Dave Ramsey: CH 1 Exam Questions and Answers 100% Pass

Dave Ramsey: CH 1 Exam Questions and Answers 100% Pass Making the right choices with your money-managing your money-involves knowing how... - Answer️️ -Earning, budgeting, saving, spending, and giving affect your money Banks got into the credit business before 1920 because charging exceptionally high interest rates was legal - Answer️️ -True You should always make sure you have a... - Answer️️ -Budget To gain an understanding of your personal finances, you should know... - Answer️️ - Where you stand financially, how much income you have, what goals you want to set, and how you'll reach those goals What is the first foundation? - Answer️️ -Save a $500 emergency fund Being a spender has many more positives than being a saver - Answer️️ -False Personal finance is all the financial decisions a(n) ___________must make in order to earn, budget, save, spend, and give money over time - Answer️️ -Individual or company After WW1, the demand for products increased, and people began getting credit without loan sharks. Because of this, credit... - Answer️️ -Increased so rapidly, loan sharks became obsolete A money principle to keep in mind is to live on _________ you make - Answer️️ - Exactly 20% what