Dave ramsey chapter 3 - Study guides, Class notes & Summaries

what is a consequence of overdrawing your checking account - ANSWER overdraft fee, stress, bounced check a written budget, if followed, removes what from your finances - ANSWER guilt, management by crisis, overspending percentage of american living paycheck to paycheck - ANSWER 70% The zero-based budget is the best method of budgeting because - ANSWER ensures that every dollar you make is assigned a specific purpos

budget - ANSWER a written cash flow plan cash flow statement - ANSWER a summary that shows total income and spending for a given time period carbon check - ANSWER a copy of each check you write envelope system - ANSWER series of envelopes that are divided into categories and are used to store cash for planned monthly expenses

Dave Ramsey Chapter 1 Money Review 2024 Questions and Answers sinking fund - Answer️️ -saving money for a purchase and letting the interest work for you rather than against you. amoral - Answer️️ -money is neither good nor bad. money market - Answer️️ -emergency fund goes here. compound interest - Answer️️ -interest on interest. murphys law - Answer️️ -if it can go wrong it will; unexpected events. baby step 1 - Answer️️ -$500/$1000 in an emergency fund. baby ste...

Dave Ramsey Personal Finance Chapter 2 Questions and Answers What is the first foundation in Dave's 5 foundations? - Answer️️ -Save $500 in an emergency fund Some people borrow money for large purchases, but we know that we should set our money aside in a ________________ over time and then pay for the big purchase in cash. - Answer️️ -Sinking Fund Spending more money than you make & acquiring debt - Answer️️ -Negative savings rate Money today has different buying power tha...

Dave Ramsey Chapter 1 Money Review Questions And Correct Answers sinking fund -Answers-saving money for a purchase and letting the interest work for you rather than against you. amoral -Answers-money is neither good nor bad. money market -Answers-emergency fund goes here. compound interest -Answers-interest on interest. murphys law -Answers-if it can go wrong it will; unexpected events. baby step 1 -Answers-$500/$1000 in an emergency fund. baby step 3 -Answers-3-6 months of e...