Personal Finance Review 1

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Across
  1. 3. Stock market index representing 500 of the largest companies US stock exchanges
  2. 5. Type of car insurance that covers you if you cause injuries
  3. 7. A record of how you've managed loans and payments over time
  4. 9. Federal insurance program protecting the money you deposit in member banks up to $250,000 per depositor, per bank
  5. 11. Strategy involving spreading investments across different assets to reduce risk
  6. 12. Type of investment that combines money from multiple investors to create a diversified basket of stocks and/or bonds
  7. 14. The amount borrowed by someone for a loan
  8. 16. If you want a lower deductible you will pay a higher monthly _______.
  9. 17. Monthly fee that some banks charge to keep your account open
  10. 18. The 50/30/20 rule divides your budget to spend 50% on _______
Down
  1. 1. An initial payment made when buying something expensive, such as a car or house
  2. 2. Your total earnings BEFORE taxes or deductions are taken out
  3. 4. Insurance strategy to afford large payouts by collecting premiums from a large group
  4. 6. This type of card is connected to your checking account
  5. 8. If your expenses are higher than your income, you have a budget ________.
  6. 10. The lowest amount you can pay on your monthly credit card bill to remain in good standing
  7. 13. Investment that automatically adjusts your investments based on a planned retirement year
  8. 15. Strategy for debt repayment starts with the lowest balance debt