Dave Ramsey Post Test Review

Which of the following is not a true statement?

• After 1970, consumer debt skyrocketed.

• Americans learned to borrow amidst post WW-II prosperity

• The credit industry in America has not changed much since 1917

• As banks made higher profits, they were willing to lend more money to consumers.

When it comes to managing money, success is about _% knowledge and _ % behavior.

• 50, 50

• 20, 80

• 60, 40

• 80, 20

Which of the following is a consequence of spending more than you make?

• Stress

• Missed opportunity to save and invest

• A cycle of debt

• All of these

When it comes to Personal Finance the Math is easy. What's challenging is managing your

• Income

• Behavior

• Friends

• Bank Account

At your age, a fully funded emergency fund should be:

• 100

• 500

• 1000

• 5000

For which of the following would you save?

• Purchases

• Emergency fund

• Wealth Building

• All of these

Which of these is not a key to saving money?

• your income

• focus

• making saving a habit and a priority

• discipline

Americans typically maintain a very high savings rate

• True

• False

Groceries are a _____________________ expense

• fixed expense

• discretionary expense

• variable expense

• intermittent expense

Car repairs are a:

• Fixed expense

• intermittent expense

• variable expense

• discretionary expense