Financial Literacy Review

Which is the correct order of priorities for your money?

Learning and applying Dave's financial literacy plan will:

If we used a race analogy to describe building wealth, it would be most like a sprint.

A written budget should be done every_____.

A person, company, or country that makes, grows, or supplies goods for sale is a(n):

Baby step three is to:

Bounced checks are a sign of _______ living.

For most people, a fully-funded emergency fund will be about:

Your income greatly affects your savings habits.

You should invest 15% of your household income into  Roth IRA's (retirement).

Someone who commits capital in order to gain financial returns.

Another name for budget is ____.

Dave's 80/20 rule says that personal finance is 80% head knowledge and 20% behavior

The Baby Steps can best be described as:

The nation that has the best savings rate is:

The two biggest factors in compound interest and building wealth are time and amount invested.

Your monthly budget should include:

Baby step two is to eliminate the debt snowball.

Money is neither good nor bad, it is ____.

Helps people who forget to record checks in their register after writing them:

Dave is a:

Someone who commits capital in order to gain financial returns is a(n):

On average, how long will it take before your budget begins to work?

Saving is about contentment and:

You do not need an emergency fund at your age.

Dave wants you to live like no one else so that you can keep up with the Jones's (everyone).

Which of the following is not a reason to save?

Cash flow plans and budgets are the same thing.

The following is true about PAC's:

If it can go wrong, it will; expect the unexpected.

How many baby steps are there?

The best way to build discipline and get into the habit of saving is:

The savings rate in America is:

Process used to  balance your check book.

Baby step seven is to save for your college fund.

Cash flow is a comparison of a business's income and expenses.

Time allowed for payment for goods or services obtained on trust is:

The best place to put your emergency fund (3-6 months), is in the bank.

Saving money for purchases and letting your money work for you rather than against you.

Forms used by persons earning an inconsistent monthly income.

Ben and Arthur illustrate which principle of saving?