Financial Literacy Fall Review

3. anything that is owned by an individual, including money in the bank or investments.
4. A statistical number used to represent a consumer‘s creditworthiness.
10. A savings account set up specifically to be used to cover financial emergencies.
12. Average rate of growth for an investment over time.
15. Making a purchase without planning to do so in advance.
17. The loss of value of an asset over time.
19. The cost of goods or services; money paid out
20. A written cash flow plan.

1. Type of expense that occurs at various times throughout the year and tends to be in large, lump sums.
2. A cash-flow plan that assigns an expense to every dollar of your income;
5. Money received for work, as a gift, or through investments.
6. _____ remorse; a feeling of guilt, regret, or uneasiness after making a purchase.
7. The knowledge and skill base necessary for people to be informed consumers and manage their finances effectively.
8. The amount of time, in months, that you'll be making payments.
9. The initial amount of money invested or borrowed.
11. What a person earns after payroll taxes and other deductions are taken out; often referred to as take-home pay.
12. Interest paid on previously earned interest.
13. The amount you earn before taxes and other payroll deductions.
14. Money owed to another person or company.
16. Type of expense that varies in dollar amount from month to month, but that you can expect to have every month.
18. Any form of deferred payment.