Budget
Plan for income and spending.
Public flashcard set
Personal Finance Basics
Money skills for adults and teens.
everyday finance
Flashcards
Emergency fund
Savings for unexpected expenses.
Interest
Cost of borrowing / reward for saving.
APR
Annual percentage rate on credit.
Credit score
Number summarizing creditworthiness.
Debt
Money you owe.
Principal
Original amount borrowed/invested.
Compound interest
Interest on interest over time.
Inflation
Rising general price level.
Diversification
Spreading investments to reduce risk.
Asset allocation
Mix of investment types in a portfolio.
Net worth
Assets minus liabilities.
Insurance
Contract transferring risk for a premium.
Tax
Mandatory payment to government.