Financial Terminology

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Across
  1. 3. Someone might need to file for ________________ if they borrowed so much money that they can no longer afford to pay it back
  2. 4. A name for a newer type of currency that only exists on the computer and is not controlled by a government or bank
  3. 6. The name for the period of your life after you stop working
  4. 8. the name for the money you have borrowed or owe to others
  5. 10. Money lent to post-secondary students by the government to pay for school expenses
  6. 11. Something you make and follow in order to track how much money you can afford to spend every month
  7. 13. Money that you put aside and do not spend at the end of the month
  8. 15. ______________expenses are the monthly costs that can change from month-to-month (e.g. entertainment costs)
  9. 16. ________________expenses are the monthly costs that tend to stay the same from month-to-month (e.g. rent)
Down
  1. 1. _____________ the financial term for the extra money you need to pay back to the person who gave you a loan
  2. 2. the amount of money you pay every month toward owning your own home
  3. 5. What does the first "R" in "RRSP" stand for?
  4. 7. ______________ the fees you pay to take classes at a post-secondary institution
  5. 9. Your ______________ income is the amount of money you make AFTER taxes are deducted from your paycheque
  6. 12. Your ____________ income is the amount of money you make BEFORE taxes are deducted from your paycheque
  7. 13. the name for the amount of money you earn every year at your job
  8. 14. the name for the lowest hourly amount of money you are allowed to pay someone by law