Name Chapter 1: Personal Finance Basics and the Time Value of Money Across correct, desirable, and important. restructure your debts or remove certain debts interest earned Down 3. Ideas and principles that a person considers 5. A set of federal laws that allow you to either 6. Increases in an amount of money as a result of 9. The amount to which current savings will 1. The process of managing your money to 6 achieve personal economic satisfaction 2. The study of how wealth is created and distributed 4. The stages in the family and financial needs of an adult. 7. A rise in the general level of prices 8. What a person gives up by making a choice 9 increase based on a certain interest rate and a certain time period 10. The current value for a future amount based on 11. The ability to readily convert financial resources 12. A formalized report that summarizes your a certain interest rate and a certain time period into cash without a loss in value current financial situation, analyzes your financial needs, and recommends future inancial activities