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WorksheetsChapter 1 Review: Dave Ramsey Middle School Edition
Total questions: 18
Worksheet time: 35mins
What percentage of personal finance is behavior?
10%
20%
80%
90%
Debt is owing money to anyone for any reason.
True
False
What percentage of personal finance is head knowledge?
80%
20%
30%
50%
Whenever you receive money as a gift or for work, take _______ and put it away for savings.
All of it
None of it
Some of it
Exactly 90%
Investments are things that are purchased with an expectation that they will _______.
Grow too slowly
Diminish in results
Decrease over time
Grow in value
_______ on credit is a fee you pay on top of the money you already owe.
Interest
Mortgage
Savings
Equity
A debit card only allows you to use the money you _______ in the bank.
Already have
Could have
Don't have
Still need
It’s important to have a(n) _______ for what you’re going to do with your money.
Wish
Idea
Plan
Desire
This plan for your money is called a(n) _______.
Lesson
Organizer
Schedule
Budget
Using a credit card means you _______ to buy stuff.
Barter clothing
Use Debt
Use cash
Never decide
Needs are things you have to have. Wants are _______ but _______ to survive.
Fun; not necessary
Helpful; absolutely necessary
Concerning; somewhat necessary
Annoying; rarely helpful
It is important to _______ if you are a saver or a spender.
Identify
Not Care
Avoid Observing
Thoughtfully Consider
Savers will _______ save money.
Never
Forget to
Naturally
Conditionally
Spenders will naturally _______ money.
Collect
Spend
Save
Hoard
When you become the opposite of selfish, you become _______.
Self-Absorbed
Selfless
Self-concerned
Self-respected
You can give by giving of your time.
True
False
_______ people are not fun to be around.
Entertaining
Compassionate
Thoughtful
Selfish
There are three basic reasons to save money: Emergency Fund, _______, and Wealth Building.
Credit Cards
Purchases
Student Loans
Car payments
