Lesson 73 - unit 15 Flashcards
How should a married couple approach financial decisions?
Honestly and openly so they can make a good plan.
What is Charlie Shedd’s financial plan?
Save 10%, give 10%, and live on the rest with thankfulness.
How can you achieve satisfying financial plans?
Through planning, prayer, and action.
What are the 2 most important elements of a budget?
Make it and keep it.
What does it mean to live within your means?
Don’t spend more than you earn.
Why is comparing yourself to others a problem?
It causes envy or pride.
What is the purpose of insurance?
To manage risk.
Why is going into debt unwise?
Because you are giving obligation to your money in the future and it will cost you more.
What is bankruptcy?
When you can’t pay your debts.
What is Jesus standard of living?
Eternal life.
