Review Questions
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Session
1: AUTO – “The Smell of New Leather”
(Designed to be used as a
follow-up to the PowerPoint Lesson: AUTO)
Emotions
1.
The _________ ___________ is
the number one item leading most Americans into consumer debt, robbing
them of their ability to save money.
2.
When it comes to spending decisions, we are primarily motivated by one of
three reasons, or a varying mix of all three: ________________________,
____________________, and ______________________.
3.
Which of the motivation above drives approx. 80% of our spending
decisions? ______________________.
4.
Automobile advertisements are primarily aimed at our ____________________.
5.
Ironically, that sweet smell of new leather can actually make you
__________________.
APPLICATION (DO)
Logic
6.
Considering the budget, the BIG THREE items for most households are:
___________________, _______________, and
_______________.
7.
In order for the budget to balance, the BIG THREE should not exceed ______
to ____% of the net spendable income.
8.
Consumer Reports says that the typical car will lose _________ to
________% of it’s value in the first three to four years.
9.
Leasing is nothing more than an alternative way of
_______________________.
10.
When you lease, you are only financing the part of the car that is
scheduled to ______________________. Therefore, at the end of the lease
(as apposed to traditional financing)
you own nothing, and in effect have been __________________ your
transportation.
11.
When you finance a new car, the amount owed on the loan will
normally decrease at a rate much slower than the car will depreciate,
resulting in your being __________________ in a matter of only a couple of
years.
ASSIMILATION
(HAVE)
Wisdom
12.
Wisdom is the ability to live life _______________________.
13.
Wisdom equips us to deal with the _________________ affairs of everyday
life.
14.
Wisdom is ______________ _____________
filtered through divine perspective.
15.
__________________ means to be obligated for a debt that can not be
collateralized by the object that is purchased, such as being upside down
in an auto loan.
16.
Fill in the following: “By _________________ is a house built, and
through ___________________ is it established; through
____________________ it’s rooms are filled with rare and beautiful
treasures.” Proverbs14: 3-4
(NIV)
(Go to the Materials Page to download a printable .PDF file)
Answers:
1.
Auto Loan
2. Emotions, Logic, Wisdom
3. Emotions
4. Emotions
5. Sick
6. HOUSE, AUTO, FOOD
7. 60-65%
8. 40-60%
9. Financing
10. Depreciate, Renting
11. Upside Down
12. Skillfully
13. Practical
14. Common Sense
15. Surety
16. Wisdom, Understanding, Knowledge
