Dave Ramsey Budgeting 3.1

Doing a budget does not

• Show if you are overspending in an area

• make overspending more likely

• remove guiltand shame sometimes associated with a purchase

• make your money go further

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

• True

• False

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CCSS.RL.11-12.6

Budgeting is crucial to your financial success.

• True

• False

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CCSS.7.RP.A.3

CCSS.7.EE.B.3

CCSS.7.NS.A.1

CCSS.7.NS.A.3

Doing a budget does not:

• Show if you are overspending in an area

• Remove guilt and shame sometimes associated with a purchase

• Make overspending more likely

• Make your money go further

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CCSS.7.RP.A.3

CCSS.7.RP.A.2

Which of the following is something that a typical millionaire would do?

• Spend less money than he or she makes

• lease a new car

• replace things that are not broken

• carry debt

Budgeting is crucial to your financial success.

• True

• False

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CCSS.7.RP.A.3

CCSS.7.RP.A.2

CCSS.7.EE.B.3

CCSS.7.EE.B.4

CCSS.7.NS.A.1

CCSS.7.NS.A.3

The time frame of a personal budget is:

• 1 week
• 1 month
• 6 months
• Annual

Explain four reasons people hate a budget.

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CCSS.RI.8.1

CCSS.RI.8.8

CCSS.RL.11-12.1

CCSS.RL.8.1

CCSS.RL.9-10.1

It is okay to use a credit card if you pay it off every month (according to Dave)

• true
• false

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CCSS.7.RP.A.3

CCSS.7.RP.A.2

Detailed plan of how you are going to use your money to pay for things you want and need.

• Budget

• Income

• Periodic Expenses

• Cash Flow

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CCSS.7.RP.A.3

CCSS.7.EE.B.3

CCSS.7.EE.B.4