Dave Ramsey Chapter 3

A copy of each check you write

What is a quote from 7th Grade Shae?

Your monthly budget should include:

Occurs when money is with drawn from a bank account and the available balance goes below zero

Which of the following is a consequence of overdrawing your checking account?

envelope system works for managing spending on things that don’t normally have monthly expense

A written cash flow plan

A summary that shows total income and spending for a given time period

assigns an expense to every dollar of your income, total income - the total expenses = zero

An item that is bought without previous planning or consideration of the long-term effects

To match your bank statement with your check book

What's the best budget?

Doing a budget does not:

The number-one cause of divorce in North America today is stress and disagreements over money

envelopes that are divided into categories; used to store cash for planned monthly expenses