Category: Money Basics: Budgeting, Debt & More
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What is Interest?
Ever felt like your money has a mind of its own? One minute it’s there, the next it’s gone, or maybe it’s even grown a bit. That’s often interest at work. Quietly pulling the strings behind the scenes. It’s like a silent partner in your finances. Understanding how it operates can be the difference between…
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What is Compound Interest?
Ever feel like your money’s going nowhere? Like you’re stuck in a loop. Working hard but not getting ahead? Well, there’s a little trick called compound interest that can help. It’s like planting a tiny seed and watching it grow into a big tree over time. Let’s break it down in a way that makes…
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What is a Credit Score?
Imagine you’re applying for a job. You’ve got a CV, right? That CV tells a story about your skills and experience. Well, your credit score is a bit like a CV for your finances. It tells lenders a story about how you handle money. It’s a number, yes, but it represents your financial reliability. Understanding…
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What is an Emergency Fund?
Life can throw curveballs, can’t it? One minute everything’s fine. The next minute, your car’s broken or the washing machine packs it in. That’s where having an emergency fund comes in. It’s that ‘just in case’ money. Ready for when things don’t go to plan. The Money Part: How to Build Your Safety Net An…
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What is a Budget?
Let’s be real. Budgeting can feel like a chore. Like eating your vegetables. You know it’s good for you, but it’s not always fun. If you’re struggling to stick to a budget, you’re not alone. It’s tough, especially when money is tight. But let’s break it down and see how we can make it easier.…