Dave Ramsey Chapter 1 Test Prep

This is a person or organization that uses a product or service

• Hungry Person

• Loan Shark

• Consumer

• Asset

The knowledge and skill base for people to be informed consumers and manage their money effectively

• Personal Finance

• Debt

• Financial Literacy

• Net Worth

Tags

CCSS.HSA.SSE.A.1

CCSS.HSA.SSE.B.4

All of the financial decisions an individual or family must make about their money

• Give to Others

• 5 Foundations

• Living the Dream

• Personal Finance

The percentage of principal charged by the lender for the use of its money

• Default Rate

• Interest Rate

• Pay Rate

• Debt

Tags

CCSS.HSF.LE.B.5

The additional $ Cost a lender charges for borrowing their money

• Interest Rate

• Interesting

• Interest

• Interestingly

Money owed to another person or company

• Interest Rate

• Assets

• Debt

• Credit Card

The total wealth of a person/family taking into account all of their assets and liabilities

• Total Value

• Net Worth

• Mega Assets

• Full Liabilities

Tags

CCSS.HSA.SSE.A.1

CCSS.HSA.SSE.B.3

Anything that is owned by an individual or family, including money, investments, collectibles, autos, etc.

• Liability

• Bank Roll

• Asset

• Foundation #2

Financial debts or obligations

• Liability

• Assets

• Bank

• Diabetes

How you describe a person or family whose monthly income barely gets them through the month and they have no savings

• Living the Dream

• Living Paycheck to Paycheck

• Living Peanuts to Carrots

• Living the Drip Cap Life