Across
- 3. fixed amount of money to be paid to an employee
- 4. nonessential purchases
- 5. when expenses exceed income
- 11. amount of money paid at a specific rate per hour worked
- 13. plan of your expected income and using it to meet your expected expenses
- 14. take-home pay
- 15. something a person intends to acquire, achieve, or accomplish in the future
- 16. any items subtracted from your paycheck
- 17. value of the next best alternative that must be forgone because of a decision
- 19. total earnings before deductions
- 21. costs that remain the same at regular intervals
- 23. costs that can change in amounts
- 24. items person must have to live or succeed
- 25. managing money to reach your financial goals
- 26. when income exceeds your expenses
- 27. amount of money needed to sustain a certain level of living
- 28. goal attained in more than one year
Down
- 1. total value of money and other assets, minus debts
- 2. financial plan where every anticipated earning is assigned a role to be spent, saved, or invested
- 6. financial plan that allocates specific percentages to needs, wants, and savings and debt repayment
- 7. goal attained in less than one year
- 8. process of calculating how much money you must earn or save and how you will spend it
- 9. financial plan where money for all variable spending is taken out in cash and placed in labeled envelopes
- 10. money that is earned
- 12. giving up one thing for another
- 18. automatically saving a specified amount from your paycheck before budgeting
- 20. anything you are responsible for paying
- 22. specific objectives accomplished through financial planning