Financial Planning for Life

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Across
  1. 7. the things you would like to be able to do with your money in less than a year
  2. 8. interest a percentage of both the principal and previously accrued interest that is added to the total amount owed on a loan
  3. 9. money that is owed in return for a loan or a purchase
  4. 10. the pay for work completed in a set period of time
  5. 13. the initial payment at the point of purchase of a large item like a car or house; a bigger down payment can reduce the amount you must pay monthly
  6. 15. a tax-advantaged retirement plan with an employer contribution
  7. 16. a numerical value based on analysis of a credit record, describing a person's likelihood of paying back loans; credit scores range from 300 to 850
  8. 17. money that is expended with the expectation of earning profit in return
  9. 20. the extent to which a person or company is considered suitable to receive a loan, based on their reliability in paying money back in the past
  10. 22. all of the money that an individual receives or earns in a set period of time
  11. 23. property owned by a person that has value and could be used to pay off debt
  12. 24. a retirement account with tax advantages where money can be saved and invested in for the long term
  13. 25. an increase in monetary value
Down
  1. 1. the things you would like to be able to do with you money around one to five years
  2. 2. money expended that can increase your net worth and help you earn more money.
  3. 3. the original amount of money lent in a loan that does not include interest
  4. 4. debt that does not increase your net worth or help you earn more money
  5. 5. the things you would like to be able to do with your money in around one to five years in the future
  6. 6. an investment strategy that divides up the amount of money being invested and purchases small quantities of assets over time
  7. 11. money that is paid quarterly to shareholders for a company from the profits the company
  8. 12. small amounts of money borrowed from credit card lenders at a very high interest rate
  9. 14. money paid at a regular rate in exchange for money lent
  10. 18. the total amount of money held by an individual company, including both assets and debts
  11. 19. money that is owned in return for a loan or a purchase
  12. 21. an individual retirement account where you can make after tax contributions; withdraws made after age 59 1/2 are tax and penalty free