6th Grade Financial Literacy Vocab

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Across
  1. 4. a specific time or instance when money changes hands
  2. 5. the process of paying someone or something
  3. 7. the total amount of personal income prior to taxes and deductions
  4. 11. a monthly or yearly spending and savings plan for an individual, family, business or organization
  5. 14. payment for goods and services
  6. 15. an identification card that is issued by a bank and allows user immediate use of money in their bank account. Uses a PIN to keep it safe.
  7. 17. the amount available in an account for a person, business, or organization to spend
  8. 18. payments using security features on the Internet
  9. 20. a tax on real estate, land, and other personal property by local government
  10. 21. money, paid to the government in exchange for public "free" services such as road maintenance and police protection
  11. 22. money put IN to an account; balance goes up
  12. 23. money paid regularly at a percentage rate for the use of money loaned or deposited into a savings account
  13. 24. money earned or received
  14. 25. a written document telling the financial institution to pay a specific amount of money from your account to a specific person or organization
Down
  1. 1. the income that remains after taxes and other deductions are taken from an individual's gross income
  2. 2. to reconcile your budget or account statement with your check register to make sure the records match and are accurate
  3. 3. an expense that stays the same each month
  4. 6. an expense that changes each month
  5. 8. money paid by an employee to the federal government based on an individual's income as required by law
  6. 9. the amount of money collected by a store (retailer), in addition to a good or service that was purchased, for the local government as required by law
  7. 10. a card that can be used to borrow money from financial institutions, stores, or other businesses, to buy goods now but pay later.
  8. 12. to take money out of an account.
  9. 13. to take out of, or subtract
  10. 16. money paid by an employer to the federal government based on employee income as required by law
  11. 19. once a month