Financial terms Study Guide

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Across
  1. 3. – Borrowing money to buy something and paying it back later, usually with extra money added.
  2. 4. Aversion – When losing something feels worse than gaining something feels good.
  3. 9. (Fear of Missing Out) – Feeling worried that something fun or important is happening without you, often because of social media posts.
  4. 10. Mentality – When people copy what everyone else is doing or believing.
  5. 12. – Anything you spend your money on.
  6. 13. – The amount you pay first before insurance starts covering costs.
  7. 15. Economics – A part of economics that studies how people’s thoughts and feelings affect the choices they make with money.
  8. 17. – A plan for how you will spend and save your money over time.
  9. 18. – A set amount of money you get paid over time, no matter how many hours you work.
  10. 20. Expenses – Costs that can change each month, like food or gas.
  11. 21. Score – A number from 300–850 that shows how trustworthy you are with borrowing money.
Down
  1. 1. – A promise to fix or replace something if it stops working within a certain time.
  2. 2. Pay (Income) – The total amount you earn before taxes and deductions are taken out.
  3. 4. Leaders – Products sold super cheap to get customers in, hoping they’ll buy other things too.
  4. 5. Account – A bank account you can easily use to spend money for everyday stuff.
  5. 6. Cost Fallacy – Making choices based on money, time, or effort you already spent, even if it’s not the best choice now.
  6. 7. – Written forms that tell a bank to pay money from one account to another person.
  7. 8. Card – A card that lets you borrow money to buy things and pay it back later. If not paid in full, interest is charged.
  8. 9. Expenses – Bills or costs that stay the same every month, like rent or insurance.
  9. 11. – The original amount of money you borrow from a loan or credit card.
  10. 14. Pay (Income) – The money you actually take home after taxes and deductions.
  11. 16. – The extra money charged for borrowing money, shown as a percentage over time.
  12. 19. Value – How much money you can get by selling something after you’ve used it.