Across
- 2. Security income- Social Security benefits, which are monthly retirement, disability, or survivor payments based on your work history, or Supplemental Security Income (SSI), which are needs-based payments for people with limited income and resources
- 5. plans- a document that outlines your current financial situation, your short- and long-term financial goals, and the strategies for achieving them
- 10. equity- the process of increasing the value of the portion of your home that you own outright
- 13. a retirement plan that provides a regular income to employees after they stop working, often funded by an employer.
- 14. the name of a book, composition, or other artistic work.
- 21. IRA- an individual retirement account funded with after-tax dollars, meaning contributions are not tax-deductible.
- 23. a person or entity that owns property, such as a house, apartment, or land, and leases it to tenants in exchange for rent
- 25. tax- a government-imposed tax on the earnings of individuals and businesses
- 26. contributions- amounts of an employee's pay that are deducted from their paycheck and put toward benefits like retirement plans and health insurance
- 28. mortgage payment- is the regular payment a homeowner makes to a lender to repay a home loan.
- 29. anything of value that is owned by an individual or organization, including physical items, investments, and intellectual property
- 31. worth- a measure of your financial health calculated by subtracting your total liabilities (what you owe) from your total assets (what you own)
- 33. mobility- the ability of an individual, group, or class to improve their social and economic position, such as by moving to a higher social class or achieving higher status, income, and power
- 34. a person who occupies land or property rented from a landlord.
- 36. an abundance of valuable possessions or money.
- 39. theft- a crime that involves someone using your personal or financial information without your permission for their own fraudulent purposes
- 40. expressing the future tense.
- 42. ownership- refers to the process of securing the funds needed to acquire or maintain a controlling stake in a business or property
- 43. buying- the buying of goods without planning to do so in advance, as a result of a sudden whim or impulse.
Down
- 1. planners- a professional who helps individuals and families manage their money and achieve their financial goals through comprehensive strategies, including budgeting, investing, retirement planning, and estate planning.
- 3. Retirement Account (IRA)- a tax-advantaged investment account designed to help people save for retirement
- 4. pay someone for the use of (something, typically property, land, or a car).
- 5. mortgage- a home loan where the interest rate remains constant for the entire loan term
- 6. tax-the remaining amount of income or profit after all applicable taxes have been deducted
- 7. the state of being responsible for something, especially by law
- 8. an employer-sponsored retirement savings plan that provides special tax benefits and allows employees to save and invest a portion of their salary
- 9. company mortgage- a loan for purchasing property, secured by the property itself, where the company lends money and the borrower agrees to pay it back with interest over a set period.
- 11. mortgages- a type of home loan where the interest rate fluctuates over time, based on a benchmark financial index.
- 12. planning- the process of setting financial goals and strategies to ensure you have enough income and savings to live comfortably after you stop working
- 15. taxes (Real estate taxes)- locally assessed taxes levied on the value of land and any permanent structures on it
- 16. tax- a tax on sales or on the receipts from sales.
- 17. a type of cyberattack that uses deceptive emails, text messages, or websites to trick people into giving up sensitive information like passwords, credit card numbers, or bank account details
- 18. deposit- a sum of money paid to a landlord to cover potential damages to a rental property or unpaid rent
- 19. tax return- is a form filed with a government tax authority to report your income, expenses, and other financial details for the past year
- 20. Management- the process of budgeting, saving, investing, and spending wisely to achieve financial stability and long-term security
- 22. payment- an initial payment made by a buyer at the time of a purchase, with the rest of the cost typically financed by a loan
- 24. Contribution- an arrangement where an employee postpones receiving a portion of their current income until a future date, typically retirement
- 27. company- a financial institution that specializes in providing home loans to individuals.
- 30. in life- the distinct phases of a person's development, each characterized by common experiences, challenges, and milestones
- 32. deferred- refers to investments where taxes on the earnings are postponed until a future date, typically when the funds are withdrawn.
- 35. IRA- a retirement savings plan where contributions may be tax-deductible, and the investments grow tax-deferred until withdrawal.
- 37. the act, state, or right of possessing something.
- 38. estate- property consisting of land or buildings.
- 41. mortgage- a mortgage is a loan for purchasing real estate, where the property itself serves as collateral for the loan.