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WorksheetsFinancial Coach Dan - Relationships and Money
Total questions: 24
Worksheet time: 12mins
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
Since men and women are different, who is supposed to do the financial decision making in a marriage?
The wife
Both Spouses
The husband
They should each manage their own money
The state of being free from danger or threat
Security
Isolation
Avoidance
Shelter in place
The number-one cause of divorce in America is
The In-laws
Religious differences
Money
None of the above
The goal in communicating with your parents about money is to become responsible and independent with the money you have
True
False
Cooperative and coordinated effort on the part of a group of persons acting together in the interest of a common goal
Determination
Teamwork
Isolation
A person who is picky about budgeting and details
Nerd
Free-Spirit
For women, the _______________ is the most important key to financial security
Job Promotion
Shoe Budget
Emergency Fund
Envelope System
A person’s priorities, beliefs and standards that affect how he or she views the world
Personality
Money quotient
Value system
Envelope system
In a marriage, you are financially accountable to each other
True
False
The result of achievement toward which effort is directed
Competition
Goal
The flow of money in a family represents the ___________ under which that family operates
Security
Income level
Sophistication
Value system
When married couples do not share goals and values in how they manage money, which of the following can occur?
Stress
Conflict
Divorce
All of the above
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
Communication, teamwork and consistency are all important elements in handling family finances
True
False
A person who thinks that everything will work out fine and typically hates to deal with the details
Nerd
Free-Spirit
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.
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
When it comes to money, men and women relate to it _____________
The same way
Completely differently
Somewhat similarly, but women are more factual
Somewhat similarly, but men are more emotional
Money _____________ issues/s that spouses fight about
is not typically an
Is one of the biggest
Can be occasionally an
Doesn't come up as an
Problems can be turned into opportunities, it's just how you look at them
True
False
When it comes to money there are two types of people: Nerd and Free Spirit.
True
False
Communication is ________ in any relationship where you talk about money
Key
Not important
Unnecessary
OK to have
When you're single, it's important to have an ________
Extra emergency fund
Accountability partner
Extra $200 for fun things
Partner in crime
