Financial Literacy

5. a financial obligation or debt
8. a loan made by an investor to a borrower (like the government or a company)
13. savings set aside for unexpected expenses
16. a plan for how to spend and save money based on income and expenses
19. the portion of income you pay to the government
20. interest earned on both the initial principal and the accumulated interest
21. the original amount of money borrowed (not including interest)
23. a personal retirement savings account with tax advantages
24. the cost of borrowing money or the earnings from saving money

1. when you spend more money than you have in your bank account
2. spreading investments to reduce risk
3. a bank account that earns interest on deposited funds
4. money set aside for future use rather than spent
6. the costs of goods and services you pay for
7. something valuable owned, like cash, stocks, or property
9. money earned from work, investments, or other sources
10. a number representing your creditworthiness based on credit history
11. a bank account used for daily transactions
12. a paper with your account and routing number that allows a person to draw money from you
14. understanding and effectively using financial skills like budgeting, investing, and managing debt
15. borrowed money that must be paid back with interest
17. a share in the ownership of a company
18. a detailed record of your credit activity and history
22. the annual cost of borrowing money including fees