Personal Finance
Budgeting, saving, debt management, credit scores, and the foundational habits of long-term financial health.
The process of spreading out a loan into a series of fixed payments over time.
The annual rate of interest charged to borrowers and paid to investors.
A resource with economic value that an individual, corporation, or country owns or controls with the expectati…
A debt-payoff strategy of clearing balances from highest to lowest interest rate, minimising total interest pa…
The net amount of money moving in and out of your accounts. Positive cash flow means income exceeds expenses.
Interest calculated on the initial principal, which also includes all of the accumulated interest from previou…
The amount of money needed to cover basic expenses such as housing, food, taxes, and healthcare in a certain p…
A detailed record of your borrowing and repayment history compiled by credit bureaus and used by lenders to as…
A number between 300-850 that depicts a consumer's creditworthiness. The higher the score, the better a borrow…
The percentage of your available credit you're currently using. Keeping it under 30% generally helps maintain …
A type of credit score created by the Fair Isaac Corporation (FICO). Lenders use borrowers' FICO scores to ass…
A person or organization that acts on behalf of another person or persons, putting their clients' interest ahe…
A professional who provides financial guidance to clients based on their needs and goals.
The status of having enough income or assets to cover your living expenses without needing employment.
The discipline of spending intentionally and economically — using money to maximise long-term value rather tha…
A budgeting philosophy of automatically routing savings or investments out of every paycheck before paying any…
A legal document authorising a designated person to act on your behalf in financial or medical matters.
The original sum of money borrowed in a loan, or put into an investment.