Across
- 2. The act of allocating money into assets, such as stock, bonds, real estate, or your education with the expectation of generating income or appreciation over time.
- 3. The amount of money paid or earned for the use of money. When you borrow you pay it. When you save or invest, you earn it.
- 6. Money borrowed from lenders that must be repaid, often with interest. Common forms are student loans, credit card balances, and mortgages.
- 7. The money you spend on goods and services, including necessities like food, housing, transportation, and discretionary spending like entertainment and hobbies.
- 9. The money you earn from various sources, such as allowances, jobs, or gifts. It's essential for covering expenses and saving for the future.
- 10. A bank account where you can deposit money and earn interest on the balance, typically used for storing money for future needs or emergencies
Down
- 1. A numerical representation of your creditworthiness based on your credit history. It's used by lenders to determine your likelihood of repaying debts, and influences loan approvals and interest rates.
- 4. Money set aside that can be accessed quickly for unexpected expenses
- 5. A plan that outlines your income and expenses, helping you manage your money effectively and reach your financial goals.
- 8. A record of your credit history. it can show lenders and others how you manage your financial responsibilities.