Dave Ramsey You and Money

Front

What is a common money myth according to Dave Ramsey?

Back

Everyone has student loan debt.

Front

What is the knowledge and skillset necessary to be an informed consumer and manage finances effectively?

Back

Financial Literacy.

Front

What is a cash flow plan that assigns every dollar of your income to an expense?

Back

Zero-based budget.

Front

What type of expense stays the same each month?

Back

Fixed expense.

Front

Does having debt keep you from building wealth?

Back

True.

Front

What is the term for money that is available to spend or save?

Back

Cash flow.

Front

What is the difference between fixed and variable expenses?

Back

Fixed expenses remain constant, while variable expenses can change month to month.

Front

What is the purpose of a budget?

Back

To plan and control spending.

Front

What does it mean to live within your means?

Back

Spending less than or equal to your income.

Front

What is an emergency fund?

Back

A savings account set aside for unexpected expenses.