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Chapter 2 - Dave Ramsey Flashcards | StudBud
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Chapter 2 - Dave Ramsey
Chapter 2 - Dave Ramsey
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Money Management 2nd Block
Flashcards
17 cards
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Practice quiz
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Questions
17
Answers
1
The Five Foundations - The Fifth Foundation
Start a savings account
Build wealth and give
Pay cash for your car
Pay cash for college
2
What are the three basic reasons to save money?
Emergency, Spending, Wealth
Spending, Purchases, Wealth
Emergency, Purchases, Spending
Emergency, Purchases, Wealth
3
The Five Foundations - The Third Foundation
Start a savings account
Build wealth and give
Pay cash for college
Pay cash for your car
4
The Five Foundations - The First Foundation
Start a savings account
Make a plan
Save a $500 emergency fund
Get out of debt
5
Why Mickey Mouse wears gloves?
White, red, black, & yellow are the color theme of the show.
He is always cold.
So his hands can be seen when they're in front of his body.
He loves white gloves.
6
True or False: Arthur started saving money before Ben.
False
True
7
The persistent increase in the cost of goods and services.
Interest-Bearing Account
Inflation
Interest Rate
Compound Interest
8
The Five Foundations - The Second Foundation
Start a savings account
Make a plan
Get out of debt
Save a $500 emergency fund
9
True or False: Your income level greatly affects your saving habits.
False
True
10
Debt _____ solves problems.
Does
Always
Doesn't
Never
11
Interest paid on interest previously earned
Emergency Fund
Sinking Fund
Interest
Compound Interest
12
True or False: Amount you save is how much money you have at the end of the month.
False
True
13
What is my favorite number?
3
37
27
7
14
At our age, a fully funded emergency fund should be?
$1,000
$100
$5,000
$500
15
Instead of borrowing money for large purchases, you should set money aside in an __ overtime.
Emergency Fund
Sinking Fund
Mortgage Fund
Credit Card Fund
16
The Five Foundations - The Fourth Foundation
Pay cash for college
Start a savings account
Build wealth and give
Pay cash for your car
17
An emergency fund allows you to have money available for any surprise ______.
Problems
Expenses
Spending
Debt
