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Financial glossary

Clear, everyday definitions — no jargon, no assumptions.

Budget: A simple plan for the money coming in and going out over a period, usually a month.
Fixed expense: A cost that stays about the same each month, like rent or a loan payment.
Variable expense: A cost that changes month to month, like groceries, fuel, or dining out.
Emergency fund: Money set aside for unexpected costs, so a surprise doesn't become a setback.
Cash flow: The difference between money coming in and money going out over a period of time.
Net worth: What you own minus what you owe — a snapshot of your overall financial position.
Credit report: A record of how you've used credit over time, kept by credit bureaus.
Credit score: A number that summarizes information in your credit report. Different models produce different scores.
Credit utilization: How much of your available revolving credit you're using, shown as a percentage.
Interest: The cost of borrowing money, or the amount earned on savings, usually shown as a yearly rate.
Compound interest: When earnings themselves earn over time. Real returns vary and are never guaranteed.
Down payment: The upfront portion of a purchase price you pay yourself, common when buying a home.

Free resource

The 7 habits that strengthen your credit

A free, bilingual checklist of the everyday habits that support healthy credit — what each one is, why it matters, and simple actions you can start this week. Education-first: no scores promised, no shortcuts.

The 7 habits, explained in plain language
Simple actions you can start this week
A clear, education-first resource — no guarantees

Free PDF · EN & ES