Money and Relationships

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

• Impulse buying due to lack of an accountability partner

• Not keeping a written budget

• Time poverty and fatigue

• All answers apply

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

• The wife

• Both spouses

• They should each manage their own money

• The husband

The state of being free from danger or threat

• Security

• Avoidance

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

• Manipulate

• Be honest

• Listen

• Pick the right time and place

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

• They can provide financial support in case you make mistakes

• Your goals are your goals. There is no need to share them

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

• They can write your monthly budget

The number-one cause of divorce in America is:

• Money

• The in-laws

• Religious differences

• No answers apply

The quality or state of being responsible, liable or answerable

• Honesty

• Accountability

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

• True

• False

Discussing important financial matters with household members can reduce conflict.

• True

• False

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

• Isolation

• Teamwork