Budgeting and Finance

3. money that a person owes to someone else and must repay over time, often with added interest
6. money borrowed from a bank or lender that must be repaid over time, usually with interest
7. dishonest or illegal activity meant to steal money or personal information
8. the ability to borrow money with the promise to repay it later, usually with interest added
9. the act of putting money aside regularly to reach a financial goal or prepare for future needs
15. any cost or payment a person must make for goods, services, or responsibilities in daily life
16. a three‑digit number that shows how responsible a person is with borrowing and repaying money
17. the amount of income a person actually takes home after taxes and deductions are removed
19. money added to a bank account, increasing the account balance
20. the act of using money to buy goods or services, which must be managed responsibly
22. non‑essential items people desire but do not need, such as video games or designer shoes
25. money that is intentionally set aside and not spent so it can be used in the future for goals or emergencies
26. money given regularly, often by parents, that can be used to practice budgeting and saving
27. the total amount of money a person receives from work, gifts, or other sources before any expenses are paid
28. the total amount of money still owed on a loan or credit card after payments are made

1. a detailed plan that outlines how a person expects to earn and spend money over a specific period of time
2. money taken out of a bank account, reducing the account balance
4. an expense that changes from month to month, such as groceries or gas
5. the extra money earned on savings or charged on borrowed money, expressed as a percentage
7. money collected or saved for a specific purpose, such as emergencies or long‑term goals
10. required payments taken from income or purchases to help fund public services like schools and roads
11. unexpected events that require money quickly, such as car repairs or medical needs
12. a type of bank account used for everyday spending, debit card purchases, and paying bills
13. an expense that stays the same every month, such as rent or a car payment
14. the act of taking money from someone else with the agreement to pay it back later
18. the total amount of income earned before any taxes or deductions are taken out
21. a financial target a person plans to reach, such as saving for a trip or buying something important
23. essential items required for survival, such as food, water, shelter, and clothing
24. the amount of money paid toward a bill, loan, or credit card balance