Dave Ramsey Chapter 11 Post Text Questions and Answers 100% Solved

Dave Ramsey Chapter 11 Post Text Questions and Answers 100% Solved it's best to develop good ______ now instead of waiting until you're on your own to figure it all out money habits Renting is a great option for many people. true Your rent payment should total no more than ___% of your take-home pay. 25 when you're ready to buy a house, the best option is a _______ 15 year fixed rate how much of your monthly income is budgets specifically for your rent or mortgage the average cost of the basic goods and services needed to maintain a certain standard of living Making periodic payments to a landlord for the use of their property is called renting or leasing You should rent until you are able to _______. Buy a home the right way Buying a house while _____ can put your ________ at risk. In debt; home purchase Living in campus at college will help you _____ living in your own, while living off campus will require you to______. ease into ; pay for rent, utilities, and groceries your decision to rent or buy depends on your financial situation as you shop around and compare rent prices, remember that paying extra for ____ is not worth it if it keeps you from reaching your financial goals. amenities A house is an asset that typically will ________ value over time. increase in you should buy a home, even if you cannot afford it just yet. Renting is a waste of money false you need to be completely out of debt, have a fully funded emergency fund, and have saves enough cash for a down payment before you_____. buy a house a leasing contract Is a legal document that allows the renter (tenant) to use the property for a period of time the only time it's okay to borrow money if you can't pay 100% in cash is... buying a home (mortgage) No matter what path you choose to take after high school, the money principles stay the same. What are they? Save, budget, stay out of debt, live on less than you make, and be generous If you look at long-term costs, _____ is usually the better deal. homeownership iTs important to read your leasing contract, because once you sign it, is afro able by law true what type of interest rate is locked in and won't change for the life of the loan? fixed rate when someone spends so much of their income on the costs of homeownership that they struggle to reach their other financial goals, they are ____. house poor q fixed rate mortgage has a ____ mortgage rate for _____years set; a set number of what information should a lease contain? Property address, rental term, security deposit terms, and pet fees which type of loan is not secured by a government entity and usually has the best rate and term Conventional loan learning about the costs of living before you need to cover them and creating good money habits early are both examples of.... taking personal responsibility what is your moretgage principle? the