Module 2 Vocabulary

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Across
  1. 4. A bank account designed for frequent transactions and payments
  2. 5. A budgeting method dividing income into needs wants and savings
  3. 7. Money earned from work or other sources
  4. 8. Investing in different assets to reduce overall risk
  5. 9. Interest calculated on both the initial principal and accumulated interest
  6. 13. Money set aside for future goals or emergencies
  7. 17. A bank account that earns interest and encourages longterm saving
  8. 18. Money withheld from a paycheck for taxes, insurance, and other costs
  9. 20. A goal that is Specific Measurable Achievable Relevant and Timebound
  10. 22. The ability to borrow money with a promise to pay it back later
  11. 24. The cost of borrowing money or the reward for saving it
  12. 26. Money taken out of a bank account
  13. 29. A number representing your reliability in repaying borrowed money
  14. 31. When you spend more money than is available in your checking account
Down
  1. 1. Expenses essential for basic living such as food housing and transportation
  2. 2. A secret code required to access bank accounts or complete transactions
  3. 3. The percentage increase in the average price of goods over a period
  4. 6. The value of what you give up when you make one financial choice over another
  5. 10. The general rise in prices that reduces purchasing power over time
  6. 11. A document showing gross pay deductions and net pay
  7. 12. Intentional deception to secure unfair or unlawful financial gain
  8. 14. Using money to earn more money over time through assets or funds
  9. 15. The amount of money you take home after deductions
  10. 16. Nonessential items or experiences that add comfort or enjoyment
  11. 18. Money added to a bank account
  12. 19. Machine used to withdraw or deposit cash using a card
  13. 21. The illegal use of someone's personal information for financial gain
  14. 23. A payment card that allows you to borrow up to a set limit
  15. 25. A plan that helps you track income and expenses to reach financial goals
  16. 27. The value of money measured by how much it can buy
  17. 28. Any cost or payment that decreases your available funds
  18. 30. Total earnings before any deductions are taken out
  19. 32. A payment card that withdraws money directly from a checking account