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Planning Beginner: Young Couples and Money

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1.
Which of the following can a budget do for a couple?
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All of the above. Budgets are multifaceted and should not be dismissed lightly.
2.
For newlyweds, joint accounts are always better to have than separate accounts.
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False. Joint accounts create problems for some couples. Separate accounts or a hybrid of separate and joint accounts can work better for many.
3.
Couples always learn from their money mistakes.
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False. Some couples keep on repeating the same mistakes over and over, even unto death.
4.
Which of the following is a mistake that couples make with their money?
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Having plans that they dont share with each other. Keeping secrets can undermine the trust in a relationship.
5.
Most couples find that dealing with differences in their partners income is not a significant issue to be addressed.
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False. Income discrepancy is a frequent source of tension and debate.