Managing & Avoiding Debt

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Across
  1. 5. making a plan to control and pay back the money you owe in a smart and responsible way.
  2. 7. using your money wisely by buying what you need,
  3. 11. putting money aside to use later instead of spending it right away
  4. 12. money you borrow from someone else and have to pay back later
Down
  1. 1. you can keep borrowing from as long as you pay some of it back.
  2. 2. money you borrow and pay back in set payments over time until the debt is fully paid off
  3. 3. a number that shows how responsible you are with borrowing and paying back money.
  4. 4. a plan for how you will use your money
  5. 6. taking money from someone with the promise that you will pay it back later
  6. 8. a way to pay off debt where you pay off the smallest debt first
  7. 9. money you borrow that is not backed by property or collateral.
  8. 10. you manage your money