Chapter 1 Review: Dave Ramsey Middle School Edition

Front

What percentage of personal finance is behavior?

Back

80%

Front

Debt is owing money to anyone for any reason.

Back

True

Front

What percentage of personal finance is head knowledge?

Back

20%

Front

Whenever you receive money as a gift or for work, take _______ and put it away for savings.

Back

Some of it

Front

Investments are things that are purchased with an expectation that they will _______.

Back

Grow in value

Front

_______ on credit is a fee you pay on top of the money you already owe.

Back

Interest

Front

A debit card only allows you to use the money you _______ in the bank.

Back

Already have

Front

It’s important to have a(n) _______ for what you’re going to do with your money.

Back

Plan

Front

This plan for your money is called a(n) _______.

Back

Budget

Front

Using a credit card means you _______ to buy stuff.

Back

Use Debt