Dave Ramsey Ch. 1 Review Part 2: Foundations in Personal Finance

Front

When is it okay to use a credit card?

Back

Never

Front

When is the best time to take control of your finances?

Back

Right now

Front

Is this class going to influence the rest of your life?

Back

Yes

Front

What are the correct percentages for personal finance?

Back

80% Behavior, 20% Head Knowledge

Front

The Average American Family has an average student loan debt of approximately __________ (p.17)

Back

$32,000

Front

The Average American Family has an average credit card debt of approximately __________ (p.17)

Back

$16,000

Front

Learning the language of money means deciding where your money is going to go ___________ you get your paycheck.

Back

Before

Front

A fee paid by a borrower to the lender for the use of borrowed money. (p.26)

Back

Interest

Front

All of the decisions and activities of an individual or family regarding their money, including spending, saving, budgeting, etc.

Back

Personal Finance

Front

A person or organization that buys/uses goods or services.

Back

Consumer