Name _____________
Finances. 5 pts. each
- The thing that will destroy your marriage fastest is _______
- Your first and most important debt is the _____
- Number the following in proper order of importance
luxuries necessities
tithe debts- T or F - if you borrow money and have collateral,
you do not owe money, you have temporarily
traded your collateral- T or F - if you pay interest on money, you do not
owe them because you are renting their money.- T or F - you begin owing if you pay early.
- Don't borrow to or from friends without
a _________________________________- If you must be late on a payment you should
always __________________________- T or F - Use no more than 2 weeks salary
for house payment or rent.- T or F - Use no more than 1/2 week's salary
for a car payment.- Name 2 good ways to build up a good
credit rating:- Never expect your ____ to live by faith.
13. The problem is not lack of income, the problem
is lack of _________.
14. T or F. Your budget should be a sovereign
dictator that rules over you.
15. A mobile home is a good investment T or F.
16. By the time your oldest child is ___ years old,
you should own your first home.
17. What is an origination fee?
18. Match the following:
Tithe
House
Food
Savings5%
10%
15%
25%19. Name 3 ways to save money on a tight budget
20. T or F - New furniture is a good investment.
10 point bonus: T. or F. Pastor Scheving is the
greatest preacher this side
of the Pecos.