Dave ramsey - Study guides, Class notes & Summaries

consumer - Answer-a person or organization that uses a product or service credit - Answer-the granting of a loan and the creation of debt; any form of deferred payment debt - Answer-an obligation of repayment owed by one party to a second party; in most cases this includes repayment of the original loan amount plus interest economy - Answer-a system by which goods and services are produced and distributed financial literacy - Answer-the knowledge and skillset necessary to be an infor...

Dave Ramsey Chapter 1 Questions and Answers Already Graded A The first thing you should save for is your retirement fund - t/f False. Emergencies. Using pre-authorized checking helps save money - t/f True. Your first Baby Step to pay off all your debt - t/f False. The first Baby Step is saving $1,000 for an emergency fund A money market mutual fund is the best place for your fully funded emergency fund. - t/f True. A sinking fund makes money grow over time by adding interest ...

Dave Ramsey: Chapter 3 Latest Version with Complete Solutions what is a consequence of overdrawing your checking account overdraft fee, stress, bounced check a written budget, if followed, removes what from your finances guilt, management by crisis, overspending percentage of american living paycheck to paycheck 70% The zero-based budget is the best method of budgeting because ensures that every dollar you make is assigned a specific purpose what is not a record-keeping feat...

Dave Ramsey Chapter 1 Money Review with Verified Solutions sinking fund saving money for a purchase and letting the interest work for you rather than against you. amoral money is neither good nor bad. money market emergency fund goes here. compound interest interest on interest. murphys law if it can go wrong it will; unexpected events. baby step 1 $500/$1000 in an emergency fund. baby step 3 3-6 months of expenses. key to wealth building discipline for most people...

Dave Ramsey - Chapter 3 Latest Update 100% Correct budget a written cash flow plan cash flow statement a summary that shows total income and spending for a given time period carbon check a copy of each check you write envelope system series of envelopes that are divided into categories and are used to store cash for planned monthly expenses impulse purchase an item that is bought without previous planning or consideration of the long-term effects overdraft occurs when mone...

Relating With Money Review Guide for Dave Ramsey Test Chapter 9 Questions with Verified Answers The flow of money in a family represents the _____ ______ under which that family operates. value system Men: "It's boring and not _____________ enough." sophisticated Women: "It's the most _________ key to our financial plan." important Men get good deals by ___________. They want to win. negotiating Women get good deals by _______. They enjoy the process. hunting Men lose ____-______ ...

Dave Ramsey Chapter 11 Questions and Answers Already Passed Pre-tax means the government allows you to invest money after taxes are taken out. t/f False ESA's are a good way to save for college. t/f True Once you have a fully funded emergency fund, put 10% of your income into retirement plans. t/f False "457" plans are designed for employees of non-profit organizations such as hospitals and schools. t/f False If we used a race analogy to describe building wealth, it would ...

Dave Ramsey Mid-Term Questions and Answers Already Passed Baby Step one to financial peace is to have how much money in an emergency fund? $1,000 Baby Step three is to have expense for how long in a fully funded emergency fund? 3-6 months What is the key ingredient to wealth building? discipline Put the following in the correct order of priorities: invest, give, save give, save, invest When discussing investing, what word refers to the availability of your money? liquidity ...

Dave Ramsey Chapter 3 Questions with Verified Solutions 47% of Americans have less than $1,000 saved for a(n) _________. Emergency You'll have less freedom with your money if you . . . Are paying for things in your past Once you have a $500 emergency fund, you should . . . Save it until you have an emergency The first step you should take when you want to make a large purchase is . . . Decide how much you'll need to save and the time frame you want to save it in The best way...