Money Matters

4. a savings account set up specifically to be used to cover financial emergencies
8. credit that automatically renews whenever a payment is made to reduce the debt
9. expense that remains the same from month to month
10. a written plan for giving, saving, and spending
11. expense that varies in dollar amount from month to month, but that you can expect to have every month
13. credit (a loan) for a fixed amount of money that‘s paid back in monthly installments
14. expense that occurs at various times throughout the year and tends to be in large, lump sums
15. the granting of a loan and the creation of debt; any form of deferred payment

1. the amount you earn before taxes and other payroll deductions
2. anything that is owned by an individual, including money in the bank or investments
3. the additional cost a lender charges for borrowing their money
5. interest paid on interest previously earned
6. the persistent rise in the cost of goods and services over time
7. the initial amount of money invested or borrowed
12. money owed to another person or company