Ch 10: Money and Relationships Practice

If you value security you are more likely to:

• make impulse buys

• save money

• spend money

• all of the above

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

• manipulate

• be honest

• listen

• pick the right time and place

When communicating with your parents about money, you should...

• communicate your wants and needs, and money goals

• be honest

• be a good listener

• all of the above

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

• impulse buying due to lack of an accountability partner

• not keeping a written budget

• time poverty and fatigue

• all of the above

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

• security

• income level

• sophistication

• value system

The number one cause of divorce in America is...

• Money fights

• The in-laws

• Religious differences

• None of the above

For women, the _____________ is the most important key to financial security

• Emergency Fund

• Checking Account

• Job Promotion

• Envelope System

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

• The wife

• Both spouses

• They should each manage their own money

• The husband

The goal is communicating with your parents about money is to become responsible and independent with the money you have.

• True

• False

A written plan gives the single person empowerment, self accountability, and control.

• True

• False