SFL 260 Final (Comprehensive) Questions and Correct Verified Answers

How much would it cost to bake a two-pound loaf of bread from scratch if you grind your own wheat from food storage? $0.67 What does H.A.L.T stand for? Hungry, angry, lonely, tired What is a loss leader? An item that the store sells at below-cost in order to get you inside the store. What are the seven suggestions for finding harmony? 1. Enhance energy 2. Increase quality time 3. Learn to bundle 4. Focus on the most important things 5. Work flexibly 6. Simplify your life 7. Center on the Savior Top Mark Questions and Correct Verified Answers Top Mark !!! What percentage of couples who divorce have financial issues? 89% When should a couple start talking about finances? Before you officially get engaged. Is it a good idea for married couples to hold all assets in common? Yes, exception: prenuptial agreements for marriages with blended families. What is "MAD" money? A monthly amount of money that each spouse has total, individual control over (no accountability to the other spouse). What are the rules of the Hill Family Bank? 1. 10% interest earned on money invested (up to $100) 2. 10% interest paid on money borrowed (up to $100) What are the primary purposes of SFL 260? Spiritual, temporal, individual, family What are the 4 whats of family finance? Top Mark Questions and Correct Verified Answers Top Mark !!! Ownership, stewardship, agency, accountability 3 Things Dr. Hill wants you to remember 1. Life is hard, but you can do hard things 2. When life doesn't go as planned, don't get frustrated; make the best of it. 3. TTT: Things take time Personal finance website developed by the Marrio