Debt and Credit
APR is the yearly cost of borrowing. Credit utilization is how much of your available card limit you are using. Minimum payment is the smallest required monthly payment.
Budgeting
Net income is take-home pay after deductions. A budget is a plan for that income. A sinking fund is money saved for a known future cost.
Saving and Investing
Emergency fund means money saved for surprises. Compound interest means interest growing on top of previous interest. Diversification means spreading money across different investments to reduce reliance on one thing.
Helpful habit: When you learn a new money term, connect it to one real number in your own life.
Where to Go Next
- Use the calculators to practice with example numbers.
- Read the glossary for short definitions.
- Pick one debt or savings goal to understand first.