Busy. Please wait.

show password
Forgot Password?

Don't have an account?  Sign up 

Username is available taken
show password


Make sure to remember your password. If you forget it there is no way for StudyStack to send you a reset link. You would need to create a new account.
We do not share your email address with others. It is only used to allow you to reset your password. For details read our Privacy Policy and Terms of Service.

Already a StudyStack user? Log In

Reset Password
Enter the associated with your account, and we'll email you a link to reset your password.
Don't know
remaining cards
To flip the current card, click it or press the Spacebar key.  To move the current card to one of the three colored boxes, click on the box.  You may also press the UP ARROW key to move the card to the "Know" box, the DOWN ARROW key to move the card to the "Don't know" box, or the RIGHT ARROW key to move the card to the Remaining box.  You may also click on the card displayed in any of the three boxes to bring that card back to the center.

Pass complete!

"Know" box contains:
Time elapsed:
restart all cards
Embed Code - If you would like this activity on your web page, copy the script below and paste it into your web page.

  Normal Size     Small Size show me how

PF 2,3,&8

Personal Finance Chapters 2,3,&8

What effect does inflation have on the value of money? Inflation decreases the value of money
What does the Rule of 72 calculate? How long it would take for an invest to double in price
A savings account that compounds interest _______ is the most lucrative savings account. Daily
What is one disadvantage of CD's? Money is not easily accessible
If Sam loans his sister $500 at 3% interest. How much will Sam's sister owe after 3 years? $545.00
What is compound interest? Interest paid on interest earned
What is the 1st Foundation of financial well-being according to Dave Ramsey? Save for a $500 emergency fund
According to Dave, major expenses should be paid out of a... Sinking Fund
This principle suggests that certain amount of money today has a different buying power in the future. Time Value of Money
Why should an emergency fund be kept in a separate savings account away from spending money? So your emergency fund is not easily spent
What is the preferred investment of Dave Ramsey? Mutual Funds
The more liquid an investment, the ______ return can be expected Less
What are dividends? Profits of a company paid out to stockholders
Savings accounts and money market accounts are most appropriate for... Emergency funds and short-term goals
What is the benefit of diversification? Reduced risk
To ensure that some of retirements savings will not be subject to taxes upon withdrawal, you would contribute to... Roth IRA
What is a 401(k)? Employer-sponsored retirement plan
What is the retirement plan used by non-profit organizations? 403(b)
What is an example of a fixed expense? Rent
What is an example of a variable expense? Groceries
What is an example of a discretionary expense? Eating out at a restaurant
What is a Zero-Based Budget? A money plan where every dollar earned has a specific purpose
What is not excused under bankruptcy? Student Loan Debt
What financial aid can you NOT apply for using FAFSA? Scholarships
What is a grace period? The period after school before you must start paying back student loans (usually about 6 months)
What is current student debt unpaid? Over $1 Trillion
Created by: daniel.owen