Intro Chapter for Personal Finance

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Across
  1. 3. what a person earns after payroll taxes and other deductions are taken out; often referred to as take-home pay
  2. 6. the dollar value of a person’s assets is greater than the dollar value of their liabilities
  3. 8. the additional cost a lender charges for borrowing their money
  4. 9. the cost of goods or services money paid out
  5. 12. the amount by which the value of a person’s assets exceeds or falls behind the value of their liabilities
  6. 14. person or entity that charges borrowers interest rates above an established legal rate
  7. 15. financial debts or obligations
Down
  1. 1. an expression used to describe a person or household whose monthly income is devoted to expenses and has little to no savings
  2. 2. all the financial decisions an individual or family must make in order to earn, budget, save, spend, and give money over time
  3. 4. the dollar value of a person’s liabilities is larger than the value of their assets
  4. 5. anything that is owned by an individual, including money in the bank or investments
  5. 7. the percentage of principal charged by the lender for use of its money
  6. 10. money owed to another person or company
  7. 11. a person or organization that uses a product or service
  8. 13. the granting of a loan and the creation of debt; any form of deferred payment