Duplicate of Ch. 3 Budgeting (Dave Ramsey)

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

Budgeting is crucial to your financial success

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

Percentage of Americans living paycheck to paycheck

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

Car repairs are a:

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

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

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

A written cash flow plan

Series of these are divided into categories & are store cash for planned monthly expenses.

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

Which of the following records would have the most current balance?

Your monthly budget should include:

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

The act of matching your bank statement with your checkbook

Rent or a mortgage is a:

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

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

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

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

Which is something that a typical millionaire would do?

A copy of each check you write

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

A debit card cannot be used for online purchases

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

Groceries are a:

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

Doing a budget does not:

Occurs when money is withdrawn from a bank account and the available balance goes below zero

Eating out is a