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Dave Ramsey Wellbeing review| Questions Solved with Verified Correct Answers | Latest Update
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Dave Ramsey Wellbeing review| Questions Solved with Verified Correct Answers | Latest Update
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Dave Ramsey Wellbeing review|Questions Solved with Verified Correct
Answers | Latest Update 2024-2025
One of the most effective ways to prevent overspending is by using what system? - ANSWER
envelope system
The Consumer Equity Sheet (or Balance Sheet) will help you determine what? - ANSWER your
net worth, how much you owe, how much you own
The difference between secured and unsecured debt is whether or not a debt has any
collateral attached to it. - ANSWER true
Most college students really don't need a will. - ANSWER false
What is a zero-based budget? - ANSWER A budget where every dollar has a name
A budget usually takes about how long to get used to? - ANSWER 3 months
Your monthly cash flow plan should always include an amount for "Blow Money". -
ANSWER true
The goal of a zero-based budget is to make sure you have extra money left over on your
cash flow plan. - ANSWER false
, The best investment in life you can make is investing in __________. - ANSWER yourself
The Allocated Spending Plan form will help you manage your income and spending as it
comes and goes throughout the month. - ANSWER true
You need to reconcile your bank statement once every year. - ANSWER false
Bounced checks are a sign of _________ living - ANSWER crisis
You will pay interest on debit card purchases. - ANSWER false
People who don't earn a consistent monthly salary do not have to do a budget. - ANSWER false
A budget will always be the same each and every month. - ANSWER false
What would account for a difference in balances in your checkbook registry and bank
statement after reconciling the two? - ANSWER an error or omission, outstanding checks that
didn't clear, deposits that did not post
Another name for cash flow plan - ANSWER budget
Your budget should include - ANSWER fixed expenses, variable expenses, money to blow
Process used to determine if the balance in your checking registry matches the
balance reported on the bank statement - ANSWER reconciliation
Used by persons earning an inconsistent monthly income - ANSWER irregular income form
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