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Personal Finance #2--Spring 2021

Horizontales
Things that you must have to meet daily living--someplace to live, food, clothing, etc.
Installment loan used to purchase a loan
Making sure that your budget's income and expenses equal each other
Money left over in a budget after income and all expenses are included in the budget
A loan used to purchase an item in equal monthly payments
Purchasing items now with payment due at a later time
An amount of money set aside to use when some unexpected costs have to be dealt with--car accident/large medical bill
An unsecured loan with different monthly payments depending on the use of the card
Verticales
Things that you don't need but want--Nike shoes vs generic shoes
Paying the highest interest rate on loans and credit cards first
A way to determine what your income is and what your anticipated expenses are. To be able to live within your income
A type of installment loan used to purchase a car
Paying the lowest amount of debt (loans/credit cards) first
Score earned based on your creditworthiness
In a budget, when expenses exceed the income