Category
Personal Finance terms
Personal finance covers the everyday money decisions everyone makes, from budgeting and saving to borrowing and planning ahead. These terms explain the language on payslips, credit reports and loan offers. 191 Personal Finance terms are explained below, each with real-world examples.
- A-B Trust
- Abeyance
- ABLE Account (529A)
- Accumulated Income Payments
- Additional Cardholder
- Adjusted Balance Method
- Adjusted Net Worth
- Advance Funding
- Advance-Deposit Wagering (ADW)
- Advisor Account
- Advisor Fee
- Aguinaldo
- Alimony Payment
- Alternate Beneficiary
- Arrearage
- Assessment
- Asset Accumulation
- Asset Protection Trust (APT)
- Automatic Savings Plan
- Average Daily Balance
- Average Outstanding Balance
- Award Letter
- Back-End Ratio
- Bad Check
- Balance Transfer Fee
- Bare Trust
- BEACON Score
- Benefactor
- Beneficiary of Trust
- Big Ticket Item
- Bimonthly Payments
- Breadwinner
- Bursary Award
- Buy Here, Pay Here
- Canada Pension Plan (CPP)
- Capitalized Cost Reduction
- Car Title Loan
- Cash-Out Refinance
- CDFA
- Certified Consumer Debt Specialist
- Certified Trust and Financial Advisor
- Charitable Lead Trust
- Charitable Remainder Annuity Trust
- Charitable Remainder Trust
- Chartered Financial Consultant Chfc
- Chartered Trust and Estate Planner
- Chartered Wealth Manager
- Codicil
- Collection-Proof
- Common Law Property
- Community Property
- Conservatorship
- Cost of Attendance (COA)
- Court Order Acceptable for Processing (COAP)
- Covered Earnings
- Credit Card Debt
- Credit Counseling
- Credit Denial
- Credit Freeze
- Credit Monitoring Service
- Credit Repair
- Cumulative Interest
- Curtailment
- Daily Money Manager
- Deadbeat
- Decamillionaire
- Deceased Alert
- Declaration of Trust
- Deficit Net Worth
- Denomination
- Derogatory Information
- DEWKS
- Dinks
- Disclaim
- Disclaimer Trust
- Downshifting
- Earning Potential
- Education Loan
- Educationira
- Effective Net Worth
- Elder Care
- Elite Status
- Envelope
- Executrix
- Exemptiontrust
- Expatriate
- Expected Family Contribution
- Family Limited Partnership
- Federal Application of Student Aid FAFSA
- Federal Direct Student Loan Program
- Finance Charge
- Financial Elder Abuse
- Financial Inclusion
- Financial Independence Retire Early (FIRE)
- Financial Infidelity
- Financial Plan
- Financial Therapy
- Financialportal
- FIRE Economy
- Flex Dollars
- Flexible Expense
- Freeganism
- Funemployment
- GI Bill
- Gift Causa Mortis
- Gift in Trust
- Gift Inter Vivos
- Good Credit
- Grantor
- Guaranteed Minimum Pension (GMP)
- Guardian IRA
- Hardship Withdrawal
- Health Reimbursement Account
- Heir
- High Earners Not Yet Rich Henrys
- Higher Education Act of 1965
- Holographic Will
- House Poor
- Household Expenses
- Household Income
- Incentive Trust
- Individual Development Account
- Investmentpyramid
- Irrevocable Income-Only Trust
- Last Will and Testament
- Legacy Planning
- Life Estate
- Lifestyle Creep
- Lottery
- Lovemoney
- Lump Sum Payment
- Marital Trust
- Maritalproperty
- Means Test
- Medical Savings Account
- Memberofhousehold
- Microsavings
- Millennial
- Minimum Payment
- Money
- Money Management
- Moneymanager
- Monthly Income Plan
- National Foundation for Consumer Credit
- Notice to Creditors
- Oral Will
- Outofpocket
- Paraplanning
- Paycheck to Paycheck
- Payroll Deduction Plan
- Pell Grant
- Perkins Loan
- Personal Financial Advisor
- Personal Financial Specialist (PFS)
- Personal Spending Plan
- Personal Trust
- PLUS Loan
- Prepaid Tuition Plan
- Qualified Personal Residence Trust
- Qualifieddisclaimer
- Sandwich Generation
- Savings
- Savings Account
- Sawbuck
- Self-Invested Personal Pension (SIPP)
- Settling-In Allowance
- Social Security Trust Funds
- Special Needs Trust
- Specialneedschild
- Stafford Loan
- Stipend
- Student Debt
- Student Loan Forgiveness
- Suddenwealthsyndrome
- Tax-Free Savings Account
- Term Payment Plan
- Testamentary Trust
- Testamentary Will
- Thin File
- Transfer on Death Registration
- Transferable Points Programs
- Transferondeath
- Trust Fund
- Ultra High Net Worth Individuals Uhnwi
- Unemployment Income
- Vocational Degree
- Voluntary Simplicity
- Wealth
- Wealthpsychologist
- Withdrawal
- Zero Percent
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