Financial Words

3. A personal retirement savings account with tax benefits.
5. Shares of ownership in a company that can increase or decrease in value.
8. ______Rate: The percentage charged for borrowing money or earned on savings.
11. A financial plan that outlines income and expenses.
13. The total cost of borrowing, including interest and fees.
14. Term The length of time to repay a loan.
15. ______Account: A bank account that earns interest and is used for saving money.
16. ______Report: A detailed history of an individual's credit activity and debt management.
18. The original amount of money borrowed or invested, not including interest.
20. ______Score: A numerical rating that represents a person’s creditworthiness.
21. _______Income: Total earnings before taxes and deductions.
22. Money owed to lenders, such as loans and credit card balances.
23. ______Income: Earnings from sources other than active work, such as rental income or investments.

1. A retirement savings plan offered by employers with tax advantages.
2. ______Expenses: Regular, unchanging costs like rent or car payments.
4. ______Fund: Investments that pool money from multiple investors to buy stocks and bonds.
5. A fixed regular payment, typically paid monthly or biweekly by an employer.
6. ______Interest: Interest calculated on the initial principal and also on accumulated interest from previous periods.
7. Payments earned based on hours worked or tasks completed.
9. _______Income: Income after taxes and deductions; also called "take-home pay."
10. ______Fund: Money set aside for unexpected expenses.
11. Loans made to businesses or governments that pay back with interest over time.
12. ______Spending: Non-essential expenses like eating out and hobbies.
17. ______Expenses: Costs that fluctuate, such as groceries and entertainment.
19. The cost of borrowing money or the earnings from savings and investments.