LUOA Personal Financial Literacy Module 1: GIVE | Biblical Perspectives on Money Questions and Answers 100% Pass

LUOA Personal Financial Literacy Module 1: GIVE | Biblical Perspectives on Money Questions and Answers 100% Pass In our lives, God uses money as a: tool, test, and testimony According to scripture, money is not a: - measure of success - reward for godly living - measure of self-worth - guarantee of contentment God's word teaches us to: - maintain margin - spend less then we earn - give generously - avoid debt The pie diagram reveals that there is no such thing as an _____________________ financial decision. independent According to the Five Wise Money Principles, if you want to make a purchase but you don't have enough money on hand you should use a credit card or obtain a personal loan. False Giving breaks the power of _______________________. money Which of the following is not one of the reasons to give that was covered in this module? Giving is a way that we can help overcome social problems Which of the following are the three places where the New Testament tells us to give: the local church, to fulfill the Great Commission, the needy When discussing how much we ought to give, what are the three words that were used to describe the three progressive areas: should, could, would Which one of the following is not a place where the Old Testament tells us to give: to rebuild the Temple God gave men and women the wisdom to use math formulas, chemical formulas, and to put the car parts together in the manufacturing plant. True James 1:27 states that we should care for _____________________ and orphans. widows Ephesians 6:2 states that you should honor your _______________________. parents Proverbs 12:10 states that we should care for _____________________. animals Whether we are learning about spiritual gifts or building on our natural talents, we are working with precious gifts from __________________________. God Matthew 6:19-21 says, "Do not lay up for yourselves treasures on earth, where moth and rust destroy and where thieves break in and steal, but lay up for yourselves treasures in heaven, where neither moth nor rust destroys and where thieves do not break in and steal. For where your treasure is, there your ____________________ will be also." heart If you never seem to be satisfied with what you have, then your treasure may be in ______________________ possessions. material If you are content to pray and to wait for God's provision, then your treasure is in your ________________________ with the Lord. relationship Seeking first the kingdom of God, investing in God's work, and making sure our treasure is in Christ will keep us from being swayed by __________________________ and wrong attitudes toward money. materialism God commands us not to _____________________what our neighbor has. covet An example of giving generously would be to _______________________________. tithe 15% of your income When you donate for a specific purpose, it is known as _______________________ giving. intentional Proportionate giving is what you ____________________ give. should Sacrificial giving is when we ___________________ give if we are willing to give up something else. could ______________________ giving is faith giving. Would The children of Israel actually tithed more than 10% of their wealth. True According to Acts 20:35, it is more _______________ to give than to receive. blessed The Old Testament and the New Testament are extremely different in where they suggest we give. False Why is the most challenging place to give to the poor/needy? - If not done correctly it can create systems that facilitate ongoing poverty. - If not done correctly it can undermine their dignity. If you don't have an income, you can give in other ways. True What does the Scripture from 1 Timothy 5:18 mean when it says, "Do not muzzle an ox while it is treading out the grain?" Church workers that do the work of the ministry should be paid for their work. In 1 Corinthians 9:7-12 Paul does not take money from the Corinthians. Why? He did not want to hinder the gospel of Christ. God needs our money to spread the gospel throughout the earth. False According to 1 Timothy 5:18, it is implied that Elders who are worthy of double honor should be paid for their work. True Luke 16:13 states that "No servant can serve two masters. Either he will hate the one and love the other, or he will be devoted to the one and despise the other. You cannot serve both God and _________________." money What you spend your money on is a good indicator of where your heart is. True In the parable of the rich fool, God commended him for being a faithful steward. False In the story of the widow and her offering, Jesus was impressed with the widow because she _______________________________. gave all that she had Jesus said the widow gave "all she had." What percentage of her money did she give? 100% According to 1 Timothy 6:10, Paul is saying that money is evil. False Select the answer that shows how giving breaks the power of money in your life. Giving money away keeps you in control of your money instead of being controlled by it. Being a steward implies that ________. you are not the authority about how resources are used The pie diagram reveals that _____________. - there are only four ways that we can use our money - the longer term your perspective, the better your financial decision today The categories to "Owe" in the pie diagram are paying taxes, paying debts, and paying our tithe. False In Matthew 22:21, Jesus told the Jews not to pay taxes because they were God's chosen people. False Putting your money in an interest checking account would be an example of the "Grow" slice of the pie. True Spend less than we __________________. earn Avoid _________________. debt ___________________ generously. give Set _______________________ goals. long term Maintain ______________________. margin or savings In the lesson, you were given