Study sets matching "final exam dave ramsey"

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Study sets matching "final exam dave ramsey"

Dave Ramsey
annual fee
Annual percentage rate
credit card
credit report
a yearly fee thats charged by the credit card company for the…
cost of borrowing money on an annual basis, takes into accoun…
type of card issued by a bark that allows users to finance a…
a detailed report of an individuals credit history
annual fee
a yearly fee thats charged by the credit card company for the…
Annual percentage rate
cost of borrowing money on an annual basis, takes into accoun…
111 terms
dave ramsey
food, clothing, shelter, transportation
secured-collateral-something they can…
character, capacity, capital
character: do you pay your bills, job…
what are the 4 walls??
what is the differ. between secured and unsecured credit?
what are the 3 C's of credit?
define what each C of credit means.
food, clothing, shelter, transportation
what are the 4 walls??
secured-collateral-something they can…
what is the differ. between secured and unsecured credit?
40 terms
Dave Ramsey
if you don't have enough for your mont…
how does a budget differ when you have…
why do you need a written budget even…
doing a budget does not...
1.) get a job... 2.) cut back on expenses
you can predict your spending with a regular income
it's telling your money what to do and your money will go far…
lead to an increase in arguments
if you don't have enough for your mont…
1.) get a job... 2.) cut back on expenses
how does a budget differ when you have…
you can predict your spending with a regular income
Dave Ramsey: Chapter 7
TRUE
TRUE
FALSE... it takes 3 months for budgeting…
FALSE... credit cards charge interest, de…
TRUE or FALSE... Another name for a budget is a cash flow plan.
TRUE or FALSE... A zero-based budget works for everyone.
TRUE or FALSE... It takes 9 months for your budget to start to w…
TRUE or FALSE... Debit cards charge interest.
TRUE
TRUE or FALSE... Another name for a budget is a cash flow plan.
TRUE
TRUE or FALSE... A zero-based budget works for everyone.
20 terms
Dave Ramsey-Chapter 1
Baby Step 1
Step 2
Step 3
Step 4
$1000 in an emergency fund (or $500 if you make less than $20…
pay off all debt except house
3-6 months expenses in savings
Invest 15% of your household income into Roth IRA's and retir…
Baby Step 1
$1000 in an emergency fund (or $500 if you make less than $20…
Step 2
pay off all debt except house
7 terms
Dave Ramsey
Consumer
Credit
Debt
Economy
A person or organization that uses a product or service.
the granting of loan and the creation of debt; any form of de…
an obligation of repayment owned by one party[the debtor/borr…
A system by which goods and services are produced and distrib…
Consumer
A person or organization that uses a product or service.
Credit
the granting of loan and the creation of debt; any form of de…
38 terms
Dave Ramsey Chapter 11 Vocabulary
Auto Insurance
Beneficiary
Break-Even Analysis
Cash Value Insurance
Insurance to protect a car owner in the event of an accident…
the person who gets the insurance money if you die
the process used to determine if something will actually pay…
Is a combination of decreasing term insurance and an investme…
Auto Insurance
Insurance to protect a car owner in the event of an accident…
Beneficiary
the person who gets the insurance money if you die
35 terms
Dave Ramsey Chapter 5
A wise college plan does not include
Which of the following is not one of t…
The total estimated student loan debt…
Which of the following is not a good o…
Finding the most expensive, prestigious college so that you c…
Stick to your budget unless something unexpected happens
1 trillion
Ask you parents to take out a loan
A wise college plan does not include
Finding the most expensive, prestigious college so that you c…
Which of the following is not one of t…
Stick to your budget unless something unexpected happens
Dave Ramsey
Accountability
Allowance
Commission
Fiscal
Taking responsibility and assisting... with wise decisions
money given to a child by his/her parent/... guardian, typically…
Getting paid based on the work you... complete
having to do with money.
