A consequence of overdrawing your checking account is?

Bounced check fee from the store, Overdraft fee from your bank, Stress from money mismanagement

What is a Cash Flow Plan?

Summary that shows total income and spending.

NOT doing a budget does what?

Makes overspending more likely.

What should you include in your monthly budget?

Fixed Expenses, Variable Expenses, Discretionary Expenses

What is a check register?

It's a check register., Your own record of all your transactions.

What is a Carbon Check?

A copy of each check you write.

What is NOT a wealth building habit?

Make a budget for your emergency fund

The number-one cause of divorce in North America today is?

Stress and disagreements over money.

This one might., This answer will give you points.

"Pay yourself first" means what?

U should assign a portion of ur income 2 saving & investing.

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Chapter 3 - Dave Ramsey

15 termsStudBud Administration370 plays

Money Management

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Questions 15

Answers

1
A consequence of overdrawing your checking account is?
This answer is NOT correct ;)
Bounced check fee from the store
Overdraft fee from your bank
Stress from money mismanagement
2
How often it is necessary to reconcile your checking account?
Everyday.
Once a week.
Twice a month.
Every month.
3
What is a Cash Flow Plan?
A copy of each check you write.
To match your bank statement with your checkbook.
Summary that shows total income and spending.
A written cash flow plan.
4
NOT doing a budget does what?
Makes overspending easier and more fun.
Makes overspending less likely.
Makes overspending more likely.
Makes overspending harder and less fun.
5
Positive net worth is when?
You owe more than you own.
You spend less money than you have to.
When you spend too much money.
You own more than you owe.
6
Envelopes that r divided into categories & r used 2 store cash 4 planned monthly expenses.
Cash Flow System
Cash Flow Plan
Envelope System
Envelope Plan
7
What should you include in your monthly budget?
Fixed Expenses, Variable Expenses, Discretionary Expenses
Fixed Expenses, Phone Bill, Swimming Lesson Bill
Variable Expenses, Emergency Fund, Money for your neighbors
Emergency Fund, Discretionary Expenses, Fixed Variables
8
What is a check register?
An item that is bought without previous planning.
A written plan for saving and spending.
It's a check register.
Your own record of all your transactions.
9
What is a Carbon Check?
A copy of each check you write.
A written cash flow plan.
Various payment options that come with a checking account.
Your own record of all your transactions.
10
What is NOT a wealth building habit?
Use a monthly budget
Make a budget for your emergency fund
Use gifts and extra money wisely
Pay Yourself First
11
The number-one cause of divorce in North America today is?
Disagreements over money and getting a divorce.
Stress and fighting over things.
Stress and disagreements over family.
Stress and disagreements over money.
12
Last Question.
This one might.
This one will not.
This one might.
This answer will give you points.
13
Percentage of Americans who are living paycheck to paycheck.
70%
75%
80%
30%
14
"Pay yourself first" means what?
You should assign a portion of your income to investing.
You should assign a portion of your income to saving.
U should assign a portion of ur income 2 saving & investing.
You shouldn't assign any of your income to anything.
15
To match your bank statement with your checkbook.
Matching Game
Reconcile
Zero-Based Budget
Net Worth

Chapter 3 - Dave Ramsey Flashcards | StudBud