Personal Finance Crossword

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Across
  1. 5. a type of insurance that helps protect your home and belongings from things like damage, theft, or accidents
  2. 9. spreading your money across different types of investments, like stocks, bonds, or real estate, to reduce risk
  3. 11. when the prices of goods and services increase over time
  4. 12. a loan that you take out to buy a house
  5. 13. type of investment that represents a small piece of ownership in a company
  6. 14. when you replace your current loan with a new one, often to get better terms like a lower interest rate or lower monthly payments
  7. 18. The gradual reduction in the value of an asset over time due to wear and tear, age, or obsolescence
  8. 20. range of income that is taxed at a specific rate
  9. 22. process of paying off a debt over time through regular, fixed payments
Down
  1. 1. the total amount of money you earn before any deductions, like taxes or retirement contributions, are taken out
  2. 2. when money is taken directly from your paycheck or bank account to pay off a debt you owe
  3. 3. the amount of money you pay out of pocket for expenses before your insurance starts covering the rest
  4. 4. the process where interest is added to the principal amount of a loan or investment, so that from that moment on, the interest that has been added also earns interest
  5. 6. the cost of borrowing money or the return on investment, expressed as a percentage
  6. 7. the value of something you own minus what you owe on it
  7. 8. a U.S. law that requires money to be taken out of your paycheck to fund Social Security and Medicare
  8. 10. U.S. government program that provides financial benefits to people who are retired, disabled, or to the families of deceased workers
  9. 15. The amount of money you take home after all deductions, like taxes and other expenses, are subtracted from your total income
  10. 16. a type of credit score that lenders use to determine how likely you are to repay borrowed money
  11. 17. a type of insurance that protects the lender if you default on your mortgage payments
  12. 19. the process of setting aside money for future use rather than spending it immediately
  13. 21. a plan for how you will spend and save your money