Dave Ramsey Ch 11 Test

Front

It's best to develop good ____ now instead of waiting until you're on your own to figure it all out.
Options: Money habits, Diet and exercise plans, Real estate investments, Friendships

Back

Money habits

Front

Renting is a great option for many people.

Back

True

Front

Your rent payment should total no more than ____% of your take-home pay.

Back

25

Front

What does cost of living refer to?

Back

The average cost of the basic goods and services needed to maintain a certain standard of living

Front

When you're ready to buy a house, the best option is a ____

Back

15-year fixed-rate conventional mortgage

Front

You should rent until you are able to ____.

Back

Buy a home the right way

Front

Buying a house while ____ can put your ____ at risk.

Back

In debt; home purchase

Front

Living on campus at college will help you ____ living on your own, while living off campus will require you to ____.

Back

Ease into; pay for rent, utilities, and groceries

Front

Your decision to rent or buy depends on your ____.

Back

Financial situation

Front

A house is an asset that typically will ____ value over time.

Back

Increase in