Accountability
Taking responsibility and assisting... with wise decisions
Allowance
money given to a child by his/her parent/... guardian, typically…
Dave Ramsey
Accountability
Allowance
Commission
Fiscal
the fact or condition of being accountable; responsibility
the amount of something that is permitted, especially within…
an instruction, command, or duty given to a person or group o…
of or relating to government revenue, especially taxes.
Accountability
the fact or condition of being accountable; responsibility
Allowance
the amount of something that is permitted, especially within…
14 terms
Dave Ramsey
Baby Step 1
Baby Step 2
Baby Step 3
Baby Step 4
$1,000 in an emergency fund (or $500 if you make less than $2…
Pay off all debt expect the house utilizing the debt snowball.
3-6 months expenses in savings.
Invest 15% of your household income into Roth IRAs and pre-ta…
Baby Step 1
$1,000 in an emergency fund (or $500 if you make less than $2…
Baby Step 2
Pay off all debt expect the house utilizing the debt snowball.
19 terms
Dave Ramsey
Depreciation
Credit Score
Debt Snowball
Annual Percentage Rate
A decline in the value of property; the opposite of appreciat…
A measure of an individual's credit risk; calculated from a c…
Preferred method of debt payment; includes a list of all debt…
CosT of borrowing money on an annual basis; takes into accoun…
Depreciation
A decline in the value of property; the opposite of appreciat…
Credit Score
A measure of an individual's credit risk; calculated from a c…
26 terms
Dave Ramsey
Brnading
Brand recognition
Buyers remorse
Caveat emptor
Thr promotion of a product or sevice by identifying it with d…
Refers to the public's ability to recall ans recognize a bean…
Feeling regret or concern after making a large purchase
Latin term for buyer beware
Brnading
Thr promotion of a product or sevice by identifying it with d…
Brand recognition
Refers to the public's ability to recall ans recognize a bean…
Dave Ramsey
Accountability
Allowance
Commission
Fiscal
...
money given to a child by his/her parent/ guardian, typically…
a fee paid for providing service
having to do with money
Accountability
...
Allowance
money given to a child by his/her parent/ guardian, typically…
Dave Ramsey
Accountability
Allowance
Commission
Fiscal
taking responsibility and assisting with wise decisions
money given to a child by his or her parent or guardian typic…
a fee paid for providing a service
having to do with money.
Accountability
taking responsibility and assisting with wise decisions
Allowance
money given to a child by his or her parent or guardian typic…
7 terms
Dave Ramsey
Baby Step 1:
Baby Step 2:
Baby Step 3:
Baby Step 4:
$1000 emergency fund
Pay off all debt using the debt snowball
3 t0 6 months of expenses in savings
Invest 15% of household income into Roth IRAs and tax-advanta…
Baby Step 1:
$1000 emergency fund
Baby Step 2:
Pay off all debt using the debt snowball
9 terms
dave ramsey
accountability
allowance
commission
fiscal
the quality or state of being accountable
money given to a child by his/ her parent/ guardian, typicall…
a fee paid for providing a service
having to do with money
accountability
the quality or state of being accountable
allowance
money given to a child by his/ her parent/ guardian, typicall…
Dave Ramsey
1st
bills
attitude
emergence fund ... purchases ... wealth buil…
you must pay yourself
with your money you should Give, Save, then
Author Larry Burkett says that the only difference between sa…
you should save for 3 things ... what are they
1st
you must pay yourself
bills
with your money you should Give, Save, then
dave ramsey
allowance
commission
Fisical
free spirit
money given to a child by his/her parent/... guardian, typically…
a fee paid for providing a service
having to do with money.
