Financial Planning for Life

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Across
  1. 2. -the original amount of money lent in a loan that does not include interest
  2. 5. debt -money expanded that can increase your net worth and help you earn more money
  3. 7. -a tax-advantage retirement plan with an employer contribution
  4. 8. -they pay for work complete in a set period of time
  5. 10. financial goals -the things you would like to be able to do with your money in around one to five years
  6. 12. -money that is paid quarterly to shareholders of a company from the profits the company earns
  7. 15. mortgage -a loan for a house where the interest rate stays the same throughout the entire term of the loan
  8. 16. dept -dept that doesn't increase your net worth or help u earn more money
  9. 18. financial goals -the things you would like to be able to do with your money in less than a year
  10. 20. financial goals-the things you would like to be able to do with you money more than five years in the future
  11. 22. -money that is owned in return for a loan or a purchase
  12. 23. worth -the total amount of money held by an individual or company, including both assets and debts
Down
  1. 1. interest - a percentage of both the principal (original loan amount) and previously accrued interests that is added to the total amount owed on a loan
  2. 3. -an increase in monetary value
  3. 4. -an employer-sponsored account where employees can save money from each paycheck to be used in retirement
  4. 6. income tax -tax paid to the internal revenue service based on income from employment or business activity
  5. 9. -property owned by a person that has value and could be used to pay off debt
  6. 11. -money that is expended with the expectation of earning profit in return
  7. 13. -money paid at a regular rate in exchange for money lent
  8. 14. advance -small amount of money borrowed from credit card lenders at a very high interest rate
  9. 16. -a plan for income and expenses during a set period of time
  10. 17. cost averaging -an investment strategy that divides up the amount of money being invested and purchases small quantities of assets over time
  11. 19. -all of the money than an individual receives or earned in a set period of time
  12. 21. IRA -an individual retirement account where you can make after-tax contributions
  13. 22. payment -the initial payment at the point of purchase of a large item like a car or house