Personal Finance
budget
A plan for how to spend money over a certain period.
expenses
The costs or expenditures incurred in the operation of a business or during an activity.
Glossary Reference
Terms concerning individual money management, budgeting, saving, and investing.
budget
A plan for how to spend money over a certain period.
expenses
The costs or expenditures incurred in the operation of a business or during an activity.
income
Money received, especially on a regular basis, for work or through investments.
savings
Money that has been set aside, often in a bank account, for future use.
investments
The action or process of investing money for profit or material result.
debt
An amount of money that is owed or due.
assets
Assets refer to valuable resources owned by an individual or organization, which can be used for generating income or may appreciate over time.
liabilities
A financial obligation or debt that a person or organization owes to others.
cash flow
The amount of cash and cash-equivalents being transferred into and out of a business.
emergency fund
A sum of money set aside for unexpected expenses or emergencies.
interest
The feeling of wanting to know or learn about something or someone.
diversification
The process of varying or expanding into different types or categories.
compound interest
A method of calculating interest where interest is added to the principal amount, and future interest calculations use the new total.
financial goals
A target or objective aimed at improving personal or business financial status.
net worth
The total assets owned by an individual or entity minus any liabilities or debts.
spending plan
A plan that outlines expected expenditures and budgetary allocations.
credit score
A numerical expression based on a level of creditworthiness, calculated from a credit report.
retirement fund
A type of savings account or investment fund intended to provide income after retirement.
portfolio
A collection of financial investments, such as stocks, bonds, and assets, held by an individual or institution.
brokerage account
A brokerage account is an arrangement with a licensed brokerage firm that allows an investor to deposit funds and execute trades in securities like stocks and bonds.
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