Budgeting and Banking

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Across
  1. 4. (Federal Deposit Insurance Corporation) – A government agency that protects your money in banks, up to $250,000 per account.
  2. 7. – A business that keeps money safe, offers loans, and provides financial services like checking and savings accounts.
  3. 8. – Money put into a bank account.
  4. 11. Fee – A monthly fee some banks charge for keeping a checking or savings account open (sometimes avoidable with direct deposit or minimum balance).
  5. 14. Union – A member-owned financial institution that offers many of the same services as a bank, often with lower fees and better interest rates.
  6. 16. (National Credit Union Administration) – A government agency that protects your money in credit unions, up to $250,000 per account.
  7. 18. – Money borrowed from a bank (or lender) that must be paid back, usually in regular payments, over time.
  8. 19. Account – A bank account that earns interest on money you save but is less convenient for daily spending.
  9. 20. Card – A card linked to your checking account that lets you spend money you already have.
Down
  1. 1. Fee – A charge you pay when you spend more money than you have in your checking account.
  2. 2. of Deposit (CD) – A type of savings account where you agree to keep your money in the bank for a set time in exchange for a higher interest rate.
  3. 3. Interest – Interest calculated not only on the original money deposited (principal), but also on the interest that has already been added. This makes savings grow faster over time.
  4. 5. (on Savings) – The small amount of money the bank pays you for keeping your money in a savings account. Example: If you have $100 saved, the bank might pay you $1 extra over the year.
  5. 6. – A plan for how to use your income for spending, saving, and paying bills.
  6. 7. – The amount of money currently in your bank account.
  7. 8. Deposit – When your paycheck is electronically transferred straight into your bank account.
  8. 9. Card – A card that allows you to borrow money up to a certain limit, which you must repay (usually with interest if not paid in full).
  9. 10. – Taking money out of a bank account.
  10. 12. Account – A bank account used for everyday transactions like deposits, withdrawals, and payments. Usually comes with a debit card.
  11. 13. – Any movement of money in or out of your account (like a deposit, withdrawal, or payment).
  12. 15. (on Loans) – The extra money you pay a bank in exchange for borrowing money. Example: If you borrow $1,000, you might pay back $1,050.
  13. 17. (Automated Teller Machine) – A machine that lets you withdraw cash, deposit money, or check balances without going inside the bank.