Chapter 1 , Chapter 2 Personal Finance

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Across
  1. 2. the percentage of principal charged by the lender for use of its money​​​​​​​
  2. 5. the knowledge and skill base necessary for people to be informed consumers and manage their finances effectively
  3. 8. the additional cost a lender charges for borrowing their money
  4. 9. expense that remains the same from month to month
  5. 11. The state of owing money to someone
  6. 14. the cost of goods or services; money paid out
  7. 15. anything that is owned by an individual, including money in the bank or investments
  8. 18. a written plan for giving, saving, and spending
  9. 19. Not having extra money to spend when you get paid
  10. 21. person or entity that charges borrowers interest rates above an established legal rate
  11. 22. money received for work, as a gift, or through investments
Down
  1. 1. the amount by which the value of a person’s assets exceeds or falls behind the value of their liabilities
  2. 3. expense that varies in dollar amount from month to month but that you can expect to have every month
  3. 4. income the amount you earn before taxes and other payroll deductions
  4. 6. dollar value of a person’s liabilities is larger than the value of their assets
  5. 7. financial debts or obligations
  6. 10. the dollar value of a person’s assets is greater than the dollar value of their liabilities
  7. 12. what a person earns after payroll taxes and other deductions are taken out; often referred to as take-home pay
  8. 13. a cash-flow plan that assigns an expense to every dollar of your income; the goal is for the total income minus the total expenses to equal zero
  9. 16. a plan of action that allows a person to meet not only their immediate needs but also their long-term goals
  10. 17. the granting of a loan and the creation of debt; any form of deferred payment
  11. 20. someone who purchases goods and services for personal use.