Week 2 personal finance literacy questions and answers already passed

Week 2 personal finance literacy questions and answers already passed 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 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 Being a steward implies that ________. you are not the authority about how resources are used God's Word teaches us to ________. all of the above The pie diagram reveals that there is no such thing as an __________________ financial decision. independent The pie diagram reveals that _____________. A and B 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 Money as a tool can be used to: all of the above Hebrews 13:5 tells us to keep our lives free from the love of money and to be _________________ with what you have. content There are four main categories shown in the Pie diagram. The first three are Live, Give, and Owe. Type in the name of the fourth category. grow What are the two subcategories of Owe? owe taxes, owe debt Jesus told his disciples not to pay taxes to Caesar. false 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.