A plan that outlines expected income and expenses over a specific period, helping manage finances.

Money set aside for future use, often kept in a savings account to earn interest.

Costs incurred for goods and services, categorized as fixed or variable.

Money received, typically from work, investments, or allowances.

A numerical representation of a person's creditworthiness, affecting borrowing ability.

A sum of money borrowed, expected to be paid back with interest.

Patterns in how individuals allocate their money on various expenses.

Specific objectives related to saving, spending, and investing money.

Goals that are Specific, Measurable, Achievable, Relevant, and Time-bound.

A card allowing users to borrow funds for purchases, requiring repayment with interest.

A bank account that earns interest on deposits, used for saving money.

Strategies used to create and manage a budget, such as the 50/30/20 rule.

A saving strategy where a portion of income is saved before spending on expenses.

Monitoring expenses to ensure they align with the budget.

Apps and resources that assist in managing money, budgeting, or investing.

Allocating money into assets with the expectation of generating a profit.

Money owed to lenders, which may incur interest over time.

The cost of borrowing money or the earnings from savings, expressed as a percentage.

Savings set aside for unexpected expenses or financial emergencies.

The ability to support oneself financially without reliance on others.

Using learned financial concepts in everyday life to make informed decisions.

The knowledge and skills needed to make informed financial decisions.

Distributing income across various budget categories according to priorities.

Discretionary spending that is not necessary for basic living.

A digital tool used for organizing data, calculations, and budgeting.

A visual representation of goals and aspirations, helping to maintain focus.