Dave Ramsey 1 Flashcards
Money is always active… it is always moving and can be utilized in many ways
Active
Automated teller machine card which allows you to make transactions
ATM Card
Another name for cash flow plan
Budget
Checks that have a second copy behind them made of special paper which makes a copy each of as you write them
Carbon checks
Money
Currency
Series of envelopes developers, divided into pre determined categories .. planned monthly experiences
Envelope system
Collecting unneeded items
Hoarding
Buying without thinking
Impulse purchase
Refusing to give up
Persistent
Controlling a situation by causing something to happen rather wait ing to respond to it after it happens. This takes strong initiative
Pro active
Putting it off till later
Procrastinate
Process used to determine if the balance in your checking registry matches the balance reported on the bank statement
Reconcile
A plan that assigns an expense to every dollar of one income
Zero-based budget