the following scenario: Luke has earned $250.00 with his part-time job. Once he made his tithe and paid his bills, he had $50.00 remaining with his money. Unfortunately, on the day that he got paid, his video game controllers stopped working correctly. Luke knew the cost would be about $75.00 to replace both of the controllers. He thought about the remaining amount that he had until his next paycheck which was $50.00. He thought about asking his parents to give him $25.00 so he would have the needed to buy new controllers. Which principle does this scenario align most closely to? Spend less than you earn In the lesson, you were given the following scenario: Leah had learned the keys to financial peace by following the five wise money principles. She had gotten the opportunity to go on a trip with her cousins to Florida. She was excited about the fun that she would have on the vacation and very happy that she was not in debt. Leah's cousins decided to ride together on the vacation and Leah had offered to drive her car. Unfortunately, on the way to Florida, Leah had a flat tire. Thankfully, everyone was safe and a nice, a Christian repair company came out to change Leah's tire. The repair cost for the new tire was $220.00. Leah was able to pay for the expense, too, without going in debt. An unexpected event had occurred, but Leah was prepared. Which principle does this scenario align most closely to? Maintain margin (Savings) The meaning of the phrase "debt mortgages your future" is that you can't use a part of your money now because you owe money to pay the debt in the future. True Perspective will not determine our behaviors. False God's wisdom is so unique for each Christian. True To gain and obtain a Christian perspective, it is imperative to spend __________________________. daily time with God You should always build your foundation ___________________. on the Rock It is important for a Christian to have a strong financial foundation. True Having a strong financial foundation will allow God to use you and the resources He has given to you to fulfill His plan for you as well as others. True When you see "giants" or obstacles in your path, you should turn to God in prayer and ask for his help in overcoming the obstacles. True What is the underlying theme of Deuteronomy 8:16-18? "Who fed you in the wilderness with manna that your fathers did not know, that he might humble you and test you, to do you good in the end. Beware lest you say in your heart, 'My power and the might of my hand have gotten me this wealth.' You shall remember the Lord your God, for it is he who gives you power to get wealth, that he may confirm his covenant that he swore to your fathers, as it is this day." Money is not a measure of self-worth What is the underlying theme of I Corinthians 3:13-15? "Each one's work will become manifest, for the Day will disclose it, because it will be revealed by fire, and the fire will test what sort of work each one has done. If the work that anyone has built on the foundation survives, he will receive a reward. If anyone's work is burned up, he will suffer loss, though he himself will be saved, but only as through fire." Money is not a reward for godly living What is the underlying theme of Joshua 1:8? "This Book of the Law shall not depart from your mouth, but you shall meditate on it day and night, so that you may be careful to do according to all that is written in it. For then you will make your way prosperous, and then you will have good success." Money is not a measure of success What is the underlying theme of Proverbs 22.2? The rich and the poor meet together; the Lord is the Maker of them all. Money is not a measure of self-worth What is the underlying theme of Ecclesiastes 5:10? "He who loves money will not be satisfied with money, nor he who loves wealth with his income; this also is vanity." Money is not a guarantee of contentment I wrote down examples of how money can be used as a tool, test, and testimony. True God may use money as a tool in your life to show you the condition of your heart. True An example of "one who is faithful in a very little is also faithful in much" would be as a waitress or waiter to faithfully report your tips as income to the IRS. True I typed some synonyms for "Treasure" and "Heart." True Being content depends on how much we buy. False Which of the following would be laying up "treasures in heaven?" - Giving to a pregnancy center. - Praying and waiting for God to supply your need instead of going into debt to obtain it. - Doing a car wash to raise money for your youth group. Many advertisements tell us that we really won't be happy unless we buy their product. True Buying whatever we want even if we don't have the money is good stewardship. False I created several hashtags. True When Jesus said, "for where our treasure is, there your heart will be also" is really about which answer below. Desiring to honor God with our money Which of the following gifts shown below is not listed in Romans 12:6-8? Healing I filled out my four-square chart. True In the Parable of the Talents, Jesus was only concerned with how we invest our money. False Which of the following is probably not true with regard to the Parable of the Talents. If you don't use your gifts, they will be taken from you and given to someone else. Which is not true in the Parable of the Talents. We should not expect a reward for serving God. Select all answers that apply to a good definition of Biblical stewardship. - Use of God-given gifts - Use of your time - Use of truth Select all the God-given gifts and talents that a person might possess. - The ability to paint scenery - A successful business owner - Being really good with Algebra Getting a screen protector for your cell phone is good stewardship. True According to Luke 12:48, using our gifts and talents is optional. False Select the answer that is not the best example of Biblical stewardship. Decorating your bedroom