Across
- 5. a plan of action that allows a person to meet not only their immediate needs but also their long-term goals
- 8. the dollar value of a person’s liabilities is larger than the value of their assets
- 9. anything that is owned by an individual, including money in the bank or investments
- 11. the percentage of principal charged by the lender for the use of its money
- 13. independent federal agency that insures deposits in bank accounts up to $250,000
- 16. the amount by which the value of a person’s assets exceeds or falls behind the value of their liabilities
- 17. to Paycheck an expression used to describe a person or household whose monthly income is devoted to expenses and has little to no savings
- 18. a person or organization that uses a product or service
Down
- 1. people who have savings or checking accounts but still use alternative financial products and services
- 2. the amount of interest charged on a debt but not yet collected; interest accumulates from the date a loan is issued
- 3. financial debts or obligations
- 4. people who don‘t have bank accounts
- 6. the dollar value of a person’s assets is greater than the dollar value of their liabilities
- 7. the cost of goods or services; money paid out
- 8. what a person earns after payroll taxes and other deductions are taken out; often referred to as take-home pay
- 10. independent federal agency that insures deposits in credit unions up to $250,000
- 12. Finance all the financial decisions an individual or family must make in order to earn, budget, save, spend, and give money over time
- 14. money owed to another person or company
- 15. a financial institution licensed to receive deposits and provide financial services