Christian Personal Financial Management Quiz


This material on Christian personal financial management grows out of both the request for teaching on this topic and the Pastor’s passion for Christians being economically empowered. The teaching material was based on
Financial Peace Revisited (Revisited) by Dave Ramsey with thoughts by Sharon Ramsey (NY: Viking, 2003).

Name ________________ Date _________

 

1. According to I Timothy 6:10 the reason the personal finances of so many Americans are messed up is because money is the root of all evil.

            True    or        False 

 

2. Giving diligence to making a living by doing what you love to do and developing good habits (e.g., living within your means, avoiding the sway of marketing, negotiating, etc.), while avoiding “stuffitis” are great points to remember.

            True    or        False 

 

3. Using credit cards is sin.

            True    or        False 

 

4. With the snowball method of paying off debt, which of the following debts would you pay off first, second, and so on?  ____ $2,000 for credit card (18% interest), ____ $5,000 for car (8% interest), _____ $500 to a friend (0% interest), and _________ $100k for house (5% interest).

 

5. Professional credit repair people can cut the seven year period that accurate information stays on your credit report down to 3 to 6 months.

            True    or        False 

 

6. Aim to pay God the first ______% of your income, save and invest at least _____ % of your income, and then live within the remaining _____ % of your income.

7. Aim to have an emergency fund of ______ to _______ months of your living expenses.

 

8. What are the five types of insurances you need to work on having?

 

 

 

9. Having a financial advisor is recommended for purchasing mutual funds and getting maximum benefits out of retirement and college saving funds.

            True    or        False 

 

10. Negotiating is not really worth the trouble, according to Dave Ramsey.

            True    or        False 

 

11. As a parent or grandparent, God expects you to sacrifice your economic well-being for the economic well-being of your adult children. 

            True    or        False 

 

12. What are the seven baby steps?

 

 

 

 

 

 

 

 

13. Fill in the blanks for the economic empowerment vision: ________ members complete this course; ______________ support group/enrichment sessions; and cast a vision for _______________

by the 12/31/14.

 

14. Will you commit to participating in the support group/enrichment sessions? If “yes,” please give contact information below.

 

Name ______________________________________ Date ________

Phone ________________ Email _________________________________

 

 

 

 

 

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