Dave Ramsey Chapter 10

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

• Be honest

• Listen

• Manipulate

• Pick the right time and place

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.

If you value security, you are more likely to:

• Save money.

• Make impulse buys.

• Spend money.

• All of the above.

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

• Job promotion.

• Checking account.

• Envelope system.

• Emergency fund.

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.

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

• Conflict

• Divorce

• Stress

• All the above

Men tend to get good deals by:

• Negotiating

• Finding sales

• Going to the mall

• Clipping coupons

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

• Security

• Value system

• Income level

• Sophistication