Dave Ramsey Budgets

Which is good advice for saving and spending money?

• Spend all of your allowance as soon as you earn it.

• Use a budget to plan how much money you can save.

• Try to buy things that you want before the things that you need.

• Buy things you use only once, and then throw them out.

A plan on how to spend and save money

• Saving

• Spending

• Budget

• Income

A _______ makes an effective personal money management tool to live within one's income.

What is the primary purpose of a budget according to Dave Ramsey?

• To track expenses

• To plan for future spending

• To eliminate debt

• To increase income

Which of the following is a key component of Dave Ramsey's budgeting method?

• Investing in stocks

• Using credit cards

• The envelope system

• Taking out loans

According to Dave Ramsey, what should be prioritized in a budget?

• Entertainment expenses

• Emergency fund

• Luxury items

• Travel expenses

What is the 'zero-based budget' concept promoted by Dave Ramsey?

• Spending all income on needs

• Allocating every dollar a purpose

• Saving all income

• Investing all income

Which of the following is NOT a step in Dave Ramsey's budgeting process?

• Creating a budget

• Tracking expenses

• Ignoring debt

• Adjusting the budget

What does Dave Ramsey suggest doing with leftover money in a budget?

• Spend it on entertainment

• Save it for emergencies

• Invest in stocks

• Donate to charity

How often does Dave Ramsey recommend reviewing your budget?

• Annually

• Monthly

• Weekly

• Daily