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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.
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.
2.
To prevent wasting money, a married couple should _______.
Choose wisely. There is only one correct answer.
Communicate regularly about their finances
Have methods of achieving their financial goals
Start discussing finances early on
All of the above
All of the above. All of these, and many more, can stop or slow the needless loss of money.
3.
Most couples find that dealing with differences in their partners income is not a significant issue to be addressed.
Choose wisely. There is only one correct answer.
True
False
False. Income discrepancy is a frequent source of tension and debate.
4.
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.
5.
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.
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