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Personal Finance Review #2

Across
Savings tool; interest rate changes based off market; limited access
One of the 5 C's, what an individual puts up as a security for the repayment of a loan
Also known as revolving credit, most common form is credit cards
One of the 5 C's, refers to an individuals ability to pay back a loan, inc. comparing their income to how much credit they want and their existing debt
These shift resources from the private sector to the government to provide public goods and services
Refers to when you give up some of one thing to gain more of something else
Savings tool; cannot touch for a period of time; set interest rate
Portion of the federal budget that changes from year to year; inc. spending on education, defense, arts, infrastructure etc.
Expenses that occur from month to month and how much they cost do not change
Portion of the federal budget that does not change from year to year; requirements for this money changes; includes Social Security and Medicare
Expenses that are required for living and working
Type of credit for a specific purpose, set payment schedule and interest rate
Debt reduction strategy that orders debts from lowest amount to highest amount
Down
Refers to what the individual gives up when they make a choice
The statistical method used to determine the likelihood of an individual paying back the money they borrowed
Portion of savings that exists for when income is reduced/interrupted or emergency costs arise
Type of expense that occurs from month to month but the amount changes based on how much the good/service is used
The cost of borrowing money, makes cost of goods and services more when purchased on credit
Type of income that is expressed yearly, paychecks remain the same from month to month
Mr. Apuzzo's favorite movie
Type of expenses that occur whenever the need/want arises
Refers to the rising cost of goods and services
Debt reduction strategy that orders debts from highest to lowest interest rate
Expenses that make life more comfortable
Form of income that pays bases off an hourly/weekly basis