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Finance- Chapter 10 Test

AB
a peron who values security is more likely tosave money rather than spend it
never do this when communicating about moneymanipulate
divorce, stress, and conflict can occur whencouples do not share goals and values in how they manage money
If you value freedom and spontaneity, you're more likely to be aspender
honestly communicate your wants, needs, and money goals while also being a good listener when you are doing thiscommunicating with your parents about money
Impulse buying due to lack of an accountability partner, not keeping a written budget, time, poverty and fatigue are all challenges typically faced by whomyoung single adults
a time when it's okay to hide purchases from your spouseNEVER
For women this factor is the most important key to financial securityemergency fund
Men tend to get good deals bynegotiating
The flow of money in a family is a good representation of theirValue system
who is supposed to do the financial decision making in a marriageBOTH spouses
The number-one cause of divorce in Americamoney fights
great way for a young person to avoid making money mistakesseek advice from trusted adult
communicating money goals w people close to you hepls provideaccountability and encouragement
it easier to manage money whensomeone holds you accountable
A written plan gives the single personempowerment, self-accountability, and control
important component when managing moneya person's value system
3 important elements in handling family financesCommunication, teamwork, and consistency
provides an opportunity for marriages to improve whehaving trouble with money fightsmoney management
you should always show this when discussing money with your parentshonor and respect
Discussing important financial matters with household members can reduceconflict
The quality or state of being responsible, liable or answerableAccountability
A person who thinks that everything will work out fine and typically hates to deal with the detailsFree Spirit
A person's priorities, beliefs, and standards that affect how he or she views the worldValue System
A situation in which a person is lacking time, which leads to stressTime Poverty
A person who is picky about budgeting and detailsNerd
The result of achievement toward which effort is directedGoal
A process by which information is exchanged between individualsCommunication
The state of being free from danger or threatSecurity
Cooperative and coordinated effort on the part of a group of persons acting together in the interest of a common goalTeamwork
A confidence and satisfaction in oneselfSelf-esteem



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