Ramsey Ch 3 Savings

Front

Compares after-tax income to the money people spend on a variety of items.

Back

Savings Rate

Front

The persistent rise in the cost of goods and services.

Back

Inflation

Front

Which of the following is a reason that people donʹt save money?
they lack discipline,
they do not live on a budget,
they lack focus,
all of the above

Back

all of the above

Front

When it comes to saving money, the amount you save is determined by how much you have left at the end of the month once all of your spending is done.

Back

False

Front

The five steps to financial success.

Back

Five Foundations

Front

At your age, a fully funded emergency fund should be: $500, $5,000, $100, $1,100

Back

$500

Front

Which of the following steps is the First Foundation? Get out of debt, build wealth and give, save a $500 emergency fund, pay cash for your car

Back

save a $500 emergency fund

Front

The first thing you should save for is your retirement fund.

Back

false

Front

Instead of borrowing money for large purchases, you should set money aside in a _________ over time and pay with cash.

Back

sinking fund

Front

Saving money over time for a large purchase.

Back

Sinking Fund