Financial Literacy for Teens

2. The increase in prices over time, reducing the value of money.
5. A loan specifically for purchasing a home.
6. The original amount of money borrowed or invested.
8. A legal status for individuals or businesses unable to repay debts.
10. Mandatory payments made to the government based on income, purchases, or property.
11. Failing to repay a loan according to the agreed terms.
13. A financial product that protects against loss or damage.
16. The original amount of money borrowed or invested.
17. The process of planning income and expenses.
19. The period of life after ending full-time work, often funded by savings or pensions.
20. A financial award for education that doesn’t need to be repaid.
21. Wealth in the form of money or assets used for investment.

1. Spending more money than is in your account, leading to a negative balance.
3. Financial obligations or debts owed.
4. A retirement savings plan sponsored by an employer.
7. A retirement plan funded by an employer.
8. The process of creating a plan to spend your money wisely.
9. A set amount of money given regularly for personal expenses.
12. Failing to repay a loan according to the agreed terms.
14. A financial award, often for education or business, that doesn’t need to be repaid.
15. A share of profits paid to shareholders of a company.
18. Spreading investments to reduce risk.