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WorksheetsCh. 10 DR Money & Relationships
Total questions: 25
Worksheet time: 13mins
If you value security, you are more likely to:
Make Impulse buys
Spend money
Save 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
Conflict
Stress
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, itʹs important to also consider their
values.
If you value freedom and spontaneity, youʹre more likely to be a saver.
When communicating with your parents about money, you should:
Communicate your wants, needs, and money goals
Be honest
Be a good listener
All of the above
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 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.
It is okay to hide purchases from your spouse as long as you have the cash to pay for it.
In a marriage, you are financially accountable to one another.
Managing finances in a marriage takes teamwork.
Which of the following is not a rule for the ʺbudget committee meetingʺ?
The decision making must be done by both people.
You should write a zero-based budget in which you spend every dollar on paper before the
month begins.
The meeting should go on for however long it takes in order to come up with a complex
and detailed budget.
The Nerd should be the one to prepare the budget.
For women, the ________ is the most important key to financial security.
Emergency fund
Job promotion
Checking account
Envelope system
Men tend to get good deals by:
Finding sales
Going to the mall
Negotiating
Clipping coupons
The flow of money in a family represents the ________ under which that family operates.
Security
Income level
Sophistication
Value system
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 number-one cause of divorce in America is:
Money fights
The in-laws
Religious differences
None of the above
A great way for a young person to avoid making money mistakes is to:
Let a parent manage their finances
Realize that mistakes are unavoidable
Seek advice from a trusted adult
It is unlikely that a young person will make money mistakes
You should communicate your money goals with your parents and others close to you because:
Your goals are your goals. There is no need to share them
They can provide financial support in case you make mistakes
It will allow others to help you by providing accountability and encouragement along the
way
They can write your monthly budget
The goal in 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 when 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, oneʹs value system is of no importance.
True
False
Communication, teamwork and consistency are all important elements in 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 reduce conflict.
True
False
