Personal Finance

1. An item of economic value that can be sold for cash
4. Failing to meet a financial obligation
9. An increase in value of an item
10. A list of estimated expenditures and the expected ways to pay for them
12. Money or debt that you owe someone else
13. Plastic used to borrow money or make purchases
16. Debt arrangement that allows you to borrow and repay and then borrow again
18. Occurs when you attempt to use money from your account, but your account does not have that much money in it
20. Earned from employment, Unearned from interest on investments
21. Levied on goods and services you purchase
22. This tells how willing you are to take chances in obtaining your financial goals
23. The fee charged to a borrower by a lender
24. A decrease in value of an item
26. An individual or organization that is owed money or other item of value
29. To receive something of value, with a promise of giving something of equal or greater value at some point in the future
30. Provides access to your bank accounts and can be used to make purchases
31. Starting balance, interest rate compounded monthly, payments made monthly
32. Initial deposit, interest rate compounded monthly, monthly deposits made

1. Checking or Savings
2. An agreement to pay for the use of an asset
3. Based upon your net worth
5. Assessed on your earnings
6. Cost of living or discretionary
7. Your past record of making payments on your liabilities
8. When the bank honors your payment without the money in your account
11. Federal government guarantees your money in the bank against bank bankruptcy
14. Your capacity to borrow (FICO score)
15. A pre-authorized to access as needed
17. Return: Interest or discount on face value
19. Education, family, career, lifestyle, home, transportation, vacations, retirement
25. The amount borrowed
27. Return: Dividend or capital gain
28. A loan to finance the purchase of real estate