Dave Ramsey Final

What is the best kind of debt?

• College Debt

• Mortgage Debt

• Financing a Car

• None of the above

What is a fee paid by a borrower to the lender for the use of borrowed money?

• Interest

• loan

• debt

• credit

Tags

CCSS.7.RP.A.3

What is an obligation of repayment owed by one party to a second party?

• Economy

• Debt

• Loan

• birthday cake

When it comes to managing money, success is about _____% head knowledge and _____%behavior

• 50 50

• 60 40

• 20 80

• 80 20

Tags

CCSS.6.RP.A.3C

What is the act of matching your bank statement with your checkbook?

• Balance

• Reconcile

• matching

• A & B

What is cash flow plan that assigns an expense to every dollar of your income, wherein the total income minus the total expenses equals zero?

• Cash Flow Statement

• Zero -Based Budget

• Envelope System

• Carbon Check

Doing a budget does not:

• Make your money go further

• Make overspending more likely

• Show if you are overspending in an area

• Remove guilt and shame sometimes associated with purchases

What is a debit cart?

• Money that is loaned from the bank and put on a card for you to spend.

• Money that is used to buy a car

• Money that is barrowed from your parents

• Money that comes from you checking account and is dispersed by a card.

True or False: It is important to have both a paper and electronic record for your finances.

• True

• False

• Maybe

• All of the above

The number-one cause of divorce in North America today is stress and disagreements over money.

• A Maybe

• B False

• C True

• Both A & B

Tags

CCSS.RL.11-12.6