Dave Ramsey 1 Flashcards

1
Q

Money is always active… it is always moving and can be utilized in many ways

A

Active

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2
Q

Automated teller machine card which allows you to make transactions

A

ATM Card

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3
Q

Another name for cash flow plan

A

Budget

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4
Q

Checks that have a second copy behind them made of special paper which makes a copy each of as you write them

A

Carbon checks

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5
Q

Money

A

Currency

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6
Q

Series of envelopes developers, divided into pre determined categories .. planned monthly experiences

A

Envelope system

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7
Q

Collecting unneeded items

A

Hoarding

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8
Q

Buying without thinking

A

Impulse purchase

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9
Q

Refusing to give up

A

Persistent

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10
Q

Controlling a situation by causing something to happen rather wait ing to respond to it after it happens. This takes strong initiative

A

Pro active

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11
Q

Putting it off till later

A

Procrastinate

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12
Q

Process used to determine if the balance in your checking registry matches the balance reported on the bank statement

A

Reconcile

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13
Q

A plan that assigns an expense to every dollar of one income

A

Zero-based budget

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