Chapter 1 Lesson 6 Money Personalities and Relationships

What is a common misconception about money personalities?

• Savers are always better with money than spenders.
• Everyone is either a saver or a spender.
• Money personalities do not affect relationships.
• Spenders never save money.

Why is discussing money with family members important?

• It helps avoid misunderstandings and conflicts.
• Only spenders need to discuss money.
• It can lead to more money fights.
• It is not necessary for healthy relationships.

In what way can financial discussions impact relationships?

• They can lead to more arguments.
• They can strengthen trust and understanding.
• They are usually avoided by couples.
• They have no real impact.

If a saver and a spender are in a relationship, what is a potential challenge they might face?

• The spender will always save money.
• They will have no financial discussions.
• The saver may feel frustrated with the spender's habits.
• They will always agree on financial decisions.

What are the two main money personalities people generally identify with?

• Investors and borrowers
• Spenders and lenders
• Savers and investors
• Savers and spenders

How do savers typically approach retirement planning compared to spenders?

• Savers often have a plan for retirement, while spenders do not.
• Both savers and spenders have equal retirement plans.
• Spenders are more likely to save for retirement than savers.
• Savers usually spend more money than spenders.

What is one potential negative aspect of being a spender?

• They often have a detailed budget.
• They may not think about the future or save for retirement.
• They are more likely to save for emergencies.
• They usually invest in stocks.

What might be a reason why teens feel uncomfortable discussing money with their parents?

• They prefer to handle money alone.
• They fear their parents will judge their spending.
• They have no interest in finances.
• They are always open about their finances.

How might impulse buying affect a person's financial situation?

• It is a sign of being a good spender.
• It encourages saving for the future.
• It usually happens when someone is stressed.
• It can lead to better budgeting.

What percentage of couples with great marriages discuss their money goals together?

• 39%
• 75%
• 54%
• 94%