Dave Ramsey Chapter 10 - Money and Relationships

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

• Be honest

• Listen

• Manipulate

• Pick the right time and place

Which of the following statements is false?

• When handling money, it can be difficult to balance who you are with and with what you should do.

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

• Being aware of your money personality will help you create a money plan that works for you.

• when it comes to relating with others about money, it's important to also consider their values.

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When communicating with your parents about money, you should:

• Communicate your wants, needs, and money goals.

• Be a good listener.

• Be honest.

• All of the above.

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

• Time poverty and fatigue.

• Impulse buying due to lack of an accountability partner.

• Not keeping a written budget.

• All of the above.

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

• When you agree on your spending, that means that you also agree on your value system.

• In a marriage, you are financially accountable to one another.

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

• Managing finances in a marriage takes teamwork.

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If you value security, you are more likely to:

• Save money.

• Make impulse buys.

• Spend money.

• All of the above.

Which of the following is not a rule for the "budget committee meeting"?

• You should write a zero-based budget in which you spend every dollar on paper before the month begins.

• The decision making must be done by both people.

• The Nerd should be the one to prepare the budget.

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

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

• Job promotion.

• Checking account.

• Envelope system.

• Emergency fund.

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

• Let a parent manage their finances.

• Seek advice from a trusted adult.

• Realize mistakes are unavoidable.

• It is unlikely that a young person will make money mistakes.

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

• The wife.

• They should each manage their own money.

• Both spouses.

• The husband.

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