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Learn about your debt - more terms

Cash Flow: A measure of the money a person receives and spends. Money in is needed before money can be spent.

Cash Management: How a person manages money (cash) coming in and money going out.

Compounding: Earning interest on interest.

Cost of Living: The average cost of a variety of expenses for living, such as rent or home costs, transportation costs, insurance, utilities like natural gas and electricity, and food. What does it cost to live where you are at? Are you making enough money?

Credit: Money someone is willing to loan another person based on trust and the expectation that the money will be repaid with interest. Credit must be used with caution.

Credit History: A person’s payment activity, especially as reported to credit reporting agencies.

Credit Report: An historical account of how a person has used credit, as reported to credit reporting agencies.

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