![]() ![]() While the term is broad, covering a variety of specialties and certifications, a financial advisor is a professional with skills and knowledge to assist with a range of financial matters. Expenses include common household bills, credit card payments, groceries and anything else that costs. ExpensesĮxpenses are what you spend money on. Depending on how much you have saved, an emergency fund could cover long-term expenses if you lose your job or with short-term unexpected events such as a car repair. This is money that's set aside for use in case of an emergency. For example, your mortgage is a debt you owe to the bank. ![]() This is money that's borrowed that needs to be paid back. The higher the score the better your credit, and you can see some financial benefits from this such as better terms on loans. ![]() It is meant to show how creditworthy an individual is. Your credit score is a number between 280-850, depending on the credit bureau. Check out these credit FAQs to learn more. The credit limit on your credit card is a good example. CreditĬredit is what's given when a lender grants a borrower money in exchange for later payment. It allows you to track and plan how you will spend your money, which can help you make financial decisions around paying off debt and saving for retirement. Personal finance glossary BudgetĪ budget is an estimation of your income and expenses. The below glossary explains some basic terms and definitions you may want to understand as you embark on your personal finance journey. This is especially true if you're just starting to think critically about your finances. New financial terms that can make the process feel overwhelming and confusing. But as you learn more about how to achieve those goals, you may hear It's essential to stay on top of your personal finances and work toward your long-term goals. ![]()
0 Comments
Leave a Reply. |
AuthorWrite something about yourself. No need to be fancy, just an overview. ArchivesCategories |