Life Scenarios Vocabulary

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Across
  1. 2. A request to your insurance company to pay for something
  2. 5. Moving money from one account to another.
  3. 8. The amount you owe to someone else.
  4. 9. An amount removed from your bank or credit union account to pay for something.
  5. 13. Pay- The amount of money left on your paycheck after taxes have been withheld.
  6. 14. A record or statement of financial expenditures or receipts, often related to a bank or credit union.
  7. 18. the amount of money you pay out-of-pocket for a covered insurance claim or expense before your insurance policy begins to pay.
  8. 19. Anything that you spend money on.
  9. 21. When you turn your money over to a financial institution for safekeeping.
  10. 22. The time it takes for money to move from one account to another (e.g. from checking to cash, or from one checking account to another).
  11. 23. A plan for what you're going to spend your money on.
  12. 24. A fee from your bank or credit union when you try to spend more than what is in your account.
Down
  1. 1. The amount of money you borrow when using a loan or credit card.
  2. 2. Borrowing money to pay for something with the understanding you'll pay it back, plus more, later.
  3. 3. Necessities like electricity, gas, and water, which are paid monthly as part of your household expenses.
  4. 4. Money paid to the federal or state government for services and programs. Everyone has to pay them.
  5. 6. The price paid for borrowing money. It is expressed as a percentage rate over a period of time
  6. 7. Account- A bank account that allows quick access to money for everyday expenses.
  7. 10. An amount available in or owed on an account.
  8. 11. Money earned through work.
  9. 12. Entry Accounting- A budgeting method where you record your earnings twice: once in your account and once in your budget.
  10. 15. The physical form of money, such as coins or paper money.
  11. 16. A contract that allows you to borrow someone's property for a specified amount of time and money.
  12. 17. Payment- The smallest amount you are required to pay on money you borrowed in order to avoid fees or fines.
  13. 20. Stub- A document that comes with your paycheck, showing how much you were paid and how much was withheld for taxes.
  14. 22. The amount you pay to a healthcare provider before your insurance takes the claim, usually paid before you receive a service.