Dave ramsey - Study guides, Class notes & Summaries

Dave Ramsey Ch 2 Saving Latest Update Graded A+ ompound Interest Interest paid on interest previously earned Emergency Fund Five hundred dollars saved to be used ONLY in the event of an emergency. Interest rate % paid to a lender for the use of borrowed money or % earned on invested money. Sinking Fund Saving money over time for a specific large purchase. Inflation The persistant rise in the price of goods and services over a period of time. Interest- Bearing Account An acc...

Dave Ramsey Chapter 11 Post Text Questions and Answers 100% Solved it's best to develop good ______ now instead of waiting until you're on your own to figure it all out money habits Renting is a great option for many people. true Your rent payment should total no more than ___% of your take-home pay. 25 when you're ready to buy a house, the best option is a _______ 15 year fixed rate how much of your monthly income is budgets specifically for your rent or mortgage the averag...

Dave Ramsey Chapter 1 Questions and Answers Already Passed What is financial literacy? The knowledge and skill base necessary for people to be informed consumers and manage their finances. As a single adult, you should.... Keep managing your money as a priority Banks got into credit business before 1920 because charging exceptionally high interest rates was legal. False Without any debt, you can be outrageously Generous Being a spender has many more positives than being a sav...

Dave Ramsey Test: Chapters 1 & 2 | 100% Correct Answers | Verified | Latest 2024 Version

Dave Ramsey- Chapter 1 Question and Answers Rated A+ What is personal finance? All of the decisions and activities of an individual or family regarding their money; including spending, saving, budgeting, etc. What is a loan? A debt evidenced by a "note" which specifies that principal amount, interest rate and date of repayment What is interest? A fee paid by a borrower to the lender for the use of borrowed money; typically interest is calculated as the percentage of the principa...

Dave Ramsey Chapter 10 Post-Test Questions With Verified Answers A fixed, annual rate of pay that doesn't change by working more or fewer hours is called ____. salary When you make ____ money, you will pay _____ in taxes. More; more Consumption tax pays for things everyone gets to enjoy, like . . . Parks, libraries, and zoos What is the main IRS form that most Americans use to file their taxes? Form 1040 Property tax, inheritance tax, estate tax, and gift tax are all examples o...

Dave Ramsey Personal Finance Exam Questions And Answers With Real Tests

Dave Ramsey Chapter 9 Questions and Answers Already Passed The purpose of insurance is to increase your investments. t/f False The stop-loss is what you pay before insurance will begin to pay. t/f False Collision insurance pays for the damage to your car if you cause an accident. t/f True A good homeowner's insurance policy will include guaranteed replacement cost. t/f True Term life insurance is more expensive because it funds a savings plan. t/f False The purpose of insur...

Dave Ramsey Foundations in Personal Finance - Chapter 9 Video Terms Rated A+ While paying insurance premiums may feel like you're losing money, in the end it really helps you ___ more of it. get When the consumer is _____ with ___________, the consumer makes different decisions. armed, information The purpose of insurance is to ________ risk. transfer Without proper insurance, certain losses can ________ you. bankrupt Insurance puts an ________ over your life, the hard work...

Dave Ramsey Personal Finance Chapter 1 Post Test Study Guide Rated A+ What is the first foundation? Save a $500 emergency fund As a single adult, you should... Keep managing your money as a priority What are the 5 foundations? A personal financial action plan What is the best way to avoid running out of money too quickly? You can make it a habit to plan and set goals for your money Personal finance is all the financial decisions a(n) ___________must make in order to earn, budget, sa...