A fuller guide to this term is on the way. In the meantime, the related terms below explain the ideas around it.
Related MoneyPedia terms
- Automatic SavingsScheduled transfers that move money into savings on their own, making it easier to save without relying on willpower.
- Recurring ExpensesCharges that repeat on a regular schedule, such as monthly subscriptions or annual memberships, whether you use them or not.
- Billing CycleThe recurring stretch of time between one bill or statement and the next, which sets when payments come due.
- Late FeeA charge added when a payment arrives after its due date, which raises your costs and can hurt your credit.
- Credit ScoreA number that sums up how you've handled borrowing, shaping the rates you're offered.
- Cash FlowThe movement of money into and out of your accounts over time, showing whether more comes in than goes out.
More in Budgeting & Cash Flow
Plain-English education — not personalized legal, tax, or investment advice.