Dave Ramsey-Ch 1 & 2

Building wealth is a sprint, start fast and go really fast.

Your income level greatly affects your saving habits.

Which of the following was NOT a reason to save according to Dave Ramsey?

Dave says you must include FUN in your budget!

What should you do to NOT to be "money smart"

A system by which goods and services are produced and distributed

When it comes to managing money, success is about % head knowledge and % behavior.

Money is amoral!

Where should you keep your emergency fund?

What is a sinking fund?

How much should be in your (high School student) emergency fund?

A debt evidence by a “note which specifies the principal amount, interest rate.

The granting of a loan and the creation of a debt; any form of deferred

How does marketing affect your decisions when it comes to spending money.

A savings account that is set aside to be used only for emergency

Being money smart mean you decide where your money is going AFTER you get your paycheck!

Which of the following in NOT a Key Component of Financial Planning?

An account that generates interest income on the available balance in the account.

What is the key ingredient to wealth building?

increase in the cost of goods & services or the decline in the purchasing power of money.

______ out of 10 families live Pay Check to Pay Check

Which of the following is NOT one of the 5 foundations?

Which of the following is NOT a level of financial well-being?

A fee paid by a borrower to the lender for the use of borrowed money

A person or organization that buys/uses goods or services.