Financial Literacy

5. A rating that is derived from how much you owe, what your history of paying loans is, and whether you can be relied on to pay off loans
6. The Federal rate for this has been $7.25 since 2009
8. what many people struggle to pay
10. when you are given money that you must pay back over time
11. How much money a person takes home after deductions
12. the money you receive from all sources
14. how much you owe from loans for things you could not afford at the time
15. the monthly or yearly increase in the cost of goods
16. a fixed amount of annual compensation paid to an employee

1. money that you spend
2. money taken out of a person's paycheck (ex: insurance, income tax, Social Security, etc.)
3. Payments,usually for services performed as an employee
4. a plan that balances money coming in (income) with money going out (expenses)
6. a loan for buying a house or property
7. how most people make their money
9. placing money into an account to be used at a later date
13. Hourly pay multiplied by the number of hours worked. How much is actually earned before deductions are taken out of the paycheck