5 foundations
Save $______ in an _____________ fund
$500; emergency
a person or organization that uses a product or service
consumer
income - expenses should = ______ in a zero based budget.
zero
what are two things you could do to start earning money to save?
answers vary
Get out of _______.
money owed to another person or company
debt
how you will be generous with the money you have - a category in the budget.
giving
a cash-flow plan that assigns an expense to every dollar of your income
zero- based budget
Pay _____ for your car.
cash
the money coming in
income
set aside money for your saving goals - a category in the budget
savings
what is an example of an emergency?
car breaks down; medical situation; broken phone, etc
Pay cash for __________.
college.
a written plan for how you spend your money. Including giving, spending, and saving.
budget
includes everything else you spend money on, like bills, food, gas, etc. - a category in your budget.
spending
What is an example of a large purchase?
car; house; new cell phone; wedding; prom dress, etc
Build ________ and _______.
wealth; give
an expression used to describe a person or household whose monthly income is devoted to expenses and has little to no savings
paycheck to paycheck
What are the 4 parts to the budget?
income, expenses, saving, giving
What are two of the three reasons to save money according to dave ramsey
emergencies ; pay cash for purchases ; building wealth