Managing Money Terminology

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Across
  1. 3. Money set aside for future use
  2. 5. A plan that shows expected income and expenses over a period of time.
  3. 7. When income is greater than expenses, leaving money left over.
  4. 9. ______ card - a card that allows a person to borrow money from a bank to a set limit and repay it later, often with interest on unpaid amounts
  5. 10. Money that is borrowed and must be repaid, usually with interest or fees.
  6. 11. Money flowing in, usually in the form of income
Down
  1. 1. A loan from a bank or lender that is repaid over time with interest.
  2. 2. The cost of borrowing money or the reward for saving money, usually shown as a percentage.
  3. 4. When expenses are greater than income, meaning more money is being spent than earned
  4. 5. A payment service that allows consumers to receive goods immediately and pay for them in instalments over time
  5. 6. A short-term, high-interest loan designed to be repaid quickly, usually after receiving wages.
  6. 7. a loan backed by an asset (such as a car or a house) that the lender can take if repayments are not made
  7. 8. Money flowing out, usually in the form of expenses