Exam (elaborations)
Dave Ramsey Wellbeing review| Questions Solved with Verified Correct Answers | Latest Update
- Course
- Institution
Dave Ramsey Wellbeing review| Questions Solved with Verified Correct Answers | Latest Update
[Show more]
Seller
Follow
Content preview
Dave Ramsey Wellbeing review|Questions Solved with Verified Correct
Answers | Latest Update 2024-2025
One of the most effective ways to prevent overspending is by using what system? - ANSWER
envelope system
The Consumer Equity Sheet (or Balance Sheet) will help you determine what? - ANSWER your
net worth, how much you owe, how much you own
The difference between secured and unsecured debt is whether or not a debt has any
collateral attached to it. - ANSWER true
Most college students really don't need a will. - ANSWER false
What is a zero-based budget? - ANSWER A budget where every dollar has a name
A budget usually takes about how long to get used to? - ANSWER 3 months
Your monthly cash flow plan should always include an amount for "Blow Money". -
ANSWER true
The goal of a zero-based budget is to make sure you have extra money left over on your
cash flow plan. - ANSWER false
, The best investment in life you can make is investing in __________. - ANSWER yourself
The Allocated Spending Plan form will help you manage your income and spending as it
comes and goes throughout the month. - ANSWER true
You need to reconcile your bank statement once every year. - ANSWER false
Bounced checks are a sign of _________ living - ANSWER crisis
You will pay interest on debit card purchases. - ANSWER false
People who don't earn a consistent monthly salary do not have to do a budget. - ANSWER false
A budget will always be the same each and every month. - ANSWER false
What would account for a difference in balances in your checkbook registry and bank
statement after reconciling the two? - ANSWER an error or omission, outstanding checks that
didn't clear, deposits that did not post
Another name for cash flow plan - ANSWER budget
Your budget should include - ANSWER fixed expenses, variable expenses, money to blow
Process used to determine if the balance in your checking registry matches the
balance reported on the bank statement - ANSWER reconciliation
Used by persons earning an inconsistent monthly income - ANSWER irregular income form
The benefits of buying summaries with Stuvia:
Guaranteed quality through customer reviews
Stuvia customers have reviewed more than 700,000 summaries. This how you know that you are buying the best documents.
Quick and easy check-out
You can quickly pay through credit card or Stuvia-credit for the summaries. There is no membership needed.
Focus on what matters
Your fellow students write the study notes themselves, which is why the documents are always reliable and up-to-date. This ensures you quickly get to the core!
Frequently asked questions
What do I get when I buy this document?
You get a PDF, available immediately after your purchase. The purchased document is accessible anytime, anywhere and indefinitely through your profile.
Satisfaction guarantee: how does it work?
Our satisfaction guarantee ensures that you always find a study document that suits you well. You fill out a form, and our customer service team takes care of the rest.
Who am I buying these notes from?
Stuvia is a marketplace, so you are not buying this document from us, but from seller KenAli. Stuvia facilitates payment to the seller.
Will I be stuck with a subscription?
No, you only buy these notes for $12.49. You're not tied to anything after your purchase.
Can Stuvia be trusted?
4.6 stars on Google & Trustpilot (+1000 reviews)
75632 documents were sold in the last 30 days
Founded in 2010, the go-to place to buy study notes for 14 years now
