Dave Ramsey's 7 Baby Steps

Dave Ramsey's 7 Baby Steps

9th Grade

10 Qs

quiz-placeholder

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Dave Ramsey's 7 Baby Steps

Dave Ramsey's 7 Baby Steps

Assessment

Quiz

Life Skills

9th Grade

Easy

Created by

Fred Whitley

Used 15+ times

FREE Resource

10 questions

Show all answers

1.

MULTIPLE CHOICE QUESTION

30 sec • 1 pt

What is the first baby step in Dave Ramsey's 7 Baby Steps?

Save $1,000 for a starter emergency fund

Invest in stocks

Pay off all debt

Buy a new car

2.

MULTIPLE CHOICE QUESTION

30 sec • 1 pt

What does Dave Ramsey recommend as the first thing to do when starting the baby steps?

Save $1,000 as an emergency fund

Start a vacation fund

Take out a loan for a new car

Invest in a high-risk stock

3.

MULTIPLE CHOICE QUESTION

30 sec • 1 pt

What is the second baby step in Dave Ramsey's 7 Baby Steps?

Pay off all debt except for the house using the debt snowball method

Start a college fund for the kids

Invest in the stock market

Buy a new car

4.

MULTIPLE CHOICE QUESTION

30 sec • 1 pt

According to Dave Ramsey, how much should you save for your emergency fund in Baby Step 3?

3 to 6 months' worth of expenses

1 to 2 weeks' worth of expenses

No need to save for an emergency fund

12 to 18 months' worth of expenses

5.

MULTIPLE CHOICE QUESTION

30 sec • 1 pt

What is the fourth baby step in Dave Ramsey's 7 Baby Steps?

Pay off all debt using the debt snowball

Invest 15% of your household income into Roth IRAs and pre-tax retirement plans

Buy a new car with the extra income

Start saving for your children's college fund

6.

MULTIPLE CHOICE QUESTION

30 sec • 1 pt

What does Dave Ramsey advise to do with your mortgage in Baby Step 6?

Stop making mortgage payments

Refinance to a longer term

Take out a second mortgage

Pay off your mortgage early

7.

MULTIPLE CHOICE QUESTION

30 sec • 1 pt

What is the final baby step in Dave Ramsey's 7 Baby Steps?

Build wealth and give generously

Invest in risky ventures and be stingy with money

Spend recklessly and give nothing

Live on a strict budget and save aggressively

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