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ECON_Ramsey_Chapter 1

Across
all the financial decisions an individual or family must make in order to earn, budget, save, spend, and give money over time.
the percentage of principal charged by the lender for use of its money
the dollar value of a person’s liabilities is larger than the value of their assets
an expression used to describe a person or household whose monthly income is devoted to expenses and has little to no savings
what a person earns after payroll taxes and other deductions are taken out; often referred to as take-home pay
anything that is owned by an individual, including money in the bank or investments
the cost of goods or services; money paid out
financial debts or obligations
Down
the dollar value of a person’s assets is greater than the dollar value of their liabilities
the knowledge and skill base necessary for people to be informed consumers and manage their finances effectively
money owed to another person or company
a plan of action that allows a person to meet not only their immediate needs but also their long-term goals
person or entity that charges borrowers interest rates above an established legal rate​​​​​​​
a person or organization that uses a product or service
the additional cost a lender charges for borrowing their money
the amount by which the value of a person’s assets exceeds or falls behind the value of their liabilities
the granting of a loan and the creation of debt; any form of deferred payment