Financial Literacy

1. A savings vehicle that gives you a 20% money grant up to $500 per year
5. ______ yourself first
6. Represents a share of ownership in a corporation
8. A pool of investors’ money managed by a professional for a fee (two words)
10. A place to put your money with the expectation that it will return more money in the future
11. A savings vehicle to accumulate tax deferred wealth for your retirement
12. Profits of buying something at a low price and selling it at a higher price (two words)
13. Money set aside for a rainy day earning some interest
17. when used wisely can benefit consumers with extra time to pay, record keeping, bonuses, and emergency funds
19. Money paid for financial advice and management
21. A tax placed by a town or city on the ownership of real estate
23. A tax added to the purchase price on most things you buy
24. One of the two basic types of bank accounts used for everyday spending

2. A painless way to save (three words)
3. A long-term loan arranged to purchase real estate, often a home
4. A fixed term investment offered by a bank that pays a little more interest than a bank account
7. Guaranteed income received when making a loan to someone else
9. A type of tax that is placed on a person’s (or company’s) earnings
14. A selection of stocks that is reflective of the entire stock market (e.g. S&P500, TSX 60)
15. Aave _______ percent of your earnings is the golden rule
16. We met a wealthy one
18. A share of company profits paid by a company to its shareholders
20. Sold to investors as a way for governments and corporations to borrow money for long periods of time
22. A vehicle to save and invest your money and the earnings are all tax free
25. An investment that simply and efficiently combines the advantages of stocks and mutual funds