Dave Ramsey etc

Which of the following is a reason that people donʹt save money?

• they lack discipline

• they do not live on a budget

• they lack focus

• all of the above

Tags

CCSS.RI.8.1

CCSS.RI.8.8

CCSS.RL.11-12.1

CCSS.RL.8.1

CCSS.RL.9-10.1

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

• $500

• $5,000

• $100

• $1,100

Which of the following is not a reason your emergency fund should be kept in a separate savings account away from your spending money?

• So that you do not get your spending and saving money confused.

• So that it is clear what money is only to be used for emergencies.

• So that it is not too easy to access.

• So that your emergency fund savings can earn a lot of interest.

Why is having a fully funded emergency fund so important when it comes to your financial well-being?

• As long as you have a good-paying job, you really donʹt need an

  emergency fund.

• The purpose of an emergency fund is to set money aside for unexpected financial emergencies and to provide a sense of financial security.

• The purpose of an emergency fund is to have money set aside for large purchases, like vacations.

• None of the above

Personal finance is ____% behavior and ____% knowledge.

• 50, 50

• 80, 20

Tags

CCSS.6.RP.A.3C

The reason debt has become a problem in America is because

• loaning money became profitable for banks and other businesses

• Americans are forced to get loans.

Tags

CCSS.RI.8.1

CCSS.RI.8.8

CCSS.RL.11-12.1

CCSS.RL.8.1

CCSS.RL.9-10.1

We are told that debt is normal. It has become acceptable in our culture to use credit to buy ___________________.

• Clothes

• Jewelry

• Food

• EVERYTHING

Personal financial success is primarily the result of:

• Managing your money behavior

• Winning the lottery

• Generous welfare and unemployment programs

• Inheriting money from your relatives

Tags

CCSS.RI.8.2

CCSS.RL.11-12.2

CCSS.RL.7.1

CCSS.RL.8.1

CCSS.RL.9-10.2

Which of the following is not a true statement:

• Americans learned to borrow during post WWII prosperity

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

• After 1970, consumer debt skyrocketed

• As banks made profits, they lent more money to consumers

Tags

CCSS.RI. 9-10.2

CCSS.RI.11-12.2

CCSS.RI.8.2

CCSS.RL.11-12.2

CCSS.RL.9-10.2

What is the 5th Foundation?

• Get out of Debt

• Pay Cash for College

• Pay Cash for Car

• $500 Emergency Fund

• Build Wealth and Give