Chapter 1
$500.00
What is baby step one - Save for an Emergency Fund?
When in your budget, every dollar has a job
What is a zero based budget?
The percentage of principal charged by the lender for the use of its money
What is interest?
List of the smallest to largest debt balances
What is the debt snowball?
Shopping to lift your mood
What is retail therapy?
What is a budget?
expenses that vary month to month
What are variable expenses?
Daily Double
What three questions should you ask yourself if an expenses is an emergency?
That feeling of guilt or regret after making a purchase
What is buyer's remorse?
Pay cash for college.
What is baby step 3 or the 3rd foundation?
The first priority in your budget.
What is giving?
The reason prices go up over time
What is inflation?
These barely cover your interest charges and don't make a dent in the balance owed
What is minimum monthly payments?
The belief that buying and spending is good for the economy
What is consumerism?
This amount of Americans report less than $1,000 in savings
What is half?
Saver or Spender.
What are money personality types?
What are the three reasons to save?
When the value of an asset falls below what is owned on it.
What is negative equity?
The state of being satisfied with who you are and what you have
What is contentment?
The amount by which the value of a person's assets exceeds or falls behind the value of their liabilities
What is Net Worth?
the app Dave Ramsey recommends to track monthly budgeting.
What is Every Dollar?
"Rate of return" describes this aspect of investing
What is compound growth?
This number represents the likelihood that a borrower will repay a loan
What is a credit score?
The percentage of marketing budgets spent on social media advertising
What is 50%?