| A | B |
|---|
| Transportation budget breakdown | 1.2% Public Transit/ 5.5% Other/ 3.3% Fuel/ 7% Purchase Payment |
| Public transit | 1.2% of monthly budget |
| Other costs for transportation | 5.5% of monthly budget |
| Fuel costs | 3.3% of monthly budget |
| Purchase payment or lease payment | 7% of monthly budget |
| Depreciation | A reduction in the value of an asset with the passage of time, due in particular to wear and tear. |
| Trading in a vehicle | Negotiate the two cars separately |
| Leasing | Renting a product while the ownership remains with the lease grantor |
| Food costs budget breakdown | 7.4% home cooking/ 5.6% eating out |
| ChooseMyPlate.gov balanced meal | Fruits, grains, vegetables, protein & dairy |
| Housing, transportation and food costs make up | Over 60% of your monthly budget |
| Ramsey's 3 Keys to Finding Bargains | Everything is negotiable, you must have patience & know where to find deals |
| Ramsey's 3 Rules for Bargaining | Never lie, don't cause any harm, must be win/win for both parties |
| Dave Ramsey says no to extended warranties because | They are 50-60% commission and only 12% goes to fix or replace item |
| Ramsey's Lucky 7 Steps to Negotiating | 1. Always tell the truth 2. Use the power of cash 3. Use walk-away power 4.Shut up!! 5. That's not good enough 6. Good guy, bad guy 7. If I were to....... |
| Asking questions and then being quiet | price is not always what's important, other things can sweeten the deal |
