Saving & borrowing
Your everyday money.
Build reserves, compare borrowing costs and understand interest. These terms connect financial knowledge to everyday decisions.
Budget
A budget is a plan comparing income, expenses and savings goals over a specific period.
In plain languageCreditworthiness
Creditworthiness describes a borrower’s ability and willingness to meet payment obligations.
In plain languageEasy-access savings
Easy-access savings are interest-bearing bank deposits that you can generally access without a fixed term. The interest rate is usually variable.
In plain languageEffective interest rate
An effective annual borrowing rate expresses yearly credit costs including certain charges that determine the price.
In plain languageEmergency fund
An emergency fund is readily accessible money set aside for unexpected expenses or loss of income.
In plain languageFixed-term deposit
A fixed-term deposit is money placed with a bank for an agreed period at a fixed interest rate.
In plain languageInterest
Interest is the price of using money for a period. Savers may receive it, while borrowers pay it.
In plain languagePrincipal repayment
Principal repayment is paying back the amount borrowed on a loan. It is separate from interest payments.
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03 / CONNECT THE DOTS
Knowledge that moves you forward.
Individual terms are the beginning.
Here’s how they fit together.
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Why a bank balance is only part of the picture, and how nominal and real returns differ.
Read the guide