Final post test review - Personal Foundations Dave Ramsey

Front

What is Dave Ramsey's First Foundation of Personal Finance? Options: Save Money, Don't spend money, $25 Emergency Fund, $500 Emergency Fund

Back

$500 Emergency Fund

Front

What is an example that you can use the $500 Emergency Fund for? Options: Groceries, Car broke down, Your friend needs $50, Black Ops III

Back

Car broke down

Front

Is it a good idea to keep your Emergency Fund mixed with your everyday spending money?

Back

No

Front

What is the Second foundation of personal finance? Options: Get out of Debt, Buy Stuff, $100 Emergency Fund, Finance your Car

Back

Get out of Debt

Front

What is the Third foundation of Personal Finance? Options: Pay cash for stuff, 5 year financing on car purchases, Pay cash for your car, 4 year financing on car purchases

Back

Pay cash for your car

Front

What is the Fourth foundation of Personal Finance? Options: Go to a cheap college, Avoid Private Schools, Get financial aid, Pay cash for college

Back

Pay cash for college

Front

What is the Fifth foundation of Personal Finance?

Back

Build Wealth and Give

Front

What helps your 401(k) grow so much? Options: Compound Interest, Good Brokers, Working Really Hard

Back

Compound Interest

Front

Which of the following would not be a huge financial risk (and, therefore would not require insurance) if you had a full emergency fund of $500 or more? Options: You lose your cell phone, A medical emergency, Your identity gets stolen, A car accident

Back

You lose your cell phone

Front

The time between the disabling event and the beginning of payments in your disability coverage is called:

Back

Elimination Period