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Planning Beginner:
Young Couples and Money
Test your knowledge
Choose wisely. There is only one correct answer to each question.
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1.
How often should newlyweds discuss their finances?
Choose wisely. There is only one correct answer.
On an as-needed basis
Regularly
Never
After a big fight
Regularly. Regularly discussing finances can keep you on track as well as predict oncoming problems.
2.
When is the best time for a couple to begin talking about finances?
Choose wisely. There is only one correct answer.
On their first date
Before the engagement
During engagement
Right after the wedding
Before the engagement. Learn your partners approach to money early on in order to head off possible problems.
3.
For newlyweds, joint accounts are always better to have than separate accounts.
Choose wisely. There is only one correct answer.
True
False
False. Joint accounts create problems for some couples. Separate accounts or a hybrid of separate and joint accounts can work better for many.
4.
Couples always learn from their money mistakes.
Choose wisely. There is only one correct answer.
True
False
False. Some couples keep on repeating the same mistakes over and over, even unto death.
5.
Which is an important financial issue for a couple to discuss prior to marriage?
Choose wisely. There is only one correct answer.
Each partners view of the overall view of the economy for the next year or so
How each partner would use an unexpected windfall, such as a lottery payoff
How you will manage the payment of expenses
How you will manage the payment of expenses. This is an issue that will pop up every day.
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