WorksheetsDave Ramsey Budget
Total questions: 22
Worksheet time: 11mins
Income that comes in at different amount or different times or both
budget
irregular income
fixed income
gross income
a series of envelopes that are divided into categories and are used to store cash for planned monthly expenses
intermittent expense
variable expense
envelope system
cash- flow statement
a plan for how you spend your money
budget
discretionary expense
commission
gross income
this type of expense stays the same each month
fixed income
variable expense
discretionary expense
fixed expense
earnings based on a percentage of sales made
commission
variable income
irregular income
net income
expenses that occur at various times throughout the year and tend to be in large lump sums
variable expense
intermittent expense
fixed expense
discretionary expense
what a person earns after payroll taxes and other deductions are taken out
irregular income
commission
gross income
net income
an expense that changes based on usage
fixed expense
variable expense
discretionary expense
intermittent expense
which of the following is NOT a fixed expense
car payment
house/mortgage payment
groceries
subscription like netflix or hului
which of the following expenses would you use an envelope system for?
car payment
house payment
eating out
credit card payments
your monthly budget should include
income
variable expenses
fixed expenses
all of the above
the envelope system works best for managing spending on things that don't normally have a fixed monthly expense
true
false
tracking your expenses will help you stick to your budget
true
false
a cash flow plan that assigns every dollar of your income to an expense
budget
fixed income
cash-flow statement
zero-based budget
when using a zero-based budget, your income - your outgo equals _____
$200
$100
whatever is left over will go into savings
$0
all are categories of your budget except
debt loans
giving
saving
spending
when calculating income for a budget, what must you do when given an annual income?
multiply by 52
divide by 10
divide by 12
multiply by 12
Dave says to put what percentage into the giving category?
5%
10%
15%
20%
what percentage of your income should go towards retirement?
20%
5%
10%
15%
a fixed expense is one that changes every month
true
false
money received for work, as a gift, or through investments
income
variable income
variable expense
commission
expense for things you don't need
intermittent expense
fixed expense
discretionary expense
variable expense
