Dave Ramsey- Chapter 1 Review w/ Fefe

In SMART goals, what does the T stand for?

Which of the following would contribute most to a positive financial well-being?

Specifically stating when the goal will be reached is what part of the SMART goal?

The knowledge & skill set necessary to be an informed consumer and manage finances effectively

Where can you find an updated table of contents?

Writing the exact dollar amount is what part of the SMART goal?

Which of the following would contribute the most to intellectual well‐being?

When should electronic devices be put away?

In SMART goals, what does S stand for?

If you really want something but don't quite have the money do you

what is financial well being?

A person or organization that uses a product or service

What is the average mortgage debt

A debt evidenced by a “note,” which specifies the principal, interest rate & date of repayment

Which of the following falls into financial well-being?

What is financial planning?

Carl wins $10k on the lottery. He owes $5k on a car payment. What should he do first?

A system by which goods and services are produced and distributed

Which of the following is not a key component of financial planning?

Playing outside increases what part of your well-being?

Analyzing the consequence of goal to make sure it's attainable is what part of the SMART goal?

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

How many bathroom breaks do you get per 9 weeks?

There are 7 key component of financial planning

Money is a ______. It's up to you to manage it

In SMART goal, what does the M stand for?

Stating exactly what is to be done with the money involved is what part of the SMART goal?

In SMART goals, what does the R stand for?

Joining a club/being an active member in a community contributes to well-being in which domain?

Creating a plan outlining exactly how the goal can be reached is what part of the SMART goal?

Which is not one of the 5 well-being domains?

Why is making a budget plan and goal important to your financial life?

What is an example of good physical well-being

Sarah studies everyday for 10 minutes. What well-being domain is she improving?

Replace money ____ with money truths

What does it mean to barter?

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

Where do you get the work you missed when you are absent?

Being involved in an outside of school social group increases what type of well-being

Which money personality is being smart with money and knowing how to budget it?

Knowing the _______ of money allows you to tell your money what to do

In SMART goals, what does the A stand for?

What is the average credit card debt for Americans?

The average student loan debt is