Money Management

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Across
  1. 2. Security income- Social Security benefits, which are monthly retirement, disability, or survivor payments based on your work history, or Supplemental Security Income (SSI), which are needs-based payments for people with limited income and resources
  2. 5. plans- a document that outlines your current financial situation, your short- and long-term financial goals, and the strategies for achieving them
  3. 10. equity- the process of increasing the value of the portion of your home that you own outright
  4. 13. a retirement plan that provides a regular income to employees after they stop working, often funded by an employer.
  5. 14. the name of a book, composition, or other artistic work.
  6. 21. IRA- an individual retirement account funded with after-tax dollars, meaning contributions are not tax-deductible.
  7. 23. a person or entity that owns property, such as a house, apartment, or land, and leases it to tenants in exchange for rent
  8. 25. tax- a government-imposed tax on the earnings of individuals and businesses
  9. 26. contributions- amounts of an employee's pay that are deducted from their paycheck and put toward benefits like retirement plans and health insurance
  10. 28. mortgage payment- is the regular payment a homeowner makes to a lender to repay a home loan.
  11. 29. anything of value that is owned by an individual or organization, including physical items, investments, and intellectual property
  12. 31. worth- a measure of your financial health calculated by subtracting your total liabilities (what you owe) from your total assets (what you own)
  13. 33. mobility- the ability of an individual, group, or class to improve their social and economic position, such as by moving to a higher social class or achieving higher status, income, and power
  14. 34. a person who occupies land or property rented from a landlord.
  15. 36. an abundance of valuable possessions or money.
  16. 39. theft- a crime that involves someone using your personal or financial information without your permission for their own fraudulent purposes
  17. 40. expressing the future tense.
  18. 42. ownership- refers to the process of securing the funds needed to acquire or maintain a controlling stake in a business or property
  19. 43. buying- the buying of goods without planning to do so in advance, as a result of a sudden whim or impulse.
Down
  1. 1. planners- a professional who helps individuals and families manage their money and achieve their financial goals through comprehensive strategies, including budgeting, investing, retirement planning, and estate planning.
  2. 3. Retirement Account (IRA)- a tax-advantaged investment account designed to help people save for retirement
  3. 4. pay someone for the use of (something, typically property, land, or a car).
  4. 5. mortgage- a home loan where the interest rate remains constant for the entire loan term
  5. 6. tax-the remaining amount of income or profit after all applicable taxes have been deducted
  6. 7. the state of being responsible for something, especially by law
  7. 8. an employer-sponsored retirement savings plan that provides special tax benefits and allows employees to save and invest a portion of their salary
  8. 9. company mortgage- a loan for purchasing property, secured by the property itself, where the company lends money and the borrower agrees to pay it back with interest over a set period.
  9. 11. mortgages- a type of home loan where the interest rate fluctuates over time, based on a benchmark financial index.
  10. 12. planning- the process of setting financial goals and strategies to ensure you have enough income and savings to live comfortably after you stop working
  11. 15. taxes (Real estate taxes)- locally assessed taxes levied on the value of land and any permanent structures on it
  12. 16. tax- a tax on sales or on the receipts from sales.
  13. 17. a type of cyberattack that uses deceptive emails, text messages, or websites to trick people into giving up sensitive information like passwords, credit card numbers, or bank account details
  14. 18. deposit- a sum of money paid to a landlord to cover potential damages to a rental property or unpaid rent
  15. 19. tax return- is a form filed with a government tax authority to report your income, expenses, and other financial details for the past year
  16. 20. Management- the process of budgeting, saving, investing, and spending wisely to achieve financial stability and long-term security
  17. 22. payment- an initial payment made by a buyer at the time of a purchase, with the rest of the cost typically financed by a loan
  18. 24. Contribution- an arrangement where an employee postpones receiving a portion of their current income until a future date, typically retirement
  19. 27. company- a financial institution that specializes in providing home loans to individuals.
  20. 30. in life- the distinct phases of a person's development, each characterized by common experiences, challenges, and milestones
  21. 32. deferred- refers to investments where taxes on the earnings are postponed until a future date, typically when the funds are withdrawn.
  22. 35. IRA- a retirement savings plan where contributions may be tax-deductible, and the investments grow tax-deferred until withdrawal.
  23. 37. the act, state, or right of possessing something.
  24. 38. estate- property consisting of land or buildings.
  25. 41. mortgage- a mortgage is a loan for purchasing real estate, where the property itself serves as collateral for the loan.