Saving like a pro
This is the first baby step in Dave Ramsey's plan.
a $500 emergency fund
This budgeting method makes sure every dollar has a job.
zero-based budgeting
A _____ is a number that reflects the likelihood of someone repaying debt
Credit score
What form is used to calculate how much tax is withheld from your paycheck?
W4
Owning _____ means you own a small piece of that company
Stock
The earlier you save, the more this grows your money.
compound interest
Before creating a budget, you should track these.
your expenses
When an asset loses value over time, that's called
Depreciation
________ income is money you make working at your job
Earned income
An extended time of falling stock values is known as a
Bear market
Saving money for a specific future purchase is called this type of fund.
a sinking fund
This part of a budget covers bills that stay the same each month, like rent or a phone plan
fixed expenses
If the loan isn't repaid, the ________ of the borrower can be sold by the lender
Collateral
Planning to spend more than you make is called
Deficit spending
Your collection of investments is called
Your portfolio
Dave says you should save this percent of your income when you're young.
at least 10%
Many people fail at budgeting because they forget to include these
non-monthly or irregular expenses
With a debit card, you can do everything you can do with a credit card except
Go into debt
The 12 month period for reporting income is called a
fiscal year
a ______ is a payout of net profits to shareholders
Dividend
In the 5 Foundations, this is the 3rd
Pay cash for your car
These should be your three priorities when budgeting
Giving, saving, spending
What are the 3 main credit reporting agencies?
Equifax, Trans Union, Experian
____________ income is the money you make from your investments
Portfolio
A fund manager uses a _______ to outline an investment strategy
Prospectus