Today's terms

Measures how much an investment’s price moves compared to the overall market.
→ A beta above 1 means it’s more volatile than the market, while below 1 means it’s more stable.

Money you save specifically for unexpected situations like emergencies, job loss, or urgent repairs.
→ Most experts recommend saving about 3–6 months of essential expenses.

The percentage of your available credit that you’re currently using.
→ Keeping it low (under 30%) helps improve your credit score.

A loan where the interest rate stays the same for the entire repayment period.
→ This means your monthly payment stays consistent and predictable over time.

The total yearly cost of borrowing money, including interest and additional fees.
→ It gives a clearer picture than just the interest rate when comparing loans or credit cards.

A detailed schedule that shows how each loan payment is split between interest and the amount you owe (principal) over time.
→ Early payments go more toward interest, while later ones pay off more of the loan.