Chapter 9 Personal Finance

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Across
  1. 6. Money placed in an account in a bank or other financial institution using a deposit slip or direct deposit
  2. 11. Money removed from an account either electronically or by writing a check
  3. 14. Debt that extends a consumer’s obligation into the future
  4. 15. Goodwill donation, usually of money, voluntarily made on an individual’s behalf to an organization
  5. 16. An expense that occurs on occasion but typically for the same amount of money
  6. 18. An organized method of storing information
  7. 19. Money spent on something that remains the same amount each month, such as rent, cell phone payment, cable bill, car insurance, and a car payment
  8. 20. Illustrates cash inflows and outflows for a specific period; also known as cash flow statement
  9. 21. Immediate debt owed
  10. 22. Money spent on something that fluctuates from month to month
  11. 23. A projection of income and expenses
Down
  1. 1. Money set aside for use in future events that may benefit you
  2. 2. The amount of money left after paying all current necessities, such as rent, food, and clothing
  3. 3. Things you own that are designated for long-term use, such as retirement accounts, bonds, or stocks
  4. 4. A process that interprets the difference between what the account holder’s records show as available cash and what the bank statement shows as a balance
  5. 5. Gross pay minus applicable taxes
  6. 7. A booklet form that is used for the purpose of tracking and balancing a bank account
  7. 8. A deposit account that allows for deposits and withdrawals
  8. 9. Things you own that can be converted to cash much more quickly than fixed assets and often include money in savings and checking accounts or cash on hand
  9. 10. Difference between the amounts in your budget and the actual amounts received as income or spent for expenses
  10. 12. To pay into your savings first, and then learn to live on the remainder of your take-home pay
  11. 13. Documents that provide a snapshot into an individual’s overall financial health
  12. 17. Issued periodically to the account holder, which includes the balance in their account and the deposits into and withdrawals from it