a person who thinks, "everything will work... out fine," and typ…
allowance
money given to a child by his/her parent/... guardian, typically…
commission
a fee paid for providing a service
Dave Ramsey
Accountability
Commision
Free Spirit
Nerd
Being liable and responsible
Money made off doing work
someone who does not care what others thinks, does their own…
one who is picky about budgeting and numbers
Accountability
Being liable and responsible
Commision
Money made off doing work
Dave Ramsey
Accountability
Allowance
Commission
Fiscal
A government's responsibility to its population, usually by p…
An amount of money parents give children, often in exchange f…
An amount paid to an employee based on a percentage of the em…
A government policy for dealing with the budget (especially w…
Accountability
A government's responsibility to its population, usually by p…
Allowance
An amount of money parents give children, often in exchange f…
Dave Ramsey
Consumer
Credit
Debt
Economy
Person or organization that uses a product or service
Granting of a loan and the creation of debt; any form of defe…
An obligation of repayment owed by one party (debtor/borrower…
System by which good and services are produced and distributed
Consumer
Person or organization that uses a product or service
Credit
Granting of a loan and the creation of debt; any form of defe…
9 terms
dave ramsey
Accountability
Allowance
Commission
fiscal
Taking responsibility and assisting with wise decisions
Money given to a child by his/ her parent/ guardian , typical…
A fee paid for providing a service
having to do with money
Accountability
Taking responsibility and assisting with wise decisions
Allowance
Money given to a child by his/ her parent/ guardian , typical…
38 terms
Dave Ramsey
Mentorship
Grant
Workstudy
Associates degree
A development partnership through which one person shares kno…
Government financial aid that doesn't have to be repaid
A program that allows students to work part time while contin…
Undergrad academic degree awarded by colleges upon completion…
Mentorship
A development partnership through which one person shares kno…
Grant
Government financial aid that doesn't have to be repaid
22 terms
Dave Ramsey
Blue laws
Usury laws
Foreclosure
Pro rata plan
When the quakers made up laws (no stores open on sunday)
Compound interest laws ( credit companies don't like it)
Formal bank buying your house because of not paying mortgage
Arrangements with a creditor to make the lower the price for…
Blue laws
When the quakers made up laws (no stores open on sunday)
Usury laws
Compound interest laws ( credit companies don't like it)
Chapter 3 Dave Ramsey
401(K)
403(B)
457 plan
529 plan
Defined contribution plan offered by a corporation to its emp…
A retirement plan similar to a 401(K) plan but one that is of…
A non-qualified, deferred compensation plan established by st…
A college savings plan that allows individuals to save on a t…
401(K)
Defined contribution plan offered by a corporation to its emp…
403(B)
A retirement plan similar to a 401(K) plan but one that is of…
Dave Ramsey
Accountability
Allowance
Commission
Fiscal
taking responsibility and assisting with wise decisions
money given to a child by their parent or guardian
a fee paid for providing service
having to do with money
Accountability
taking responsibility and assisting with wise decisions
Allowance
money given to a child by their parent or guardian
Dave Ramsey
Accountability
Allowance
Commission
Fiscal
taking responsibility and assisting whit wise decisions
money given to a child by his/her parent or guardian, typical…
a fee paid for providing a service
having to do with money
Accountability
taking responsibility and assisting whit wise decisions
Allowance
money given to a child by his/her parent or guardian, typical…
8 terms
dave ramsey
accountability
allowance
commission
fiscal
responsibility
money earned from doing chores
An amount paid to an employee based on a percentage of the em…
A government policy for dealing with the budget (especially w…
accountability
responsibility
allowance
money earned from doing chores
9 terms
dave ramsey
Accountability
Allowance
Commission
Fiscal
Taking responsibility and assisting with wise decisions
Money given to a child by their guardian and is usually on a…
A fee paid for a service
Having to do with money
Accountability
Taking responsibility and assisting with wise decisions
Allowance
Money given to a child by their guardian and is usually on a…
Dave Ramsey
Emergency Fund
What is okay to spend your emergency f…
Compound interest
Key to saving
Save $1000 Cash (20,000 household income)... Save $500 Cash ( le…
Crisis Situations... Need, not want
Works overtime and the rate of return will make a difference…
Emotion and contentment
Emergency Fund
Save $1000 Cash (20,000 household income)... Save $500 Cash ( le…
What is okay to spend your emergency f…
Crisis Situations... Need, not want
29 terms
Dave Ramsey
interest paid on interest previously e…
Five hundred dollars in readily availa…
Percentage paid to a lender for the us…
The five steps to financial success
compound interest
Emergency fund
Interest rate
Five Foundations
interest paid on interest previously e…
compound interest
Five hundred dollars in readily availa…
Emergency fund
Dave Ramsey
Money is _________.
