financial literacy vocab

12345678910111213141516171819202122232425262728293031323334353637383940414243444546474849
Across
  1. 1. make decisions based on what resources you already have
  2. 4. A fee charged when there isn't enough money in an account to cover an expense.
  3. 5. Borrowing money to pay for something that you'll have pay it back, plus more, later.
  4. 7. The state issues a title to provide a vehicle owner with proof of ownership. Each title has a unique number.
  5. 12. provides protection over unplannable expences
  6. 13. A form that tells a financial institution to give a certain amount of money from someone's account to someone else
  7. 14. money you borrow when using a loan or credit card
  8. 16. An amount that can be subtracted from someones tax liability that lowers their taxable income
  9. 17. A decrease or loss in value
  10. 18. fear of missing out,
  11. 21. the failure to make payments on time
  12. 24. costs that stay the same every month(rent insurance and phone bill)
  13. 26. when items are sold at a low price to attract customers who would want more
  14. 28. A form done by an employee to show his or her tax situation to the employer, who then withholds the corresponding amount of taxes from each paycheck
  15. 29. conform to the behaviors and beliefs of the people around you
  16. 31. fixed amount of money your payed over a certain time period(doesn't matter how much you worked)
  17. 35. costs that change month to month(gas, groceries)
  18. 38. A agreement where someone pays something off every month until its paid off
  19. 40. individual retirement account that allows a person to set aside after-tax income up to a specified amount each year
  20. 41. A used car that has been inspected, refurbished, certified and warranted by the original manufacturer
  21. 43. process of putting money to the side to increase wealth over time for long-term financial goals such as retirement
  22. 44. repair or replacement of a product if it breaks during a certain time
  23. 45. to take money out of an accountant an financial institutional
  24. 46. Someone you financially support who can be "claimed" on a tax return to lower your taxable income and lower your taxes
  25. 47. money you pay out of pocket for a covered insurance claim before your insurance begins to pay.
  26. 48. Money put into an account at a financial institution
  27. 49. anything you spend money on
Down
  1. 2. a savings plan sponsored by your employer who will match how much u contribute
  2. 3. Negative information like late payments, bankruptcies, or collections that stay on a report for 7–10 years.
  3. 6. total earning before deductables are taken out
  4. 8. A part of a company that can be given as an investment which gives the investor small part of the company
  5. 9. contributions to the government to pay for things like public serveces
  6. 10. amount of money you can get from an item you've already used
  7. 11. collection of financial investments like stocks, bonds, commodities, cash, and cash equivalents, including mutual funds and ETFs
  8. 15. a card that's used for borrowing money for a perchace(pay it back with interest if not paying back in certain time period)
  9. 19. tendency to regard losses as considerably more important than gains of comparable magnitud
  10. 20. An inquiry into your credit history, typically in advance of applying for a loan. Hard inquiries can negatively affect your credit for 12 months and remain on your credit history for two years
  11. 22. A bank account that allows access to money for everyday expenses.
  12. 23. Total earnings after payroll taxes and other deductions have been taken out (also called take-home pay)
  13. 25. federal program that provides monthly benefits to millions of Americans, including retirees, military families, surviving families of deceased workers, and disabled individuals
  14. 27. A detailed report containing A fee charged when there isn't enough money in an account to cover an expense.
  15. 28. A or a store's written agreement to repair a product or refund your money if the product doesn't work properly
  16. 30. investing in a large amount of stocks, bonds, and funds as a way to lower your overall risk
  17. 32. Taxes that are paid by employees to federal and state government through a direct deduction from their paycheck
  18. 33. subfield of economics that applies psychological insights into human behavior
  19. 34. what you pay for borrowing money
  20. 36. number between 300 and 850 that's compiled by considering someone's borrowing history and represents their creditworthiness to potential lenders
  21. 37. plan how to use your money
  22. 39. a contract that lets you use someone elses property for a certain amount of time
  23. 42. A form that an employer must send to an employee and the IRS at the end of the year to report the employee's annual wages and taxes withheld from their paycheck