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WorksheetsPersonal Finance Ch 10: Money and Relationships
Total questions: 20
Worksheet time: 10mins
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 married couples do not share goals and values in how they manage money, which of the following can occur?
Divorce
Stress
Conflict
All of the above
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 statements is false?
When handling money, it can be difficult to balance who you are with what you should do.
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 is important to also consider their values.
If you value freedom and spontaneity, you're more likely to be a saver.
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
It is easier to manage money with you are accountable to no one.
True
False
A written plan gives the single person empowerment, self accountability, and control.
True
False
In a marriage, you are financially accountable to each other.
True
False
When managing money, one's value system is of no importance.
True
False
Communication, teamwork, and consistency are all important elements of handling family finances.
True
False
If money fights are a problem in a marriage, then money management provides an opportunity to improve a marriage.
True
False
Communicating with others about money is entirely a matter of the other person hearing and following your wishes.
True
False
Whether you agree with your parents or not regarding money, you should always respect and honor their decisions.
True
False
Discussing important financial matters with household members can help to reduce conflict.
True
False
