The rate at which a price to an item goes up over time

What is an interest rate used for

A way for banks and credit card businesses to make money

Why is money management importent

It will help you in your journey of wealth, Because its mandatory

the rate at which the price of money falls and rises

Why should you start saving at a young age

So you can over all retire with alot of money

Why do people use credit cards

Dont have enough cash and they want the item now

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Dave Ramsey Ch2

15 termsStudBud Administration44 plays

saving

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Questions 15

Answers

1
Who was the 15th president
Abe lincoln
Franklin Pierce
James Buchanan
I dunno
2
What is interest
something to screw you over when using a credit card
The rate at which a price to an item goes up over time
The rate at which your money in the bank grows
none of these
3
What is sinking fund
none of the above
where you buy the item over time by using monthly payments
Saving up and paying with cash
When you use a credit card and pay it off
4
What is saving
Having money leftover from a deal or discount
Having a little extra spending cash
Putting money in the bank
All the above
5
What is an interest rate used for
To make people go broke
Something used to make people mad
A way for banks and credit card businesses to make money
6
About how much should you start out with in your emergency fund
250
500
all of your money
420
7
Saving habits depend on your income
Yes
No
Inbetween
Depends
8
What is a reason to save money
to have some spending money
To give money to friends
for big purchases
B and C
9
What is the 1st foundation of the five
to save money
put 500 in the emergency fund
make an emergency fund
Make a drawn out plan
10
Why is money management importent
It will help you in your journey of wealth
Because you need to
Because its mandatory
11
What are 3 reason to save
To build wealth
For emergancies
for big purchases
all the above
12
What is not a reason to save money
To loan out money to friends and family
to spend on lottery tickets
Just to have it
All the above
13
What is inflation
the rate at which the price of money falls and rises
When you put air/helium in a ballon
14
Why should you start saving at a young age
So you can eventually out buy your friends
just because
So you can over all retire with alot of money
15
Why do people use credit cards
Because they want to
Dont have enough cash and they want the item now
dont like to carry around cash

Dave Ramsey Ch2 Flashcards | StudBud