Grow: Financial Planning for Life

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Across
  1. 3. the total amount of money held by an individual or company, including both assets and debts
  2. 8. money paid at a regular rate in exchange for money lent
  3. 9. a retirement account with tax advantages where money can be saved and invested for the long term
  4. 10. the things you would like to be able to do with your money in less than a year
  5. 12. an investment strategy that divides up the amount of money being invested and purchases small quantities of assets over time
  6. 16. money that is paid quarterly to shareholders of a company from the profits the company earns
  7. 18. property owned by a person that has value and could be used to pay off
  8. 19. small amounts of money borrowed from credit card lenders at a very high-interest rate
  9. 22. 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
  10. 24. all of the money that an individual receives or earns in a set period of time
  11. 25. a plan for income and expenses during a set period of time
  12. 27. a retirement plan for the benefit of employees of public schools, some hospitals, and certain tax-exempt organizations
  13. 28. a small loan with a very high-interest rate lent with the expectation that the borrower will repay the full amount of the loan with their next paycheck
Down
  1. 1. a loan for a house where the interest rate stays the same throughout the entire term of the loan
  2. 2. the things you would like to be able to do with your money in around one to five years
  3. 4. the things you would like to be able to do with your money more than five years in the future
  4. 5. the pay for work completed in a set period of time
  5. 6. tax paid to the IRS based on income from employment or business activity
  6. 7. an individual retirement account where you can make after-tax contributions; withdraws made after age 59 1/2 are tax and penalty fee
  7. 11. the original amount of money lent in a loan that does not include interest
  8. 13. debt that does not increase your net worth or help you earn money
  9. 14. the monetary fees given to an individual if they perform an early withdrawl from a locked or time-specific account such as a 401K, 403b, or IRA account
  10. 15. a tax-advantaged retirement plan with an employer contribution
  11. 17. money that is expended with the expectation of earning profit in return
  12. 20. an increase in monetary value
  13. 21. money expended that can increase your net worth and help you earn more money
  14. 23. money that is owed in return for a loan or a purchase
  15. 26. an employer-sponsored account where employees can save money from each paycheck to be used in retirement