This is the term used to describe a "cash flow plan"
What is a "budget"?
100
Is considered by Dave to be an "I love debt" score and is not a measure of winning financially. This can also tell you if you've been a victim of identity theft.
What is a credit score? (FICO)
100
A spoiled, red faced, grocery store kid that lives inside of us.
What is "immaturity"?
200
Dave says to have $1000 in this in order to be ready for the unexpected...
What is an Emergency Fund?
200
Women get good deals by doing this...
What is hunting?
200
A zero-based system that uses cash divided up for specific purposes.
What is the envelope system?
200
These are considered the Four Walls, the necessities that you must pay first before tackling debt...
What is Food, Clothing, Shelter, and Transportation.
200
Amount of time to wait before making a major purchase
What is overnight?
300
This is the amount of months worth of savings Dave says to have to be ready for life's emergencies?
What is 3 to 6 months of savings?
300
This is the #1 cause of divorce in America...
What are money fights?
300
This is a tax on the poor who cant do math....
What is a "lottery"?
300
This is combining debt into one payment
What is debt consolidation?
300
Borrowing money and paying over time.
What is financing?
400
The key to wealth building...
What is discipline?
400
This person likes doing the budget because it gives them control and they feel like they are taking care of loved ones.
What is the "nerd"?
400
True or False: Loaning money to friends or relatives helps them out and strengthens the relationship.
False
400
Taking responsibility for someone else's loan
What is co-signing?
400
Spending on anything over $300.
What is a "significant purchase?"
500
If it can go wrong, it will
What is Murphy's Law?
500
This person feels controlled, not cared for, and can appear irresponsible...
Who is the "free spirit"?
500
True or False: Car payments are a way of life and you'll always have one.
False
500
These people are salespeople.
They can harass you.
They cannot garnish your wages at any time without court action.
There are laws to protect you from these people.