Budgeting Basics

A personal budget is a plan that shows how much money you earn and spend each month. It helps you manage your money wisely and achieve your financial goals. Having a personal budget can help you save more, pay off debt, invest for the future and avoid financial stress.

An interest rate is the amount of money that a lender charges a borrower for using their money. It is usually expressed as a percentage of the amount borrowed, also known as the principal.

Your 20s are an exciting time of life. You may be starting your career, moving out of your parents’ house, traveling the world or pursuing your passions. However, your 20s are also a crucial time to start saving money for your future goals and needs.