Financial Literacy Vocabulary

Edit Answers
123456789101112131415161718192021
Across
  1. 4. a pay schedule in which pay checks are given every two weeks
  2. 6. A loan used to purchase a house
  3. 7. the "20" portion of the 50-30-20 rule
  4. 9. type of interest that is based solely on the principal, rate & time
  5. 12. to turn a percent into a decimal you must ______________ by 100
  6. 13. The "50" portion of the 50-30-20 rule
  7. 14. This type of income is your "take-home pay" - approximately 70% of what you earned
  8. 17. 4 times per year, interest is compounded _________________
  9. 18. 3 letter abbreviation that represents annual interest on a loan or credit card
  10. 20. the "e" formula is used when interest is compounded ____________________
  11. 21. The "30" portion of the 50-30-20 rule
Down
  1. 1. __________ Charge, the cost of paying for something with a loan (another way to say "interest paid")
  2. 2. 52 times per year, interest is compounded ________________
  3. 3. the portion of your budget involving "money earned"
  4. 5. a term for the amount of money earned hourly
  5. 8. _____________ income is money earned BEFORE taxes & other deductions
  6. 10. the portion of your budget involving "money spent"
  7. 11. 12 times per year, interest is compounded ______________
  8. 15. the beginning amount of money in a loan or investment
  9. 16. a term for the amount of money earned in a full year
  10. 19. to turn a decimal into a percent you must _____________ by 100