Dave Ramsey Chapter 2 Review

Front

When you are creating your monthly budget, what is the first priority under "Expenses"?

Back

Giving

Front

What will tracking expenses help you do? Stick to a budget, Catch errors, Make adjustments, All of these

Back

All of these

Front

What is your biggest wealth-building tool? Options: Income, Investments, Savings Account, Inheritance

Back

Income

Front

What is it called when you make money on the percentage of the total sales you make?

Back

Commission

Front

A(n) _________ should account for fixed, variable, intermittent, and discretionary expenses based on income.

Back

Zero-based Budget

Front

A(n) _________ stays the same from month to month.

Back

Fixed Expense

Front

A(n) _________ needs to be evaluated in light of your other expenses for the month.

Back

Discretionary Expense

Front

To budget with a(n) ________, prioritize expenses from most to least important so your most important expenses are covered first.

Back

Irregular Income

Front

The cost of groceries and gas is considered a(n) ________.

Back

Variable Expense

Front

Taxes and withholdings impact your _______, which is the amount of money you take home on your paycheck.

Back

Net Income