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Flashcards in money and relationship Deck (35)
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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.

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

2

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

both spouses

3

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

false

4

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

true

5

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

accountability

6

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

true

7

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

teamwok

8

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

value system

9

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

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

10

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

false

11

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

time proverty

12

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

value system

13

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

true

14

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

manipulate

15

The result of achievement toward which effort is directed

goal

16

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

true

17

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

seek advice from a trusted adult

18

If you value security, you are more likely to

save money

19

a confidence and satisfaction in onself

self esteem

20

Men tend to get good deals by:

negotiating

21

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

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

22

the number-one cause of divorce in America is:

money fights

23

When communicating with your parents about money, you should:

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

24

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

-divorce
-conflict
-stress
ALL OF THE ABOVE

25

A person who is picky about budgeting and details

nerd

26

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

true

27

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

true

28

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

false

29

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

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

30

A process by which information is exchanged between individuals

communication