Dave Ramsey - Chapter 1 & 2

Flashcard
•
Mathematics
•
7th Grade
•
Hard
+12
Standards-aligned
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15 questions
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1.
FLASHCARD QUESTION
Front
What is a liability?
Back
A liability is money you owe; a debt.
2.
FLASHCARD QUESTION
Front
What is the best way to buy a car?
Back
The best way to buy a car is to save up and pay cash for a used car in your price range.
3.
FLASHCARD QUESTION
Front
What allows invested money to grow over time?
Back
Compound Interest allows invested money to grow over time.
4.
FLASHCARD QUESTION
Front
What is the First Foundation in Dave Ramsey's plan?
Back
The First Foundation is to save a $500 emergency fund.
5.
FLASHCARD QUESTION
Front
What does personal finance refer to?
Back
Personal finance refers to all the money decisions a person or family must make in order to earn, budget, save, and spend money over time.
6.
FLASHCARD QUESTION
Front
What is an emergency fund?
Back
An emergency fund is money set aside to cover unexpected expenses.
7.
FLASHCARD QUESTION
Front
What is the purpose of budgeting?
Back
The purpose of budgeting is to plan how to spend your money wisely.
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