Chapter 1 Vocabulary
Across
- 4. worth Difference between what you own and what you owe
- 7. having enough money for your basic needs and modest wants without having to work
- 12. Measurable objectives related to acquiring or spending money
- 15. Earn interest on the principle
- 17. Relates to finances, is a plenty supply of money or valuable goods
- 18. A fee paid on borrowed money or money earned on deposits with a bank or other financial institution
Down
- 1. Amount invested
- 2. Putting money to a use that you hope will increase its value over time
- 3. An equation that lets you estimate how long it will take to double your investment with a fixed annual interest rate
- 5. Things a person desires but are not necessary for survival
- 6. Interest that does not compound
- 8. Percentage that your savings or other investments earn over a period of time
- 9. Debt you owe
- 10. Things a person must have to survive, such as food, water and clothing
- 11. A set of goals for acquiring, savings, and spending money
- 13. Things you own
- 14. Increase in value, of their investment over a period of years
- 16. Beliefs about ideas and principles that are important to you