Clark's Ch. 2 Budgeting (Dave Ramsey)

Groceries are a:

Budgeting is crucial to your financial success

If you write a zero-based budget every month, it is not necessary to reconcile your account

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

A written budget, if followed, removes _________ from your finances

Setting up automatic account transfers is the easiest way to build your savings

These are divided into categories & store cash for planned monthly expenses.

PYF means you should assign a portion of your income to saving and investing every month

The following are guidelines for budgeting with an irregular income except:

Cash flow plan that assigns an expense to every $ of income, total income-total expenses=zero

Car repairs are an:

Which of the following is not a record-keeping feature you could expect from your bank?

A monthly written plan including income and outcome.

A debit card cannot be used for online purchases

When you have debt and struggle to pay your bills, how can you still give each month?

According to Ramsey, which is something that a typical millionaire would do?

Digital budgets are better than paper.

Doing a budget:

Your budget should have how many categories?

Your monthly budget should include:

The envelope system works for managing spending on things that don't have a fixed monthly expense

The zero-based budget is the best method of budgeting because:

Eating out is a

How does your money personality affect your relationship with money?

The act of matching your bank statement with your checkbook

Most Amercian know they should budget but only______% actually budget.

Having more than one bank account is never a good idea since it can complicate money management

Rent or a mortgage is a:

Online bill pay allows you  to make payments without having to write and mail a check

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