Financial Literacy Vocab

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Across
  1. 1. When you have no ability to repay your debts
  2. 4. The money you have coming in
  3. 5. A score generated by a credit agency that describes how likely you are to pay back your debts
  4. 7. Things that would be nice to have, but are not necessary
  5. 12. The bills you have to pay
  6. 13. When a lender gives you a loan
  7. 14. A debt where you agree to borrow a specific amount of money and repay it at a specified rate over a specified time
  8. 15. Someone who loans you money
  9. 17. Value of the assets you own minus your liabilities
  10. 19. Loan for a home
  11. 20. Saved money, retirement savings, home and car
Down
  1. 2. A time later in life when you decide to stop working full-time
  2. 3. All your debts like loans, mortgages, and credit card bills
  3. 6. A thing you do with money in order to earn more money
  4. 8. Fee paid to a lender by a borrower for the use of borrowed money
  5. 9. Success in managing money is 20% knowledge and 80% _________
  6. 10. Obligation to repay the money you owe someone
  7. 11. Decisions you make and things you do regarding money
  8. 13. A person who buys products
  9. 16. The system by which goods and services are made available
  10. 18. Things you have to have to live