

Question 6

Communication, teamwork, and consistency are all important elements in handling family finances.(t/f)

Answer 6

true

Question 7

Cooperative and coordinated effort on the part of a group of persons acting together in the interest of a common goal

Answer 7

teamwok

Question 8

The flow of money in a family represents the ___________ under which that family operates.

Answer 8

value system

Question 9

Which of the following can be a challenge when managing money on your own as a young single adult?

Answer 9

-impusle buying due to lack of an accountability partner
-time proverty and fatigue
-not keeping a written budget
ALL OF THE ABOVE

Question 10

It is easier to manage money when you are accountable to no one.(t/f)

Answer 10

false

Question 11

A situation in which a person is lacking time, which leads to stress

Answer 11

time proverty

Question 12

A person’s priorities, beliefs and standards that affect how he or she views the world

Answer 12

value system

Question 13

If money fights are a problem in a marriage, then money management provides an opportunity to improve a marriage(t/f)

Answer 13

true

Question 14

When it comes to communicating with others about money, you should not:

Answer 14

manipulate

Question 15

The result of achievement toward which effort is directed

Answer 15

goal

Question 16

In a marriage, you are financially accountable to each other(t/f)

Answer 16

true

Question 17

A great way for a young person to avoid making money mistakes is to:

Answer 17

seek advice from a trusted adult

Question 18

If you value security, you are more likely to

Answer 18

save money

Question 19

a confidence and satisfaction in onself

Answer 19

self esteem

Question 20

Men tend to get good deals by:

Answer 20

negotiating

Question 21

Which of the following statements regarding marriage and money is false?

Answer 21

It is okay to hide purchases from your spouse as long as you have the cash to pay for it.

Question 22

the number-one cause of divorce in America is:

Answer 22

money fights

Question 23

When communicating with your parents about money, you should:

Answer 23

-communicate your wants,need and money goals
-be honesty
-good listener
ALL OF THE ABOVE

Question 24

When married couples do not share goals and values in how they manage money, which of the following can occur?

Answer 24

-divorce
-conflict
-stress
ALL OF THE ABOVE

Question 25

A person who is picky about budgeting and details

Answer 25

nerd

Question 26

Discussing important financial matters with household members can reduce conflict(t/f)

Answer 26

true

Question 27

The goal in communicating with your parents about money is to become responsible and independent with the money you have.(t/f)

Answer 27

true

Question 28

When managing money, one’s value system is of no importance(t/f)

Answer 28

false

Question 29

You should communicate your money goals with your parents and others close to you because:

Answer 29

It will allow others to help you by providing accountability and encouragement along the way

Question 30

A process by which information is exchanged between individuals

Answer 30

communication

Question 31

Whether you agree with your parents or not regarding money, you should always respect and honor their decisions.(t/f)

Answer 31

true

Question 32

A person who thinks that everything will work out fine and typically hates to deal with the details

Answer 32

free-spirit

Question 33

For women, the _______________ is the most important key to financial security.

Answer 33

emergency fund

Question 34

The state of being free from danger or threat

Answer 34

security

Question 35

Which of the following is not a rule for the ʺbudget committee meetingʺ?

Answer 35

the meeting should go on for however long it takes in order to come up with a complex and detailed budget