Copyright Goodheart-Willcox Co., Inc. May not be reproduced or posted to a publicly accessible website. 64 Principles of Human Services Workbook ��������������������������������������� 9. ��������������������������������������� 10. ��������������������������������������� 11. ��������������������������������������� 12. ��������������������������������������� 13. ��������������������������������������� 14. ��������������������������������������� 15. ��������������������������������������� 16. ��������������������������������������� 17. ��������������������������������������� 18. ��������������������������������������� 19. ��������������������������������������� 20. ��������������������������������������� 21. ��������������������������������������� 22. A __(9)__ is a written financial plan to man- age income, expenses, and savings. By viewing a written list of planned __(10)__ (goods and services requiring payment), people can see how they are spending their money. If __(11)__ is equal to expenses, overspending will not occur, but __(12)__ money will not be possible either. Budgeting is not only about spending to meet needs and wants, but also about saving and __(13)__ for the future. A common way to save money is to open a savings account that earns __(14)__. With this type of savings account, the __(15)__, or original amount invested, will grow over time. __(16)__ involves using the Internet to access banking services. Through the use of electronic banking, people can instantly check account balances and look at their statements. They can transfer money from one account to another, which is called __(17)__. Many employers offer their employees the option of __(18)__. Addition- ally, people can use money transfer apps (such as Venmo or Paypal) to transfer money between friends or pay for purchases. Using credit involves buying or borrowing now and paying later. __(19)__ is a cash loan repaid with interest in equal, regular payments. Credit offered by a financial institution or mer- chant to a consumer is called __(20)__. Most credit cards are a form of __(21)__. With this type of credit, lenders make money through __(22)__, which are fees charged for buying on credit.