Dave Ramsey - Unit 2 Flashcards
The flow of money in a family represents the _______ _______.
value system
Men say it is not ___________ enough
sophisticated
Women say it is the most ___________ key to our financial plan.
important
Men get good deals by __________.
negotiating
Ladies get good deals by ___________
hunting
Men lose _____-__________ because money seems like a ___________.
self-esteem; scorecard
Women face ______ and ______ because money represents _________.
fear; terror; security
The number one cause of divorce in America is ________ ________.
money fights
When you agree on your value system, you will reach a level of _______ in your marriage that you cant experience no other way.
unity
Who Does the Financial Decision-Making? ______ of you!
Both
The partner with the natural ______ can prepare the ______, but the decision-making should be done by ______ of you.
gift; budget; both
The _____ likes doing the budget because it gives them control, and they feel like they are taking care of loved ones.
nerd
The ______ _______ feels controlled, not cared for, and can appear irresponsible to the nerd.
Free Spirit
______ _______ and fatigue can lead to poor money management
Time poverty
Beware of ______ buying, which can be brought on by ______ or even by the “I owe it to ______” syndrome
impulse; stress; myself
A written plan gives the single person ___________, _____-___________, and ______.
empowerment; self-accountability; control
Develop an ___________ relationship.
* This is someone with whom to discuss major \_\_\_\_\_\_\_\_\_\_\_\_. * This is someone with whom to discuss your \_\_\_\_\_\_\_.
accountability; purchases; budget
Teaching your kids how to handle money is not the _________ responsibility. It is ______ responsibility.
school’s; your
Pay ___________, not allowance; we have enough people in our society who expect to be made allowance for.
commissions
Words are __________; be careful with the words you use around your kids.
powerful
If you _______ you get paid, if you don’t _______, you don’t get paid
work
Teach by ________. Your kids will do what you do.
example
Show them how you live ______ free, how insurance works, how an IRA works, etc.
debt
If your children are young, use a clear __________ to save. Visual reinforcement is powerful.
container
Use three envelopes for ages 5-12: __________, _________, and __________.
giving; spending; saving
Somewhere around 13-15 years old, open a __________ __________ for the child and teach him/her how to run it by monthly reviews.
checking account
