Dave Ramsey Chpt 4-5 (and five foundations) – Flashcards

1st Foundation

2nd Foundation

3rd Foundation

4th Foundation

5th Foundation

a developmental partnership through which one person shares knowledge , skills, and perspective to foster the personal and professional growth of someone else

a form of federal or state financial aid that does not need to be repaid

a program that allows students to work part time while continuing their studies

an undergraduate academic degree awarded by colleges upon completion of a course of study lasting 2 years

a form completed annually by current and prospective college students to determine their eligibility for financial aid

a type of higher learning school that focuses on job skill training specific to career fields

the total estimated student loan debt unpaid in the u.s

cost of borrowing money on an annual basis

a decrease or loss in value

a detailed report of an individuals credit history

time frame that a loan agreement is in force and before or at the end of which the loan should be repaid for another term

type of card issued by a bank that allows users to finance a purchase

a measure of an indiviuals credit risk

a yearly fee thats charged by the credit card company for the convenience of the credit card

preferred method of debt repayment; includes a list of all debts organized from smallest to largest balance' minimum payments are made to all debts except for the smallest, which is attacked with the largest possible payments

factors in determining a FICO score