Unit 1 Personal Finance Test Crossword

A fee paid by a borrower to the lender for the use of borrowed money.
An Obligation of repayment owed by one party to a second party.
A system by which goods and services are produced and distributed.
A person or organization that uses a product or service.
The granting of a loan and the creation of debt; any form of deferred payment.
Knowing the __________ of money allows you to tell your money what to do.
The persistent increase in the cost of goods and services.
Interest Paid on interest previously earned
A savings account that is set aside to be used only for sticky situations.
A rate which is either charged or paid for the use of money
Saving money over time for a large purchase.
The five steps to financial success
A cash flow plan that assigns an expense to every dollar of your income, where total income minus total expenses equals zero.
A written cash flow plan.
The act of matching your bank statement with your checkbook.
Occurs when money is withdrawn from a bank account and the available balances goes below zero.
An item that is bought without previous planning.
When it comes to money, success is about 20% _______
When it comes to money, success is 80% _________.
The 3rd foundation is; Pay _______ for your Car.
The fifth foundation is to build wealth and ________.
_________ is the key ingredient when it comes to wealth building.
Building wealth is a _________, not a sprint
Safest place to keep your money.
Allows you to make withdrawals, deposits or transfers without entering your bank.
A written plan removes the "management by ______" from your finances.
__________ money goes further.