You must do a written ______ ________…
You must keep your checkbooks ________…
___________ are a sign of crisis livin…
Active
Cash flow, month
Balanced
Overdrafts, money
Money is _________.
Active
You must do a written ______ ________…
Cash flow, month
Dave Ramsey: Chapter 5
buyer beware
wait
brand recognition
opportunity cost
Caveat emptor means
Always ____ over-night before deciding to make a big purchase.
Advertising aimed at creating consumer awareness for a product.
True cost of something in terms of what you give up
buyer beware
Caveat emptor means
wait
Always ____ over-night before deciding to make a big purchase.
87 terms
Dave Ramsey
Roth IRA tax advantage
Description of Roth IRA
Retirement %
FICO Score
grows tax-free, more choices, high bracket at retirement, fle…
after-tax IRA that grows tax free
15%
I love debt score and isn't a measure of winning financially
Roth IRA tax advantage
grows tax-free, more choices, high bracket at retirement, fle…
Description of Roth IRA
after-tax IRA that grows tax free
20 terms
Dave Ramsey Chapter 12
Appraisal
Appreciation
A.R.M
Conventional Loan
An opinion of value on a home
To increase in value
Adjustable Rate Mortgage is a home loan in which the interest…
A regular mortgage obtained through the Federal National Mort…
Appraisal
An opinion of value on a home
Appreciation
To increase in value
Dave Ramsey Vocab
Sinking Fund
Emergency Fund
Zero-Based Budget
Envelope System
Saving money over time for a large purchase
A savings account that is set aside to be used only for emerg…
A cash flow plan that assigns an expense to every dollar of y…
A system that is used to store cash for planned monthly expen…
Sinking Fund
Saving money over time for a large purchase
Emergency Fund
A savings account that is set aside to be used only for emerg…
15 terms
Dave Ramsey chapter 9
Accountability
Nerd
Commission
free spirit
answering to someone else, expected to tell why you did somet…
The one who likes to deal with numbers and make a budget
Getting paid on the work you complete a fee paid for providin…
One who goes with the flow
Accountability
answering to someone else, expected to tell why you did somet…
Nerd
The one who likes to deal with numbers and make a budget
31 terms
Dave Ramsey Chapter 6
An effective salesperson will answer a…
Never buy something you do not fully u…
When a company takes out a four-page c…
Advertising slogans that have been aro…
true
true
false
false
An effective salesperson will answer a…
true
Never buy something you do not fully u…
true
29 terms
Dave Ramsey chapter 10
three times or more
Influencing, Dominant, Stable, Compliant
sacrifice, plan, then choose
2.1 years
amount of times you should contact a future employer
The four personalities in the DISK Personality Profile
how to start a new or second job
the length of the average job
three times or more
amount of times you should contact a future employer
Influencing, Dominant, Stable, Compliant
The four personalities in the DISK Personality Profile
Dave Ramsey: Chapter 6
Equifax
garnish
FICO
Pro Rata
TransUnion, Experian, and ____ are the three major credit rep…
Unpaid student loan debt does not require court proceedings t…
In order to have a _____ score, you must have debt
The percent of total debt each creditor gets when you can't m…
Equifax
TransUnion, Experian, and ____ are the three major credit rep…
garnish
Unpaid student loan debt does not require court proceedings t…
27 terms
Dave Ramsey Ch 2 Vocab
aggressive Growth Stock Mutual Fund
Annuity
Bond
CD
a fund that provides maximum long-term capital growth from sm…
sold by an insurance company to provide payments to the holde…
a debt instrument where the issuer owes you money and pays in…
certificate of deposit; savings account with a slightly highe…
aggressive Growth Stock Mutual Fund
a fund that provides maximum long-term capital growth from sm…
Annuity
sold by an insurance company to provide payments to the holde…
20 terms
Dave Ramsey: Chapter 5
Question
Afford
buyer beware
wait
A good salesperson will answer a question with a _____.
