Personal Finance - Savings

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Across
  1. 4. Money set aside for unanticipated expenses or loss of income; goal is to have enough money to cover at least 3-6 months of living expenses.
  2. 8. Original amount of money saved or invested, separate from interest or earnings
  3. 12. Interest paid on the principal alone
  4. 13. a financial establishment that invests money deposited by customers, pays it out when required, makes loans at interest, and exchanges currency.
  5. 14. A saving strategy where you put a fixed amount of money into a savings account immediately after receiving your paycheck, rather than waiting until the end of the month to save what's left.
  6. 17. An account similar to a traditional savings account but that typically pays higher interest, requires a higher minimum balance, and may allow check writing
  7. 18. Things you have to have; these are essential.
  8. 20. The rate at which the price of goods increases and consumer purchasing power decreases over time
Down
  1. 1. an interest-bearing deposit account held at a bank or other financial institution. It typically pay a modest interest rate; their safety and reliability
  2. 2. A savings certificate with a fixed interest rate and maturity date, holding the saver's money until the it fully matures.
  3. 3. the personal, big-picture objectives you set for how you'll save and spend money.
  4. 5. a non-profit making money cooperative whose members can borrow from pooled deposits at low interest rates.
  5. 6. Things you would like to have; they are not absolutely necessary, but they would be nice to have.
  6. 7. sometimes called “take-home pay”, is the amount of your paycheck that you actually get to deposit or cash after deductions and withholdings have been taken out.
  7. 9. This is earned on both the principal amount and any interest already earned
  8. 10. a strategic way to save money by setting aside a little bit each month to be used at a later date for a large purchase.
  9. 11. A measurement of your assets (money you've saved or things of value you own) minus your liabilities(money you owe others); also called net worth
  10. 15. The amount you earn as the benefit of depositing money in an interest-bearing account
  11. 16. the total amount you’re paid before deductions and withholding.
  12. 19. Putting aside money for future use.