PERSONAL FINANCIAL BASICS EXAM REVIEW

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Across
  1. 5. Money going out.
  2. 8. A numerical representation of your creditworthiness based on your credit history.
  3. 14. Money put into an account automatically.
  4. 16. Money coming in.
  5. 17. This the SMART acronym that answers the questions; what specific actions do I need to complete to meet this goal.
  6. 18. Your take-home pay.
Down
  1. 1. The amount of money paid or earned for the use of money.
  2. 2. The money you spend on goods and services, including necessities like food, housing, transportation, and discretionary spending like entertainment and hobbies.
  3. 3. The day you receive your paycheck.
  4. 4. This the SMART acronym that answers the questions; is the goal reachable.
  5. 6. This the SMART acronym that answers the questions; what exactly do you want to accomplish.
  6. 7. This the SMART acronym that answers the questions; how many, how much, what progress have I made towards my goal.
  7. 9. The money you earn from various sources such as allowances, part-time jobs, or gifts.
  8. 10. A bank account where you can deposit money and earn interest on the balance, typically used for storing money for future needs or emergencies.
  9. 11. The act of allocating money into assets such as stocks, bond, or real estate with the expectation of generating income or appreciation over time.
  10. 12. This the SMART acronym that answers the questions; when will I reach the goal.
  11. 13. A plan that outlines your income and expenses, helping you manage your money effectively and reach your financial goals.
  12. 14. Money borrowed from lenders that must be repaid, often with interest. Common forms of debt include student loans, credit card balances, and mortgages.
  13. 15. Your pay before any deductions.