Before making a purchase, ask yourself if you can _____ it.
Caveat emptor means
Always ____ over-night before deciding to make a big purchase.
Question
A good salesperson will answer a question with a _____.
Afford
Before making a purchase, ask yourself if you can _____ it.
67 terms
Personal Finance Dave Ramsey
Which of the following best explains w…
Key components of financial planning i…
Which of the following statements best…
Personal financial success is primaril…
Learning to manage money at this stage can eliminate financia…
Allow your financial planner to make all of your major money…
Credit is marketed so well that we desire to have it while co…
Managing your money behavior.
Which of the following best explains w…
Learning to manage money at this stage can eliminate financia…
Key components of financial planning i…
Allow your financial planner to make all of your major money…
Personal Finance Final (Dave Ramsey ****)
Annual Fee
Annual Percentage Rate (APR)
Asset
Bank
An amount that credit card companies can charge for the use o…
Shows how much credit costs you on a yearly basis, expressed…
anything of value that is owned
a financial institution that accepts deposits and channels th…
Annual Fee
An amount that credit card companies can charge for the use o…
Annual Percentage Rate (APR)
Shows how much credit costs you on a yearly basis, expressed…
Dave Ramsey
1st
2nd
3rd
4th
1000 to start an emergency fund
Pay off all debt but the house
3 to 6 months of expenses in savings
Invest 15% of household income into retirement
1st
1000 to start an emergency fund
2nd
Pay off all debt but the house
14 terms
Dave Ramsey
Compound interest
interest rate
inflation
interest-bearing account
interest paid or interest previously owned; credited daily, m…
percentage paid to a lender for the use of borrowed money; pe…
the persistent increase in the cost of goods and services or…
an account that generates interest income on the available ba…
Compound interest
interest paid or interest previously owned; credited daily, m…
interest rate
percentage paid to a lender for the use of borrowed money; pe…
DAVE RAMSEY DVD VOCABULARY
AMORAL
BABY STEPS
COMPOUND INTEREST
EMERGENCY FUND
SAVING MONEY FOR A PURCHASE AND LETTING THE INTEREST WORK FOR…
..., the seven steps to a healthy financial plan
..., Interest earned on both the initial principal and the in…
..., money that you can access quickly for an immediate need
AMORAL
SAVING MONEY FOR A PURCHASE AND LETTING THE INTEREST WORK FOR…
BABY STEPS
..., the seven steps to a healthy financial plan
Dave Ramsey Ch 2 Saving
Compound Interest
Emergency Fund
Interest rate
Sinking Fund
Interest paid on interest previously earned
Five hundred dollars in readily available cash to be used onl…
Percentage paid to a lender for the used of borrowed money or…
Saving money over time for a large purchase.
Compound Interest
Interest paid on interest previously earned
Emergency Fund
Five hundred dollars in readily available cash to be used onl…
Chapter 2- Dave Ramsey
agressive growth stock mutual fund
annuity
bond
C.D.
mutual fund that seeks to provide maximum long-term capital g…
contract sold by an insurance company, designed to provide pa…
debt instrument where an issuer such as a corporation, munici…
certificate of deposit, usually at a bank; savings account wi…
agressive growth stock mutual fund
mutual fund that seeks to provide maximum long-term capital g…
annuity
contract sold by an insurance company, designed to provide pa…
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