Lesson 6: Family Finances

Question 1

Over what was the first church problem in the New Testament?

Answer 1

Money

Question 2

To what must your living standard relate?

Answer 2

Only to you and what you earn

Question 3

List the five things to help you know what you spend:

Answer 3

A) you are the steward of your money
B) God does not control your budget
C) know the difference between desire and need
D) learn ways to cut expenses
E) Escrow (reserve) necessary amounts to meet major outlays. (Use a cheque and savings account)

Question 4

List five of the seven principles of good business:

Answer 4

A) Write good cheques
B) Communicate to creditors
C) God does not want you in financial bondage
D) Shop wisely
E) Think economics
F) Buy your own home
G) Set up a ministerial chequing account for your church

Question 5

True or false

One half of the parables in the New Testament deals with stewardship

Answer 5

True

Question 6

True or false

A person should live within their income

Answer 6

True

Question 7

True or false

Don’t pay your tithes if you don’t have enough to pay the bills

Answer 7

False

Question 8

True or false

Save money by eating out at restaurants

Answer 8

False

Question 9

True or false

Know the cost of your financial obligations

Answer 9

True

Question 10

True or false

Use a budget and balance accounts monthly

Answer 10

True