Dave Ramsey Course Personal Finance Flashcards

A yearly fee charged by the credit card company for the convenience of the credit card.

<p>The practice of dividing investments among various types to reduce risk.</p> Signup and view all the answers

<p>False</p> Signup and view all the answers

<p>Setting money aside to increase wealth over time for long-term financial goals.</p> Signup and view all the answers

<p>False</p> Signup and view all the answers

<p>Overspending</p> Signup and view all the answers

<p>The cost of borrowing money on an annual basis, including interest and related fees.</p> Signup and view all the answers

<p>A person or organization that uses a product or service.</p> Signup and view all the answers

<p>70%</p> Signup and view all the answers

<p>An account or arrangement for long-term growth; not to be used for at least five years.</p> Signup and view all the answers

<p>The ability to walk away from a purchase when negotiating.</p> Signup and view all the answers

<p>An obligation of repayment owed by one party to a second party.</p> Signup and view all the answers

<p>A budget that ensures every dollar made has a specific purpose.</p> Signup and view all the answers

<p>An interest rate that does not change over time.</p> Signup and view all the answers

<p>The granting of a loan and the creation of debt; any form of deferred payment.</p> Signup and view all the answers

<p>A public sale in which property or items are sold to the highest bidder.</p> Signup and view all the answers

<p>A list of your investments.</p> Signup and view all the answers

<p>A retail store where people sell items, and the owner gets a percentage of the sale.</p> Signup and view all the answers

<p>The degree of uncertainty of return on an asset.</p> Signup and view all the answers

<p>False</p> Signup and view all the answers

<p>A fee paid by a borrower to the lender for the use of borrowed money.</p> Signup and view all the answers

<p>A preferred method of debt repayment focusing on paying off the smallest debts first.</p> Signup and view all the answers

<p>A decrease or loss in value.</p> Signup and view all the answers

<p>Fixed, discretionary, and variable expenses.</p> Signup and view all the answers

<p>Spend less money than he or she makes.</p> Signup and view all the answers

<p>Having to do with a person's honesty and moral attributes.</p> Signup and view all the answers

<p>A debt evidenced by a note, specifying the principal amount, interest rate, and date of repayment.</p> Signup and view all the answers

<p>A fixed expense.</p> Signup and view all the answers

<p>Securities that represent part ownership of equity in a corporation.</p> Signup and view all the answers

<p>To bargain for a lower price.</p> Signup and view all the answers

<p>A discretionary expense.</p> Signup and view all the answers

<p>A type of negotiation where the buyer and seller dispute the price.</p> Signup and view all the answers

<p>A retirement savings plan offered by a corporation where employees contribute a portion of gross pay.</p> Signup and view all the answers

<p>All decisions and activities of an individual or family regarding their money.</p> Signup and view all the answers

<p>Intermittent expenses.</p> Signup and view all the answers

<p>An agency that collects and distributes consumer credit information.</p> Signup and view all the answers