Financial Algebra Unit 2.3 Budgets & Cash Flow Crossword

What we own, such as a car or cash in the bank
The sum of all the months divided by the number of months AVERAGE MONTHLY
A situation in which the total income (inflows) equals total expenses (outflows) BALANCED
A financial document that lists income and expenses that is used as a plan for spending and saving
a line with details about a particular expense or savings entry BUDGET
A circular chart that is divided into parts shaped like pieces of pie in such a way that the size of each piece is usually represented in a percentage CIRCLE
Debt that must be paid off within one year CURRENT
Money that is owed
A plan to improve a debt to income ratio by doing some or all of the following: lower debts with the highest interest rates, pay more than the minimum monthly payment, cut daily costs, make a debt list, and do not incur more debt DEBT REDUCTION
A ratio of monthly expenses to monthly gross income. It is a realistic view as to where a person stands financially with the present amount of debt DEBT TO INCOME
Include expenses for things such as museums, movies and concerts ENTERTAINMENT
Typical assets owned by a household, like cars, houses, and furniture HOUSEHOLD
Something that you purchase with an ultimate goal of making money
Money that is owed, debt
Financial assets that are cash or can quickly be converted into cash with loss of value LIQUID
Debt that will take longer than one year to pay off LONG TERM
What an item would be worth if it was sold today MARKET
Difference between assets and liabilities NET
A document that lists income, assets, and liabilities that estimates one’s financial position at a point in time PERSONAL BALANCE
A circle graph PIE
To make a guess or estimate about the future
Homes, rental properties, farms, and other land REAL
Money paid, usually monthly, until the total bill is paid off TIME
To move money from one budget line to another
Includes expenses for things such as fuel, insurance, repairs, car washes, parking, bus fare, train tickets, and airfare TRANSPORTATION