Exam (elaborations)
Ramsey Classroom Chapter 2 Questions & Detailed Answers
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Ramsey Classroom Chapter 2 Questions & Detailed Answers
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Ramsey Classroom Chapter 2 Questions &Detailed Answers
Budget - ANS A plan of how you spend your money in a period of time
Variable Expense - ANS Expense that varies in dollar amount from month to
month, but that you can expect to have every month
Income - ANS Earnings received from work or through investment
Investment - ANS The act of putting money, effort, and time into something to get
a future benefit
Personal Finance - ANS All the financial decisions an individual or family must make
in order to earn, budget, save, spend, and give money over time
Debt - ANS Money owed to another person or company
Zero-Based Budget - ANS It is when your income minus your giving, saving, and
spending equals zero in money
Cash-Flow Statement - ANS A summary of all the income and outgo over a certain
time period
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