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Worksheets

Dave Ramsey Ch.1 Section 2-3

Total questions: 27

Worksheet time: 14mins

Name
Class
Date
1.

Prior to the 1970’s, debt was something most Americans were ashamed of.

a)

True

b)

False

2.

Buying things on credit was extremely rare before which year?

a)

1949

b)

1925

c)

1962

d)

1917

3.

The average student loan debt is about

a)

$30,000

b)

$12,000

c)

$18,000

d)

$6,000

4.

A lot of people you think “look” wealthy are completely broke.

a)

True

b)

False

5.

Credit cards and car loans are a great idea for most people.

a)

True

b)

False

6.

Personal finance is ____% behavior and ____% knowledge.

a)

30, 70

b)

50, 50

c)

80, 20

d)

20, 80

7.

Being like everyone else means being broke and in debt.

a)

True

b)

False

8.

Things are always as they seem.

a)

True

b)

False

9.

In America, being “normal” is ______.

a)

wealthy

b)

broke

10.

The debt system helps people gain wealth.

a)

True

b)

False

11.

You should always use a credit card for purchases.

a)

True

b)

False

12.

Who profits from interest on credit card debt?

a)

People using credit cards

b)

Credit card companies

c)

Retail stores

d)

The government

13.

Americans today charge over __________ a year on their credit cards.

a)

2 billion

b)

25 billion

c)

1 trillion

d)

82 billion

14.

If you put what you learn into practice, you can

a)

Tell your money what to do

b)

Become wealthy quickly

c)

Get better loan options

d)

Have multiple credit cards

15.

Debt can cause stress and gets in the way of pursuing your dreams and passions.

a)

True

b)

False

16.

To manage money successfully, you must understand the _________ of money.

a)

Language

b)

Personality

c)

Value

d)

History

17.

The best way to manage money is to learn how to manage __________.

a)

You

b)

Others

c)

Credit cards

d)

Income

18.

We all have strengths and weaknesses when managing our money.

a)

True

b)

False

19.

Only accountants and financial experts can win with money.

a)

True

b)

False

20.

You need to learn how to manage your money __________.

a)

Value

b)

Behavior

c)

Vocabulary

d)

Savings

21.

Being “money smart” is very difficult and takes a lot of time to learn.

a)

True

b)

False

22.

Financial level: simply income, bills, and hope there is enough money to get you to the end of the month.

a)

Survival

b)

Comfort

c)

Secure

23.

Financial level: basic understanding of money management; still income and bills; however, you pay yourself first; small monthly surplus you use to save and invest.

a)

Survival

b)

Comfort

c)

Secure

24.

Financial level: you arrange your finances in such a way that your wealth now generates your income; your money actually works for you.

a)

Survival

b)

Comfort

c)

Secure

25.

First basic "money smart" principle.

a)

Start learning the language of money

b)

Need to be comfortable with basic math

c)

Learn how to manage your behavior with money

26.

Second basic "money smart" principle.

a)

Start learning the language of money

b)

Need to be comfortable with basic math

c)

Learn how to manage your behavior with money

27.

Third basic "money smart" principle.

a)

Start learning the language of money

b)

Need to be comfortable with basic math

c)

Learn how to manage your behavior with money