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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.
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.
2.
Which of the following is a mistake that couples make with their money?
Choose wisely. There is only one correct answer.
Having plans that they dont share with each other
Having an emergency fund
Communicating about money issues
Discussing finances early on
Having plans that they dont share with each other. Keeping secrets can undermine the trust in a relationship.
3.
Which of the following can a budget do for a couple?
Choose wisely. There is only one correct answer.
Help them notice unknowns in their relationship
Help them learn where they are leaking money
Help them set a savings plan
All of the above
All of the above. Budgets are multifaceted and should not be dismissed lightly.
4.
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.
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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