Chapter 3 - Money Management

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Across
  1. 2. is a plan for using money to meet wants and needs.
  2. 6. the debts that you owe.
  3. 9. cash inflow is the money you receive.
  4. 11. the money left over after paying for the essentials, such as food, clothing, shelter, transportation, and medication.
  5. 12. or net pay, is the amount of income left after taxes and other deductions are taken out of your gross pay.
  6. 13. are any items of value that an individual or company owns, including cash, property, personal possessions, and investments.
  7. 15. are those that are more or less the same each month.
  8. 16. is an abundance of valuable material possessions or resources.
  9. 17. the money that actually goes into and out of your wallet and bank accounts.
  10. 18. a small, secure storage compartment that you can rent in a bank, usually for $100 a year or less.
  11. 19. land and any structures that are on it, such as a house or any other building that a person or family owns.
Down
  1. 1. extra money that can be spent or saved, depending on a person’s financial goals and values.
  2. 3. may change from money to money.
  3. 4. is the difference between the budgeted amount and the actual amount that you spend.
  4. 5. is a financial state that occurs if liabilities are greater than assets.
  5. 7. is planning how to get the most from your money.
  6. 8. also called a net worth statement, a financial statement that lists items of value owned, debts owed, and a person’s net worth.
  7. 10. are cash and items that can be quickly converted to cash.
  8. 11. is the financial situation that occurs when more money is spent than is earned or received.
  9. 14. is the difference between the amount that you own and the debts that you owe.