Ch 5 Family, Friends and Philanthropy

Match the following

• a lack of time, which leads to stress

• free spirit

• the one who goes with the flow

• time proverty

• the one who likes to deal with numbers and make a budget

• nerd

• the one who assists you in making wise decisions

• value system

• how a person views the world and decides what's important

• accountability partner

The number-one cause of divorce in the U.S. is money fights.

• true

• false

You need to find a shopping partner to discuss major purchases with.

• true

• false

Answer explanation

You need an accountability partner

Men and women are quite similar in how they relate to money.

• true

• false

​ (a)   are always the savers and​ ​ (b)   are always the spenders.

• Nerds
• Free spirits

Personal finance is ​ (a)   behavior and only ​ (b)   head-knowledge.

• 80%
• 20%

For ___, the emergency fund is the most important key to financial security.

• men

• women

• Dave Ramsey

• both men and women

How do men and women relate differently to shopping?

• men want to find a good deal by hunting; women want to find a good deal by negotiating

• women want to find a good deal by hunting; men want to find a good deal by negotiating

• all of the options

A budget committee meeting should last

• 45 minutes

• no more than an hour

• 10-20 minutes

• as long as it takes

Problems singles might deal with include:

• time poverty

• impulse buying

• "I owe myself" syndrome

• facing an accountability partner